{"id":131137,"title":"KEFI Gold and Copper PLC (AIM: KEFI) launches $340m-funded Tulu Kapi gold project","publisher":"Share Talk","author":"sharetalk","published":"2026-01-06T08:49:05+00:00","modified":"2026-01-06T09:14:15+00:00","canonical_url":"https://www.share-talk.com/kefi-gold-and-copper-plc-aim-kefi-launches-340m-funded-tulu-kapi-gold-project/","markdown_url":"https://www.share-talk.com/kefi-gold-and-copper-plc-aim-kefi-launches-340m-funded-tulu-kapi-gold-project.md","json_url":"https://www.share-talk.com/kefi-gold-and-copper-plc-aim-kefi-launches-340m-funded-tulu-kapi-gold-project.json","category":"Mining","categories":["Mining"],"tags":["COPPER","Gold","Harry Adams","Harry Anagnostaras-Adams","Hawiah","John Leach","KEFI","Kefi Gold and Copper","Saudi Arabia"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/01/kefi-6th-jan.webp?fit=1200%2C800&ssl=1","format":"news","language":"en-GB","content":"[KEFI Gold and Copper](https://www.investegate.co.uk/announcement/rns/kefi-gold-and-copper--kefi/corporate-strategy-review-and-update/9334945) has finally pulled the trigger on its long-awaited flagship project, securing a heavyweight funding package that clears the path to production.\n\nThe AIM-listed miner has successfully launched development of the Tulu Kapi Gold Project after lining up a US$340 million blend of debt and equity financing. On top of that, a further US$60 million has been earmarked for the mining fleet, with an additional US$30 million set aside as contingency—giving the project a robust financial cushion from the outset.\n\nConstruction is now moving toward a late-2027 commissioning date, with full-scale production expected in 2028. On KEFI’s numbers, the prize is substantial: at gold prices between US$3,000 and US$5,000 an ounce, the project’s projected net present value to the company ranges from US$710 million to as much as US$1.67 billion.\n\nAway from Ethiopia, progress has also accelerated in Saudi Arabia. KEFI’s joint venture vehicle, GMCO, controls a portfolio of gold and copper assets that the company believes could underpin its next growth phase. Since its IPO, KEFI has invested around US$100 million in exploration and development across its projects, steadily building scale and optionality.\n\nWith development now fully funded and a production timeline in sight, KEFI Gold and Copper PLC has its ambitions firmly set on the next rung of the ladder. The company says it is targeting a move to the Main Market of the London Stock Exchange by 2028—a milestone that would mark its transition from developer to established producer."}