KEFI Gold and Copper Plc (AIM: KEFI) has issued a progress update on its Tulu Kapi Gold Project in Ethiopia, confirming that the company remains on track to launch full project development activities in mid-2025.
The update outlines the completion of several critical milestones, including site preparations, final lender due diligence, and advancing community resettlement procedures. KEFI also confirmed that legal and administrative approvals are nearing completion, with the company working closely with the Ethiopian government and project partners to align on timing.
Executive Chairman Harry Anagnostaras-Adams stated, “The Tulu Kapi Project is now entering a transformative phase. All key stakeholders remain aligned, and we are poised to initiate full development once final administrative processes are concluded. This represents the culmination of many years of hard work and collaboration.”
Once operational, Tulu Kapi is expected to produce approximately 140,000oz of gold per year, significantly boosting Ethiopia’s mineral exports and local economic development.
For more information, visit www.kefi-goldandcopper.com
To read more articles like this, please visit www.theassay.com/news
