KEFI Gold and Copper Secures New Syndicate Member for Tulu Kapi Project

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

KEFI Gold and Copper plc announced the inclusion of BCM Group as a new syndicate member for the Tulu Kapi Gold project, with BCM appointed as the Preferred Mining Contractor. This partnership ensures the project’s development budget is covered by equity and debt commitments, reinforcing KEFI’s confidence in securing full financing. The arrangement with BCM alleviates pressure on KEFI to sell its Saudi Arabian interests, allowing the company to continue discussions to maximize value. The Tulu Kapi project is positioned to launch major works soon, with significant financial projections based on current gold prices, while KEFI’s joint venture in Saudi Arabia progresses with exploration and development plans.

More about KEFI Minerals

KEFI Gold and Copper plc is a company engaged in gold and copper exploration and development, primarily focusing on the Arabian-Nubian Shield. The company is involved in the development of the Tulu Kapi Gold Project in Ethiopia and has a pipeline of exploration projects in the region, aiming to generate cash flows for capital repayments, further exploration, and dividends to shareholders.

YTD Price Performance: 4.83%

Average Trading Volume: 41,119,319

Technical Sentiment Signal: Buy

Current Market Cap: £39.86M

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