Kefi Gold and Copper Plc (KFFLF)
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KEFI Gold and Copper says Tulu Kapi checks are progressing well
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) told investors that early works at the Tulu Kapi site, in Ethiopia, are progressing well, as the project funding syndicate advances towards an investment approval. The company, in a statement, said that security inspections have been satisfactorily completed, and no further inspections are required by project funding members prior to investment approval.
KEFI Gold expects two Saudi resource updates this year
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said it expects a new mineral resource estimate (MRE) for the Jibal Qutman gold project in Saudi Arabia to be published this quarter and incorporate recent discoveries at Asfingia and Red Hill 2. At Hawiah, also in Saudi, the final stages of a 65,000-metre infill drilling programme are underway, with an update to the MRE expected by year-end 2024.
KEFI Gold gets preliminary approval from second Tulu Kapi lender
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) has received confirmation of preliminary approval for the Tulu Kapi gold mine in Ethiopia from project co-lender African Finance Corporation (AFC). This follows further site visits during July by the co-lenders' security consultants, KEFI said in a statement.
KEFI Gold taking advantage of current gold tailwind, says chairman
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said it is evaluating ways to optimise its Jibal Qutman and Hawiah projects in Saudi Arabia given 'the very positive regulatory support' in the country. Ahead of its AGM Harry Adams, executive chairman, said drilling last year had better defined the known mineral resources at the projects and discovered nearby deposits.
KEFI Gold strengthens board with new non-exec
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said it had appointed Ethiopian businessman Addis Alemayehou as an independent non-executive. Alemayehou, who is based in Ethiopia, is the chairman of Kazana Group, a diversified investment firm and well-known in the country for starting Kana TV, the country's first dubbed television station; Afro FM, Ethiopia's inaugural English-language radio station; and 251 Communications, said KEFI.
KEFI Gold reports good progress with Tulu Kapi ground works
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) says it is making good progress with the early works programme at its Tulu Kapi mine in Ethiopia ahead of the receipt of final approval for full construction to start. The early works programme will run through September 2024 and provide the basis for full financial close and commencement of Major Works in October 2024, ahead of the commissioning of production in mid-2026, according to a statement.
KEFI Gold to consider dual listings on local and other exchanges
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said it is looking at potential dual-listing on local stock exchanges as it projects in Ethiopia and Saudi Arabia move forward. Either KEFI itself or an appropriate other group company might join a larger international stock market for mining or in one of the new and more buoyant stock markets in its region, said a statement alongside its results for 2023.
KEFI jumps 11% as gold price soars and Tulu Kapi launches
KEFI Gold rose another 5% as it formerly launched its Tulu Kapi mine in Ethiopia just as the gold price climbed to a new high of just short of US$2,500. Traders suggested the spike in gold today is linked to concerns following the death of Iran's president in a helicopter crash and the possibility of US rate rises.
KEFI Gold launchces Tulu Kapi gold mine
KEFI said it has formally launched the Tulu Kapi Gold Mines project in Ethiopia after a decision by the board of local subsidiary TKGM, which includes representatives from the Ethiopian Federal and Oromia Regional Governments. “This decision to launch Tulu Kapi follows the deployment of dedicated site policing and the conditional confirmations that quickly ensued from all members of the project's finance syndicate.
