Kefi Gold and Copper PLC Tulu Kapi Gold Project Update (0809M)
September 12 2023 - 2:00AM
UK Regulatory
TIDMKEFI
RNS Number : 0809M
Kefi Gold and Copper PLC
12 September 2023
12 September 2023
KEFI Gold and Copper plc
("KEFI" or the "Company")
Tulu Kapi Gold Project Update
Rapid Responses by the Ethiopian Government
KEFI Gold and Copper Plc (AIM: KEFI) is pleased to report a
number of important outcomes from last week's Tulu Kapi Gold
Project (the "Project") preparation meetings as referenced in the
Company's announcement on 5 September 2023:
-- Ethiopian Capital Controls: the National Bank of Ethiopia
("NBE", the Ethiopian Central Bank) proclaimed and published a new
NBE Directive on 8 September 2023 which satisfies the requests made
to ensure conformity with the specific Project details. This was
one of the final action points remaining to enable completion of
the Tulu Kapi Project financing package;
-- Other Ethiopian Government confirmations have been received.
Formal approval of the updated Environmental and Social Impact
Assessment has been received, facilitated by the Ethiopian Ministry
of Mines, together with the requested updated completion schedules
by the electricity and roads authorities for offsite
infrastructure. Only documentation and administrative matters
remain; and
-- Security to facilitate next steps in the field and to ensure
continuing stability is being addressed.
Further announcements will be made in due course as the Company
remains on track for Project launch in Q4 2023.
Enquiries
KEFI Gold and Copper plc
Harry Anagnostaras-Adams (Managing Director) +357 99457843
John Leach (Finance Director) +357 99208130
SP Angel Corporate Finance LLP (Nominated
Adviser) +44 (0) 20 3470 0470
Jeff Keating, Adam Cowl
Tavira Securities Limited (Lead Broker) +44 (0) 20 7100 5100
Oliver Stansfield, Jonathan Evans
IFC Advisory Ltd (Financial PR and IR) +44 (0) 20 3934 6630
Tim Metcalfe, Florence Chandler
3PPB LLC International (Institutional IR)
Patrick Chidley +1 (917) 991 7701
Paul Durham + 1 (203) 940 2538
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