KEFI Gold and Copper plc
KEFI.L
London Stock Exchange1.02
GBp
+0.00
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KEFI Gold and Copper plc
KEFI.L
(London Stock Exchange)
Recent
price
1.02
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- KEFI Gold and Copper Plc is a London-listed exploration and development company focused on gold and copper deposits in the Arabian-Nubian Shield, primarily advancing the Tulu Kapi Gold Project in Ethiopia's Oromia Region, which holds a Probable Ore Reserve of 1.05 million ounces and Mineral Resources of 1.7 million ounces, targeting annual production of 140,000 ounces at an All-in Sustaining Cost of US$800-900 per ounce over the initial seven-year open-pit phase; the Hawiah Copper-Gold-Zinc-Silver Project and Jibal Qutman Gold Project in Saudi Arabia, both at feasibility stage with delineated resources; and a portfolio of exploration licenses for gold, copper, zinc, silver, and critical metals in Ethiopia and Saudi Arabia. Founded in 2006 as a spin-off from Atalaya Mining Plc and formerly known as KEFI Minerals Plc until its name change in August 2020, the company is headquartered in London with key operations managed from Nicosia, Cyprus, and maintains joint ventures including Gold and Minerals Co. Limited (GMCO) with Abdul Rahman Saad Al Rashid and Sons Company Limited (ARTAR) in Saudi Arabia, where KEFI holds a 15% interest, and Tulu Kapi Gold Mines S.C. (TKGM) in Ethiopia, 95% beneficially owned through subsidiaries. Recent developments include the signing of a US$240 million debt facility with international co-lenders in late 2024 to fund the US$340 million Tulu Kapi project alongside US$100 million in equity, the launch of early works such as access roads and community resettlement in September 2024, a capital raise of up to £10.6 million in December 2024, award of an exploration license for critical metals in Ethiopia in December 2024, strategic review of the Saudi joint venture in November 2024, and substantial drilling confirming Hawiah resource potential in May 2024.