🟡 Headline: KEFI Triggers Full Development of Tulu Kapi Gold Mine Amid Strong Gold Market

KEFI Gold and Copper PLC has officially launched full-scale development of its Tulu Kapi Gold Project in Ethiopia. With key contracts secured for over 50% of operating costs, and a $340M financing package in place, construction is underway as the company capitalizes on a bullish gold market.

Lead contractor Lycopodium begins process plant and infrastructure works.

Financing: $240M debt + $100M equity + $60M mining fleet + $30M non-dilutive capital.

Targeted mine commissioning by late 2027, full production in 2028.

KEFI moves from planning to execution, positioning itself to benefit from high gold prices and operational leverage.

#KEFI #TuluKapi #EthiopiaGold #MiningNews #PreciousMetals $XAU $PAXG

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