KEFI Gold and Copper PLC announced Monday that it is committed to remain on track for its project of Tulu Kapi in Ethiopia to be in operation by 2026.
Things in Ethiopia’s mining industry are improving, said Harry Adams, Chief CEO, hinting his company’s plan to launch the start of operation by 2025.
KEFI Gold and Copper is focused primarily on developing the advanced Tulu Kapi Gold Project in Ethiopia.
Tulu Kapi has a Probable Ore Reserve of 1.05 million ounces and Mineral Resources totaling 1.7 million ounces. Planned gold production at Tulu Kapi is forecasted to be 140,000 ounces per annum at an All-in Sustaining Cost of circa USD800-900/ounce over the initial seven years of mining the open pit.
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.