KEFI Gold and Copper PLC (LSE:KEFI) has completed initial preparatory works at its Tulu Kapi Gold Project in Ethiopia, setting the stage for full-scale development. The company has revised its financing strategy and updated its financial model, with key project agreements expected to be finalized this month. Full financial close is targeted for September 2025, marking a major achievement for KEFI as it secures a $240 million funding package. This development represents a pioneering milestone, as Tulu Kapi is among Ethiopia’s first large-scale gold mining projects.
About KEFI Gold and Copper PLC
KEFI Gold and Copper PLC focuses on gold and copper exploration and development within the Arabian-Nubian Shield region, operating projects primarily in Ethiopia and Saudi Arabia. The company aims to advance high-potential mineral assets towards production while creating value for shareholders.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Leave a Reply