VIDEO: Shefa Gems’ James Campbell on the significance of firm’s major prospecting licence renewal (SEFA)

By Patricia Miller


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Thursday saw gemstone mining exploration firm Shefa Gems (LSE:SEFA) announce the renewal of its prospecting licence over the Kishon Mid-Reach Zone 1 project in northern Israel for 12 months.

The licence – which is Shefa’s first – was granted for diamonds, gold, and precious stones over an area of 25.2 hectares. Critically, the renewal will allow the business to apply for a ‘certificate of discovery’ that will provide it with exclusive rights over a mining licence.

In the below video, non-executive director James Campbell explains why the renewal marks a ‘vital step’ towards commercialisation.


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Author: Patricia Miller

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

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