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KEFI on brink of Tulu Kapi financing

AIM-listed KEFI Gold and Copper expects its flagship Tulu Kapi gold project in Ethiopia to be financed by March this year, with production anticipated in the December quarter of 2022.

KEFI on brink of Tulu Kapi financing KEFI on brink of Tulu Kapi financing KEFI on brink of Tulu Kapi financing KEFI on brink of Tulu Kapi financing KEFI on brink of Tulu Kapi financing

KEFI said it was on track to realise several key milestones at Tulu Kapi in the first half of 2021

A US$253 million finance facility - with $221 million pegged as development capital - was expected to comprise 60% senior debt and 40% equity, and now includes a "standby facility", said the junior.

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