---
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"
date: 2026-01-06
canonical: "https://www.share-talk.com/kefi-gold-and-copper-plc-aim-kefi-launches-340m-funded-tulu-kapi-gold-project/"
category: "Mining"
categories: ["Mining"]
tags: ["COPPER", "Gold", "Harry Adams", "Harry Anagnostaras-Adams", "Hawiah", "John Leach", "KEFI", "Kefi Gold and Copper", "Saudi Arabia"]
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"
---

# KEFI Gold and Copper PLC (AIM: KEFI) launches $340m-funded Tulu Kapi gold project

**Published:** January 6, 2026
**Author:** sharetalk
**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)

---

[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.

The 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.

Construction 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.

Away 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.

With 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.

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**Original URL:** https://www.share-talk.com/kefi-gold-and-copper-plc-aim-kefi-launches-340m-funded-tulu-kapi-gold-project/
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