KEFI Gold and Copper PLC (LSE:KEFI) has reported substantial progress on its Tulu Kapi Gold Project in Ethiopia, with plans to begin full-scale development in October 2025. The project is backed by a US$340 million financing package, comprising US$240 million in debt and US$100 million in equity risk capital, supported by both local and regional investors.
In Saudi Arabia, KEFI has significantly upgraded mineral resource estimates for its Hawiah and Jibal Qutman projects, highlighting strong potential for future development. These advances reinforce KEFI’s position as a prominent player in the gold and copper mining sectors in Ethiopia and Saudi Arabia, with expected increases in production and positive economic impact for the regions.
About KEFI Gold and Copper PLC
KEFI Gold and Copper PLC is a gold exploration and development company with a focus on projects in Ethiopia and Saudi Arabia. Its key assets include the Tulu Kapi Gold Project in Ethiopia and multiple mineral resource projects in Saudi Arabia, with a focus on advancing gold and copper resources toward production.
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