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KEFI Minerals ( (GB:KEFI) ) just unveiled an update.
KEFI Gold and Copper plc’s joint venture, Gold and Minerals SLA (GMCO), has been selected for the Saudi Government’s Exploration Enablement Program. This selection, one of only six out of 49 applicants, highlights GMCO’s rapid growth and strategic significance. It coincides with KEFI’s strategic review of its 15% stake in GMCO, with potential acquisition interests from several parties. The program, backed by SR685 million funding, aims to enhance the mining sector’s competitiveness and exploration capabilities in Saudi Arabia, further solidifying GMCO’s position as a leading private sector exploration firm in the region.
More about KEFI Minerals
KEFI Gold and Copper plc is a company specializing in gold and copper exploration and development, with a focus on the Arabian-Nubian Shield. It operates primarily through its joint venture, GMCO, in Saudi Arabia, and has been involved in significant mineral discoveries and development projects since its incorporation in 2008.
YTD Price Performance: 0.83%
Average Trading Volume: 49,324,689
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £38.67M
For an in-depth examination of KEFI stock, go to TipRanks’ Stock Analysis page.
