Member Info for Robjm66

Katie. in Saudi Arabia..

Saudi on track Hawiah grown can start as an open pit more cash flow up front…two things have popped up during the year one especially important in the short term we have been given repeated assurances that JQ will be given the green light for development…waiting years for green light on JQ now all of a sudden pressure to do it yesterday mining licence at JQ by end of the year ( Robjm66 would need exploration licences first of course) would need to update plans environmental and so on first before mining licence.

As it turns out JQ will be in production same time or even a bit earlier than TK…its simpler…the big news is we will have two projects

Had a series of licenses granted us and last month given assurance that JQ licenses will flow to us… just received new areas with gold producers in ancient times all go in KSA we are applauded for all our work there.

Rough transcript summary part one
Katie …sorry got distracted harry talk us through the plan..

Harry..essentially first mover with TK largest export generator..this year country calming down..project syndicate met all committed to proceed with the project with a few condition's but it is all moving along.

Yesterday had a team from Ethiopia here in Cyprus that I was showing around..close working relationship at all levels of government everyone's under pressure to get it going and that what we are doing

Katie What milestones left to achieve in Ethiopia in fourth quarter say on track to close all financing and lunch construction?

Harry the syndicate agreed informally some months ago to trigger closing procedures…June umbrella agreement..both banks able to deal on same conditions it was an important break through with the government..

Between now and October a series of list to work through…bank docs, insurances. All formalities needed to launch 300 million dollar project

Security is fine on site but elsewhere more challenging as can block transport routes…but everyone is working hard to proceed…

Tayaramecanici you were trying to persuade everyone to not talk about Saudi the other day now what's next you are only allowed to talk about Saudi?

Kefi will obviously switch focus between both countries and its different prospects at different times. Shareholders have been less focused on Saudi as things have been going a very smoothly there and TK was the main bet to really launch kefi.

Now either JQ or TK can really launch the company it may mean (shock horror) concentrating on more than one thing!

Thanks P79u.

https://www.kefi-minerals.com/files/files/WHI-KEFI-Note-12July22.pdf

"We look to unrisk our fair value on completion of key milestones, a fair value which we currently set at 5.4p/sh, and which holds no value for today’s newly awarded gold licences."

Think that's kind of a modest shareprice really.

Guess the company has been slightly busy recently but could do with a webinar and question and answer session just so everyone can get their head around recent developments.

Maybe get a Geo in or someone other than Harry to walk people through the Saudi prospects as they have not gotten enough attention over the last couple of years and it looks like that is where most of Kefi's future revenue is going to come from.

hxxps://www.asktraders.com/analysis/the-kefi-gold-and-copper-kefi-share-price-surged-22-3-heres-why/

KEFI also revealed that it is in discussions with the Deputy Minister for Mineral Resources about the Jibal Qutman Project, which it expects to be resolved during the current quarter.

https://www.arabnews.com/node/2066186/business-economy Khalid Al-Mudaifer

https://www.kefi-minerals.com/projects/saudi-arabia/jibal-qutman

Combined with the potential for development loans for up to 75% of capex requirements,

The HL approach has the advantages of speeding up the potential development timetable and lowering capital requirements to potentially as little as $3 million for KEFI’s equity contribution to initial development costs.

Small change to develop JQ that’s why its so important can be the cash cow that opens up everything else and can be up and running at the same time or before TK.

https://www.sidf.gov.sa/en/ServicesforInvestors/Sectors/Pages/Mining.aspx

JQ will get fast tracked lot of work done already on it and can get SIDF loans from KSA to cover most of the costs this will cover everything else.

"At Jibal Qutman, developments are particularly encouraging and should allow for a fast-track development schedule, targeting near term gold production"

"The award of the exploration licences, which contain known high-grade gold occurrences provides an exciting opportunity to make further discoveries at a time where the country is focused on developing its mineral resources."

"USGS mapping also rediscovered the ancient ruins of the Umm Adher gold mine," Nice.

No mining company is going to give a daily commentary. Resource at TK has not shrunk. Most revenue will from the KSA and is already bigger than TK. JQ in KSA may well be in production before TK and would totally open things up and de risk the shares. Do not need this at 2.4 pence before the end of July though that would be nice.

Cherryburn think Australia has a few mines left but lots of other mining companies chasing decreasing prospects while in the Arabian Nubian shield some similar geology, walk up and drill targets and you must have missed Harrys famous catchphrase "first Cab of the Rank" harry does not do Uber ;)

Chalice actually explored on the Arabian Nubian shield in Eritrea

https://chalicemining.com/sites/default/files/asx-announcements/6576622.pdf

And looks like another massive discovery.

https://www.northernminer.com/subscribe-login/?id=1003842042

Arabian Nubian shield is massively under explored though, not because people are lazy but conditions had to be right. Ethiopia is not the easiest place to get a mine going and in Saudi they were more interested in their oil.

If its possible to mine in Eritrea its possible to mine in Ethiopia and Saudi.

Joking apart with the desire for instant news reporters often have not really got time to research much background to stories. Saying that with a medical story you might get a quote from a doctor on a political story a political expert with mining of the scale that kefi has planned (non artisanal) not likely to be many experts that the paper can call on in Ethiopia due to lack of that kind of mining sector in the country. Probably the nearest thing is the people that work for kefi.

Next you will be asking for politicians to be in charge of things they understand.

https://www.artar.com.sa/

http://gmco.com.sa/

Old news really technical aspects likely to be over the head of the reporter.

https://www.youtube.com/watch?v=oY8nBKXLyqQ

https://www.kefi-minerals.com/projects/saudi-arabia