London · Delayed Price · Currency is GBP · Price in GBX KEFI Gold and Copper Earnings Call Transcripts
Fiscal Year 2026
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Tulu Kapi is fully funded and construction has begun, with institutional investors now backing the project. Risk management and governance are being strengthened, and the company is focused on transparent communication and phased community resettlement. Saudi projects continue to progress independently.
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Secured funding and stakeholder alignment enable Tulu Kapi project development, while operational focus is maintained through dedicated teams in Ethiopia and Saudi Arabia. Diversification into three mines reduces risk, and rapid growth supports ambitions to move to the London main market by 2028.
Fiscal Year 2025
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Project execution has shifted to the final contract and certification phase, with financing nearly complete and local as well as institutional investors engaged. Stakeholder alignment, transparent governance, and operational readiness are emphasized, with production ramp-up and future growth opportunities in focus.
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Resource updates at Hawiah and Jibal Qutman signal significant growth potential, reinforcing a leading exploration position in Saudi Arabia. Ethiopia's economic reforms and positive investment climate support ongoing project momentum and financing.
Fiscal Year 2024
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AGM resolutions passed and board changes implemented as the company advances Tulu Kapi financing, with key milestones expected by September. Community and government support in Ethiopia is strong, security is robust, and exploration continues in both Ethiopia and Saudi Arabia. Management anticipates a significant market re-rating as projects de-risk and launch.