Question , ajlan bros/Artar28 Mar 2026 11:26
Towards the end of January 2026 , kefi put out a rns to say " At the conference "Future Minerals Forum" in Riyadh, Saudi Arabia last week, GMCO (13%-owned by KEFI) advertised that it is working with Saudi conglomerate AJ Lan Group on a proposed exploration JV on an area outside the boundaries of GMCO's existing portfolio. Details will be reported when the proposed joint venture is confirmed and formalised".
Looking at ajlan website , as one of ots projects it mentions
6- Al Rashed Joint Venture
The Wurshah gold project is a joint venture between Ajlan & Bros Mining and Al Eitilaf Al Momayaz, part of the Artar Group of Companies. The project features extensive drilling completed by a previous operator and is expected to offer an opportunity for rapid development of a new gold mine, subject to results. A work program of SAR 265 million is planned to be invested by the joint venture, aimed at advancing the project toward rapid production.
My question , is this an arrangement that was already in play prior to kefi announcement, and the 2 already had a working relationship , or is this completly new?