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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Shefa Gems Ltd | LSE:SEFA | London | Ordinary Share | IL0011101057 | ORD NIS0.10 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.142 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Retail Stores, Nec | 5.35M | -12.3M | -0.0053 | -286.79 | 3.54B |
From Apr 2019 to Apr 2024
TIDMSEFA
RNS Number : 1556G
Shefa Yamim (A.T.M.) Ltd
28 February 2018
B"H
28 February 2018
Shefa Yamim (A.T.M.) Ltd
("Shefa Yamim" or the "Company")
Kishon Mid-Reach Project Operational Update
Shefa Yamim (LSE: SEFA), a precious stones exploration company in Northern Israel, today announces an operational update with respect to improvements made at its operational site in Akko, Israel.
The Company is on track to increase processing capacity from 30 tonnes per day to 50 tonnes per day following a number of successful upgrades at its site in Akko. Three new pumps to maximise the volume of water entering the machine and two new plants to dry the material have been ordered and will be placed in the scrubber. The scrubber will reduce the time it takes to wash the material gathered from the bulk sample significantly and will increase productivity.
In addition, a new upgraded jigging system which can separate fractions of gravel at 8-25 mm is in place. Shefa Yamim now has two lines of jigging at its operational site, one for fractions 8-25mm and one for fractions 0-8mm.
These jigging lines can operate simultaneously and sift the bulk sampling automatically to produce concentrate with more specific dimensions. As a result, the pickers, when presented with the jigged material, can search the fraction for gemstones visually rather than manually. This upgrade will save both time and costs for the Company, while also increasing efficiency.
Avi Taub, CEO of Shefa Yamim, said: "Shefa Yamim used the proceeds of the funds raised at the IPO to implement significant upgrades across all its operations. The changes have allowed us to automate some of the functions we were previously doing manually, making us more efficient and ensuring that we advance the Kishon Mid-Reach project in a timely fashion. We look forward to updating the market in due course."
Enquiries
Shefa Yamim (A.T. M.) Ltd --------------------------------- ----------------- Avi Taub, Chief Executive Officer +44 20 7618 9100 --------------------------------- ----------------- VSA Capital Limited - Financial Adviser and Broker --------------------------------- ----------------- Andrew Raca, Stephanie Jury +44 20 3005 5000 --------------------------------- ----------------- Luther Pendragon --------------------------------- ----------------- Harry Chathli, Ana Ribeiro, Alexis Gore +44 20 7618 9100 --------------------------------- -----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDSEFESWFASEDE
(END) Dow Jones Newswires
February 28, 2018 02:01 ET (07:01 GMT)
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