Corporate Member

London-listed company KEFI Gold and Copper plc (AIM: KEFI) is building the Tulu Kapi Gold Mine in Ethiopia, which is expected to start production in 2028 at an average production rate of 166,000oz of gold annually,

Strong Economics at the Tulu Kapi Gold Project : Tulu Kapi is set to benefit from low operating costs (est. AISC of ~US$1114-1254/oz) driven by an open pit gold grade of over 2g/t - one of the highest grade open pit African gold projects. At a gold price of US$3000/oz, Tulu Kapi should generate over US$350 million in annual EBITDA at least during its first 3 years.

Additional value : KEFI is also advancing a portfolio of other exploration and development projects, focused on gold and copper deposits, elsewhere in the highly prospective Arabian-Nubian Shield. These include its holdings in the GMCO JV, which is developing two of Saudi Arabia's most advanced stage gold and copper projects, which hold a combined 3.8moz gold equivalent in total resources.

Attractively priced : KEFI's market cap is currently ~US$106million.

Website for more information : www.kefi-goldandcopper.com