KEFI Minerals (GB:KEFI) has released an update.
KEFI Gold and Copper plc, a gold and copper exploration and development company, has announced positive financial results for 2023, with significant progress in its Tulu Kapi project in Ethiopia and expansion in Saudi Arabia. The company is preparing to close a $320 million finance package for the Tulu Kapi project, aiming to start major works in October 2024 and begin gold production by mid-2026. KEFI’s strategy to focus on project-level financing is reinforced by market volatility, positioning it to become a leader in the Arabian-Nubian Shield with production assets starting in 2026.
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