#KEFI Gold & Copper – Tulu Kapi project finance update, notes “progressing well”
- 2025-03-11 07:52:57
UK 03:00 Thursday, 15 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Kefi Gold & Copper (KEFI) has issued a “Increases to Mineral Resource Estimates at Hawiah”-titled announcement including that “the recently granted Umm Hijlan Exploration Licence, adjoining the original Hawiah EL which hosts the MRE reported herein, has already been demonstrated to contain the southern strike continuation of the main Hawiah volcanic massive sulphide system” and that it “is continuing to progress the strategic review of its GMCO holding… has made it clear that the priority for its capital is to now optimise shareholder value via majority-owned projects”. With Hawiah part of the company’s currently just 15%-owned GMCO venture in Saudi Arabia, this latest news further useful for an upcoming monetisation of the venture by Kefi?
Kefi Gold & Copper (KEFI) has announced via RNS that it “is pleased to provide an update on the progress of the full project launch process for the Tulu Kapi gold project in Ethiopia”. That is with funding formalities of confirmations underway meaning final definitive documentation is on track to be ready for signing by the end of March. That is a major catalyst for share price gains within two months, if you believe in Kefi that is.
Kefi Gold & Copper (KEFI) has announced an updated presentation “to facilitate discussions” at the Future Minerals Forum in Riyadh, Saudi Arabia during next week and, with we recently noting potential catalysts news flow “over the coming weeks”, further good news?
Kefi Gold & Copper (KEFI) has issued a “Result of GM” announcement including that all of its General Meeting resolutions were passed but also from its boss Harry Adams a statement including “the full funding package for the Tulu Kapi Gold Project to close this quarter” and “look forward to updating shareholders over the coming weeks with our progress with respect to financial close and preparation of Major Works, as well as other potential developments on KEFI's other assets”. That should be very good news from a current 0.495p share price, £39.5 million market cap.
The convicted felon is, of course, Charlie Gibson or, to you peasants out there, the esteemed Lord Ashbourne. Now no longer wearing an ankle bracelet after that unfortunate incident with the drink driving, the firearm and the cop, Charlie plies his trade at Edison, a company paid to publish bullish research reports. Without questioning the independence and integrity of Charlie, he who pays the piper, etc, etc. His latest research note is on Kefi Gold & Copper (KEFI) and it reads:
Kefi Gold & Copper (KEFI) has issued an update on its joint venture in Saudi Arabia, including that it is set to accept dilution to 15% from 25% to remove its outstanding exploration liabilities and that “strategic review” options being evaluated include the potential sale of its residual shareholding. What about this from a 0.60p share price, £36.4 million market cap, valuation of Kefi?
Kefi Gold & Copper (KEFI) has announced increased proposed banks loan facilities for its Tulu Kapi gold project in Ethiopia from $190 million to $240 million and that it is “targeting finalisation of… formal approvals and of definitive detailed documentation this quarter”. What of this news from 0.60p to buy the shares?
I have a dream that one day Kefi (KEFI) will be taken over. Not so much as this will enrich me personally, in a modest way, but because I will no longer be swamped by emails from folks wetting their knickers at the slightest provocation. Today comes this gem:
Kefi Gold & Copper (KEFI) has announced its first half of 2024 results, including emphasising that it remains on track with its flagship Tulu Kapi gold project in Ethiopia and “to finalise second bank credit approval, sign the definitive detailed financing agreements, drawdown the equity funding and then launch Major Works - all targeted within Q4”. We suggest that means significant upside potential from a current 0.60p offer price, below £37 million market cap, before even considering continuing Saudi Arabia joint venture progress.
Kefi Gold & Copper (KEFI) states that it “is pleased to provide a short operational update encompassing the recent activities with respect to the company's Tulu Kapi gold project” in Ethiopia. What of the update though, with the shares currently responding slightly lower to 0.615p?
