REG - Kefi Gold and Copper - Tulu Kapi Project Update

KEFI Gold and CopperAnnouncement

06/05/2025 07:00

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RNS Number : 3465H  Kefi Gold and Copper PLC  06 May 2025

6 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 that the Ethiopian
Council of Ministers has formally approved Ethiopian Country Membership for
Africa Finance Corporation ("AFC"), which is now with the Ethiopian Parliament
for proclamation in legislation.

 

AFC is one of KEFI's co-lenders for the Tulu Kapi Gold Project ("Tulu Kapi" or
the "Project").  Country Membership is 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 this positive development, KEFI will continue with 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) 20 7100 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.

 

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