Kefi Gold Set to Launch Tulu Kapi Project in Ethiopia

Kefi Gold and Copper, an AIM-listed company, is making significant strides towards launching its Tulu Kapi gold project in Ethiopia, slated for mid-2024. This project, which is situated in a high-grade gold zone with 1.72 million ounces at 2.65 grams per ton, is poised to become a cornerstone of Ethiopia’s mining sector and a substantial economic contributor.

The company recently updated its progress, indicating that the finance syndicate board processes are on track with final (conditional) approvals expected in May. These approvals are crucial as they pave the way for project initiation, currently scheduled for production commencement in mid-2026. The project’s timeline aligns with a period of renewed positivity in Ethiopia, following a series of challenges in recent years that have affected the broader economic landscape.

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.

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Aim-listed Kefi Gold and Copper has reported good progress, to schedule, at its high-grade Tulu Kapi gold project in Ethiopia. The remaining finance syndicate board processes are on track for final (conditional) approvals during May, while project launch preparations have started at Tulu Kapi. Kefi