KEFI Gold and Copper Welcomes New Partner to Tulu Kapi Project

PUBLISHED: 28 Apr 2025 @ 18:05 | Comments (0) | More info about Fiona Craig

KEFI Gold and Copper plc (LSE:KEFI) has announced that BCM Group has joined the Tulu Kapi Gold Project syndicate, taking on the role of Preferred Mining Contractor. This addition secures full coverage of the project’s development budget through a combination of equity and debt funding, strengthening KEFI’s position as it moves toward full project financing. The agreement with BCM also relieves pressure on KEFI to divest its Saudi Arabian assets, enabling the company to continue strategic negotiations to maximize their value. With major construction activities at Tulu Kapi expected to commence shortly, KEFI is optimistic about the project’s strong financial prospects based on prevailing gold prices. Meanwhile, its Saudi Arabian joint venture continues to advance exploration and development initiatives.

About KEFI Gold and Copper

KEFI Gold and Copper plc specializes in the exploration and development of gold and copper resources, primarily within the Arabian-Nubian Shield. The company’s flagship project is the Tulu Kapi Gold Project in Ethiopia, complemented by a growing portfolio of exploration ventures in the region. KEFI aims to generate cash flow for debt repayment, further exploration, and future dividends to shareholders.

Year-to-Date Price Performance: +4.83%
Average Daily Trading Volume: 41,119,319 shares
Technical Sentiment Indicator: Buy
Current Market Capitalization: £39.86 million

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