REG - Kefi Gold and Copper - Tulu Kapi Project Update

KEFI Gold and CopperAnnouncement

Tue 12:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250513:nRSM4817Ia&default-theme=true

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) 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.

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDFLFILELIVLIE