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KEFI Minerals ( (GB:KEFI) ) has shared an update.
KEFI Gold and Copper PLC announced significant progress in its Tulu Kapi Gold Project, with plans to commence full development in October 2025. The project financing includes a US$340 million budget, with US$240 million in debt and US$100 million in equity risk capital, supported by local and regional investors. In Saudi Arabia, the company has made substantial upgrades to its mineral resource estimates for the Hawiah and Jibal Qutman projects, indicating strong development potential. These advancements position KEFI as a key player in the gold and copper mining sectors in Ethiopia and Saudi Arabia, with implications for increased production and economic contributions to these regions.
More about KEFI Minerals
KEFI Gold and Copper PLC is a gold exploration and development company with projects primarily located in the Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia. The company focuses on developing gold and copper resources, with significant projects including the Tulu Kapi Gold Project in Ethiopia and several mineral resource projects in Saudi Arabia.
Average Trading Volume: 55,070,725
Technical Sentiment Signal: Buy
Current Market Cap: £89.88M
For an in-depth examination of KEFI stock, go to TipRanks’ Overview page.