Aim-listed Kefi Gold and Copper has achieved further positive developments at its high-grade Tulu Kapi gold project in Ethiopia, as it prepares for full launch in the first half of this year.
As previously reported, all of the required development budget of $320-million has been sourced at the subsidiary level.
Following the final approvals from the lead bank, all other parties triggered their formal approval processes which are now all advancing, notably including progress with both the co-lending bank and the local equity investors.
London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.
