Overview of KEFI Gold and Copper
- KEFI operates in the Arabian-Nubian Shield with key projects in Saudi Arabia and Ethiopia.
- The company aims to develop its discoveries in regions with growing mining potential.
Saudi Arabia Projects
- Hawiah Project: A copper-gold-zinc-silver discovery with a mineral resource of 29Mt and ongoing development studies. Production is targeted for 2027.
- Jibal Qutman Project: A gold-focused project with a resource of 0.7Moz and feasibility studies in progress for initial production while continuing exploration.
Ethiopian Projects
- Tulu Kapi Gold Mine:
- Shovel-ready project with a high-grade reserve of 1Moz within 1.7Moz resources.
- Financing of $320M is nearing completion, with production targeted for 2026–2027.
- Planned production capacity: 135Koz/year initially, scaling to 179Koz/year with underground mining.
- Exploration for critical materials like copper, nickel, cobalt, and lithium is underway in Ethiopia.
Financial and Corporate Highlights
- Market capitalisation of £38M ($48M) with high potential returns based on the project’s valuation.
- Equity and debt financing are aligned to support project developments.
Corporate Social Responsibility (CSR)
- Resettlement and compensation initiatives comply with international standards.
- Social development efforts are supported through the Tulu Kapi Charitable Endowment.
Strategic Insights
- KEFI views Ethiopia as a promising mining destination, supported by government reforms, improved infrastructure, and international funding commitments.
- Strong alliances and the company’s strategic position in the Arabian-Nubian Shield enable long-term growth.
