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

KEFI Gold and CopperAnnouncement

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RNS Number : 0654D  Kefi Gold and Copper PLC  13 October 2025

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

13 October 2025

KEFI Gold and Copper plc

("KEFI" or the "Company")

Tulu Kapi Gold Project Update

KEFI (AIM: KEFI) reports that the signing of the US$240 million Tulu Kapi Gold
Project (the "Project") debt capital offering is now expected to take place
this week. This follows a procedural matter, now resolved, that was required
to be addressed by one syndicate party last week.

The overall process remains unchanged from the steps and schedule previously
set out, with various construction projects already underway and advancing as
part of the sequenced launch this month of the full US$340 million Project,
and with Project equity capital arrangements advancing. The Company has unused
working capital resources and undrawn facilities in place pending drawdown of
full Project finance.

A further announcement will be made as soon as appropriate.

KEFI Executive Chairman, Harry Anagnostaras-Adams, commented: "The process for
full launch of Tulu Kapi continues intensely on all fronts with all parties,
with all steps remaining scheduled for this month and next in accordance with
the Tulu Kapi Project syndicate's agreed schedule.

"With the gold price at a record high this is the perfect time to be launching
Tulu Kapi and I look forward to providing a further update in the near term."

Enquiries

 

 KEFI Gold and Copper plc
 Harry Anagnostaras-Adams (Executive Chairman)       +357 2225 6161
 John Leach (Finance Director)
 SP Angel Corporate Finance LLP (Nominated Adviser)  +44 (0) 20 3470 0470
 Jeff Keating, Adam Cowl
 Tavira Financial 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 Staton
 3PPB LLC (North American Institutional IR)
 Patrick Chidley                                     +1 (917) 991 7701
 Paul Durham                                         +1-203-940-2538

 

Further information can be viewed at https://www.kefi-goldandcopper.com
(https://www.kefi-goldandcopper.com/)

 

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