KEFI Gold and Copper plc (LSE:KEFI) has made notable strides with its Tulu Kapi Gold Project in Ethiopia, successfully meeting critical milestones to move forward with project initiation and progressing financing efforts. The company targets to begin gold production by 2027, anticipating a first-year net operating cash flow of around $300 million. Meanwhile, in Saudi Arabia, KEFI’s joint venture, Gold and Minerals Limited, has expanded both its mineral resource base and exploration territory, aiming to evolve into a self-sustaining exploration entity. Positioned strategically, KEFI seeks to significantly boost gold output across its projects in both nations.
About KEFI Minerals
KEFI Gold and Copper plc specializes in the exploration and development of gold and copper assets, with core projects in Ethiopia and Saudi Arabia. Its portfolio includes the Tulu Kapi Gold Project and JV projects in Saudi Arabia such as Jibal Qutman and the Hawiah copper and gold project.
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