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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDEANNFFDADEFA

(END) Dow Jones Newswires

September 12, 2023 02:00 ET (06:00 GMT)

Kefi Gold And Copper (LSE:KEFI)
Historical Stock Chart
Von Apr 2024 bis Mai 2024 Click Here for more Kefi Gold And Copper Charts.
Kefi Gold And Copper (LSE:KEFI)
Historical Stock Chart
Von Mai 2023 bis Mai 2024 Click Here for more Kefi Gold And Copper Charts.