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Kefi reaches Tulu Kapi funding deal

Kefi Minerals’ (LN:KEFI) Tulu Kapi gold project in Ethiopia is a step closer to production after the explorer agreed to borrow US$135 million from Oryx Management, which will operate and own the mine’s infrastructure.

Kefi reaches Tulu Kapi funding deal Kefi reaches Tulu Kapi funding deal Kefi reaches Tulu Kapi funding deal Kefi reaches Tulu Kapi funding deal Kefi reaches Tulu Kapi funding deal

Kefi expanded the life of mine production at Tulu Kapi from 961,000oz to 980,000oz in the May DFS

Tulu Kapi has been on Kefi’s books since 2014 and will cost around $160 million to build.