KEFI Gold and Copper Says It’s “A Great Time” to Trigger Development of Tulu Kapi Gold Mine

KEFI Gold and Copper PLC (AIM: KEFI, OTC: KFFLF) has provided a detailed corporate strategy update following the full launch of its Tulu Kapi Gold Project in Ethiopia, underlining a number of recent key milestones in the past month. The company confirmed it has secured the final contracting packages, covering total capital expenditure and over 50% of the seven‑year operating costs through mining services and electricity supply agreements. Lycopodium has commenced work as the lead design and construction contractor for the process plant and on‑site infrastructure, while site activities such as power connection and access road construction have intensified. KEFI also revealed that its development finance package now totals US $340 million — including US $240 million in debt, US $100 million in equity, US $60 million allocated for a mining fleet under a services agreement, and US $30 million in non‑dilutive capital for contingencies and growth. Executive chairman Harry Anagnostaras‑Adams said the project — developed amid a challenging geopolitical environment — is now positioned for execution with strong strategic partners and financiers. KEFI expects commissioning in late 2027, with full production beginning in 2028, and lenders’ approval of remaining equity documentation is imminent. #KEFIGoldAndCopper #TuluKapiGoldProject #MiningDevelopment #Ethiopia #SlimScan #GrowthStocks #CANSLIM