KEFI Gold and Copper prioritises Tulu Kapi as flagship development asset

KEFI

KEFI Gold and Copper plc is primarily focused on advancing the Tulu Kapi Gold Project in Ethiopia, which stands as the company’s most important near-term development.

Tulu Kapi is designed as a conventional open-pit gold mine with a planned transition to underground operations. The project has a defined resource base and is intended to deliver initial gold production from surface mining before extending mine life through underground extraction. This phased approach is typical in gold development, allowing earlier cash flow while maximising long-term recovery.

The Ethiopian government is directly involved in the project, both as a supporter and as a beneficiary through taxes, royalties, and local economic activity. Tulu Kapi is seen domestically as a strategic project that could help attract further foreign investment into the mining sector.

Construction readiness is largely in place, pending final financial close. Once funding is secured, the company intends to move quickly into development, with a relatively standard build timeline for an open-pit operation of this scale.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

KEFI appoints Stifel and reports progress at Tulu Kapi

KEFI Gold and Copper has appointed Stifel as financial adviser, joint broker and sponsor for its planned Main Market move, while confirming that key Tulu Kapi development milestones remain on track.

KEFI notes Ethiopia-Cyprus diplomatic progress

KEFI has welcomed the launch of the first Ethiopia-Cyprus political consultations, noting the relevance of stronger bilateral engagement to Ethiopia’s investment landscape.

KEFI Gold and Copper updates on Saudi JV progress and project pipeline

KEFI reports progress on its Saudi joint venture GMCO, including feasibility work at Jibal Qutman, resource expansion at Hawiah, and steps toward independent project financing and valuation of its 13% stake.

KEFI nears funding line as Tulu Kapi moves into delivery phase

KEFI Gold and Copper has brought Tulu Kapi close to full funding after completing two equity raises and securing shareholder approval, shifting the investment case towards execution, timing and delivery as the Ethiopian gold project moves further into development.

KEFI publishes updated presentation with revised Tulu Kapi capital structure

KEFI Gold and Copper has published an updated company presentation on its website, reflecting the finalised Tulu Kapi capital structure after the recent £34 million placing and £0.9 million RetailBook offer, subject to shareholder approval.

Gold recovery sharpens the investor case after March sell-off

Gold is recovering as inflation fears ease, giving investors a clearer reason to look again at the metal after March’s sharp sell-off.

Search