Kefi Gold and Copper - Tulu Kapi Project Update

KEFI Gold and Copper

13/05/2025 12:03

RNS Number : 4817I

Kefi Gold and Copper PLC

13 May 2025

 

13 May 2025

KEFI Gold and Copper plc

 

("KEFI" or the "Company")

 

Tulu Kapi Project Update

 

KEFI (AIM: KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield, is pleased to report, further to the Company's announcement on 6 May 2025, that the Ethiopian Parliament has today formally ratified Ethiopian Country Membership for Africa Finance Corporation ("AFC").

 

AFC is one of KEFI's co-lenders for the Tulu Kapi Gold Project ("Tulu Kapi" or the "Project").  Country Membership was a critical condition precedent for AFC's participation in the Project financing alongside Eastern and Southern African Trade and Development Bank (TDB), which already has Ethiopian Country Membership.

 

Following AFC being formally granted Ethiopian Country Membership, KEFI will now continue with the remainder of the scheduled Project launch steps, as pre-agreed with the Ethiopian Government and the Project syndicate.

 

KEFI Gold and Copper plc
Harry Anagnostaras-Adams (Executive Chairman)
+357 99457843
John Leach (Finance Director)
+357 99208130
SP Angel Corporate Finance LLP (Nominated Adviser)
+44 (0) 20 3470 0470
Jeff Keating, Adam Cowl
Tavira Financial Limited (UK Lead Broker)
+44 (0) 207100 5100
Oliver Stansfield, Jonathan Evans
IFC Advisory Ltd (UK Financial PR)
+44 (0) 20 3934 6630
Tim Metcalfe, Florence Staton
3PPB LLC (North American Financial PR)
Patrick Chidley
+1 (917) 991 7701
Paul Durham
+1-203-940-2538

 

Notes to Editor

 

KEFI Gold and Copper plc

 

KEFI is focused primarily on the development of the Tulu Kapi Gold Project in Ethiopia and its pipeline of highly prospective exploration projects in the Arabian-Nubian Shield. KEFI targets that production at Tulu Kapi will generate cash flows for capital repayments, further exploration and dividends to shareholders.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
UPDFLFILELIVLIE