KEFI Gold and Copper PLC (LSE:KEFI) has confirmed that full development of its Tulu Kapi Gold Project in Ethiopia is scheduled to begin by the end of 2025. The project’s budget has been finalised at roughly US$340 million, with US$240 million already secured through debt facilities and equity commitments surpassing the remaining US$100 million requirement. KEFI is now working to refine its equity structure, complete the necessary financing documentation, and continue engagement with both international partners and local stakeholders. Early development work—including community housing and infrastructure installations—is set to commence as part of the project’s ramp-up, which is expected to contribute meaningfully to Ethiopia’s growing minerals sector.
More about KEFI Gold and Copper
KEFI Gold and Copper PLC is focused on exploring and developing gold and copper deposits across the Arabian-Nubian Shield. The company manages a portfolio of projects in Ethiopia and Saudi Arabia, with a strategy centered on advancing high-grade, high-recovery assets toward production.
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