REG - Kefi Gold and Copper - Tulu Kapi Gold Project Update

KEFI Gold and CopperAnnouncement

12/09/2023 07:00

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RNS Number : 0809M  Kefi Gold and Copper PLC  12 September 2023

12 September 2023

KEFI Gold and Copper plc

("KEFI" or the "Company")

Tulu Kapi Gold Project Update

Rapid Responses by the Ethiopian Government

KEFI Gold and Copper Plc (AIM: KEFI) is pleased to report a number of
important outcomes from last week's Tulu Kapi Gold Project (the "Project")
preparation meetings as referenced in the Company's announcement on 5
September 2023:

·    Ethiopian Capital Controls: the National Bank of Ethiopia ("NBE", the
Ethiopian Central Bank) proclaimed and published a new NBE Directive on 8
September 2023 which satisfies the requests made to ensure conformity with the
specific Project details. This was one of the final action points remaining to
enable completion of the Tulu Kapi Project financing package;

·    Other Ethiopian Government confirmations have been received. Formal
approval of the updated Environmental and Social Impact Assessment has been
received, facilitated by the Ethiopian Ministry of Mines, together with the
requested updated completion schedules by the electricity and roads
authorities for offsite infrastructure. Only documentation and administrative
matters remain; and

·    Security to facilitate next steps in the field and to ensure
continuing stability is being addressed.

Further announcements will be made in due course as the Company remains on
track for Project launch in Q4 2023.

Enquiries

 

 KEFI Gold and Copper plc
 Harry Anagnostaras-Adams (Managing Director)        +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 Securities Limited (Lead Broker)             +44 (0) 20 7100 5100
 Oliver Stansfield, Jonathan Evans

 IFC Advisory Ltd (Financial PR and IR)              +44 (0) 20 3934 6630
 Tim Metcalfe, Florence Chandler

 3PPB LLC International (Institutional IR)
 Patrick Chidley                                     +1 (917) 991 7701
 Paul Durham                                         +1 (203) 940 2538

 

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