KEFI Gold and Copper plc (LON:KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield, with a pipeline of projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, has provided its latest update on the Company’s Tulu Kapi Gold Project in Ethiopia.
The Company is pleased to report that last week it received confirmation from Project co-lender African Finance Corporation Limited (AFC) of its preliminary approval. This follows further site visits during July by the co-lenders’ security consultants. As previously reported, the other co-lender, Eastern and Southern African Trade and Development Bank Ltd’s (TDB) has already granted final approval, which was also ratified by its shareholder-board in February 2024. Final approvals from AFC are expected in the next month or so, as the Project is ratified in line with the co-lender’s internal practices.
