KEFI Accelerates Tulu Kapi Build-Out and Sharpens Saudi Strategy in Bid for Rerating

KEFI Minerals ( (GB:KEFI) ) has shared an update.

KEFI Gold and Copper has confirmed the full launch and detailed development plan for its flagship Tulu Kapi gold project in Ethiopia, activating EPC and mining contracts, ramping up site works with national power and roads authorities, and assembling a US$430 million funding package including debt, equity, mining fleet financing and non‑dilutive capital, with commissioning targeted for late 2027 and full production in 2028. The company’s strategic review underscores Tulu Kapi as the core near-term value driver while highlighting the growing importance of its Saudi joint venture GMCO—where resources were expanded, new licences won and a joint venture with Hancock Prospecting secured—supporting KEFI’s ambition to transform its US$100 million historic investment into a diversified portfolio of producing assets, enhance its valuation relative to project NPVs at current gold prices, and ultimately justify a move from AIM to the London Stock Exchange’s Main Market.

The most recent analyst rating on (GB:KEFI) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on KEFI Minerals stock, see the GB:KEFI Stock Forecast page.

Spark’s Take on GB:KEFI Stock

According to Spark, TipRanks’ AI Analyst, GB:KEFI is a Neutral.

The score is held down primarily by very weak financial performance (no revenue, ongoing losses, and sustained cash burn) and bearish technical signals (below short-term moving averages with negative MACD and low RSI). A low-leverage balance sheet provides some support, but valuation remains unattractive due to continued unprofitability and no stated dividend yield.

To see Spark’s full report on GB:KEFI stock, click here.

More about KEFI Minerals

KEFI Gold and Copper plc is a gold and copper exploration and development company focused on the Arabian-Nubian Shield, with a portfolio of advanced and exploration-stage assets in Ethiopia and Saudi Arabia. Its primary projects include the high-grade Tulu Kapi gold project in Ethiopia, and, via its minority stake in joint venture GMCO in Saudi Arabia, the Jibal Qutman gold deposit and the Hawiah polymetallic (copper-gold-zinc-silver) volcanogenic massive sulphide project, positioning the company in emerging mining jurisdictions undergoing rapid sector growth.

Average Trading Volume: 73,490,105

Technical Sentiment Signal: Buy

Current Market Cap: £142.9M

For detailed information about KEFI stock, go to TipRanks’ Stock Analysis page.