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. Also, Kefi now targets an elevated beneficial interest in the Tulu Kapi Gold Mines Share Company, which holds the project, of 80%. These activities are focused on the Tulu Kapi project launching in mid-2024 for production in mid-2026. “I am delighted with the continuing progress on subsidiary-level project financing for launch in mid-2024 of the high-grade Tulu Kapi gold project, the current mineral resources of which are 1.72-million ounces at 2.65 g/t.

Source: Ethiopian News May 07, 2024 12:52 UTC