KEFI Gold and Copper plc (LON:KEFI), the gold and copper exploration and development company, has provided an update on project launch preparation activities at the high-grade Tulu Kapi Gold Project in Ethiopia following several days of meetings with senior representatives of the Tulu Kapi stakeholders at Mining Indaba 2024 in Cape Town, South Africa.
Project Launch Update
As previously reported, the three critical conditions precedent set by the Project lenders were formally achieved in October 2023 (see announcement dated 5 October 2023). This led to final credit committee approval by the lead-lender (see announcement dated 10 January 2024).
The Company can now report that all the other parties in the funding syndicate, have advised they will this month go to their respective committees to approve the proposed transaction.