KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) chairman Harry Adams said broader major works are set to start shortly at its Tulu Kapi development project in Ethiopia.
Adams added that the remaining US$30 million of equity finance for the Tulu Kapi project is being finalised with certain Middle Eastern and other sectoral investors.
Exploration at tantalum/lithium and copper/nickel/cobalt targets elsewhere in Ethiopia will also get underway following the award of the Konso Project in December 2024.
"At the same time there is significant interest in our 15%-owned GMCO JV in Saudi Arabia, currently under strategic review, and we look forward to further discussions during the Future Minerals Forum in Riyadh next week, “ Adams said.
"In short, we have a number of highly attractive opportunities before us and we are focused on the full launch of Tulu Kapi Gold Project, as well as finalising our other priority projects and alliances for the next stage."