KEFI Gold and Copper Advances Tulu Kapi Project Towards Launch

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

KEFI Gold and Copper plc has made significant progress in preparing for the full launch of the Tulu Kapi Gold Project in Ethiopia, with key developments including property surveys for resettlement, construction of initial site facilities, and the installation of operational management. The company is optimizing its finance plan to meet a US$300 million capital requirement, with funding strategies including issuing ‘EthioPrefs’ and selling a stake in a joint venture in Saudi Arabia. The project is expected to produce an average of 167,000 oz of gold annually over seven years, generating substantial cash flow for shareholders.

More about KEFI Minerals

KEFI Gold and Copper plc is a company focused on the exploration and development of gold and copper resources, primarily in the Arabian-Nubian Shield. Its main project is the Tulu Kapi Gold Project in Ethiopia, which is expected to generate significant cash flows for capital repayments, further exploration, and dividends to shareholders.

YTD Price Performance: 2.92%

Average Trading Volume: 36,466,640

Technical Sentiment Signal: Strong Buy

Current Market Cap: £40.22M

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