KEFI Gold and Copper’s Flagship Tulu Kapi Gold Project Reaches Major Milestone
In an exclusive interview with Proactive, KEFI Gold and Copper PLC’s (AIM: KEFI, OTC: KFFLF) Executive Chairman, Harry Anagnostaras-Adams, discussed a significant development for the company’s flagship Tulu Kapi gold project located in Ethiopia. This announcement marks a major milestone for KEFI, as Anagnostaras-Adams described it as the most significant since the company decided to focus on the Arabian Nubian Shield in 2008.
Project Overview
The Tulu Kapi gold project is a joint venture between KEFI and the Ethiopian Mines, Petroleum and Bio-Diversity Agency (EMPDA). The project covers an area of 1,100 square kilometers and is situated in the southwestern part of Ethiopia. The Tulu Kapi project is an open-pit gold mine, which is expected to produce an average of 50,000 ounces of gold per annum over an initial mine life of 10 years.
Recent Milestone
KEFI recently announced that it has received the Environmental Protection Authority (EPA) permit for the Tulu Kapi gold project. This permit is a critical step towards the commencement of mining operations. Anagnostaras-Adams stated, “This is a major milestone for us. We have been working on this project for a long time, and we are now at the point where we can actually start mining.”
Impact on KEFI
The receipt of the EPA permit is a significant development for KEFI as it paves the way for the commencement of mining operations at Tulu Kapi. This will lead to increased revenue for the company as gold production begins. Anagnostaras-Adams also mentioned that the company is in discussions with potential off-takers for the gold produced at Tulu Kapi.
Impact on the World
The Tulu Kapi gold project is not only important for KEFI but also for the global gold market. Ethiopia is an emerging gold producer, and the Tulu Kapi project is expected to contribute significantly to the country’s gold production. Anagnostaras-Adams stated, “This project is not just important for KEFI, but it is also important for Ethiopia. It will create jobs and contribute to the country’s economy.”
Future Plans
KEFI is not resting on its laureals. The company has identified several other projects in the Arabian Nubian Shield, and Anagnostaras-Adams mentioned that the company is actively exploring these opportunities. He stated, “We have identified several other projects in the Arabian Nubian Shield, and we are actively exploring these opportunities. We believe that there is significant potential in this region, and we are committed to exploring it.”
- KEFI’s flagship Tulu Kapi gold project in Ethiopia has reached a major milestone with the receipt of the Environmental Protection Authority (EPA) permit.
- This permit paves the way for the commencement of mining operations and is a significant development for KEFI.
- The Tulu Kapi project is expected to contribute significantly to Ethiopia’s gold production and create jobs.
- KEFI is actively exploring other opportunities in the Arabian Nubian Shield.
In conclusion, KEFI Gold and Copper’s receipt of the EPA permit for its flagship Tulu Kapi gold project in Ethiopia is a significant development for the company. This milestone paves the way for the commencement of mining operations and is expected to contribute significantly to Ethiopia’s gold production. KEFI is not resting on its laureals and is actively exploring other opportunities in the Arabian Nubian Shield. This is an exciting time for KEFI, and we look forward to seeing the progress of the Tulu Kapi project and the company’s future endeavors.
KEFI’s commitment to exploring opportunities in the Arabian Nubian Shield is not only important for the company but also for the global gold market. Ethiopia is an emerging gold producer, and the Tulu Kapi project is expected to contribute significantly to the country’s gold production and create jobs. As KEFI continues to explore opportunities in the region, we can expect to see further developments that will benefit both the company and the global gold market.
