KEFI Gold and Copper’s Post

📢 Update from KEFI Gold and Copper plc! 📢 KEFI Gold and Copper (AIM: KEFI), the gold and copper exploration and development company operating in the Federal Democratic Republic of #Ethiopia and the Kingdom of #SaudiArabia, shares the successful completion and closure of its recent #CapitalRaise. The Retail Offer, conducted via PrimaryBid, has concluded with great success. The Retail Offer has generated gross proceeds of approximately £495,916 (before expenses). This was made possible through the issuance of 82,652,722 Ordinary #Shares at the Placing Price of 0.6 pence per Ordinary Share. In aggregate, the Capital Raise is anticipated to secure gross proceeds of approximately £5.0 million, combining the £4.5 million Firm Placing and the £495,916 Retail Offer. However, the finalisation of the Conditional Remuneration Issue is contingent upon the passing of resolutions at the Company's General Meeting, on 26 March 2024. It's important for shareholders to note that the Conditional Remuneration Issue is subject to various conditions, including the passing of share allotment and disapplication of pre-exemption rights resolutions at the General Meeting. In the event that these resolutions are not passed, the Conditional Remuneration Issue will not proceed. Read more here: https://lnkd.in/eSvGRd5a #KEFIGoldandCopper #CapitalRaise #Exploration #Development #Investment #Mining #Gold #Copper #Update #InvestingInTheFuture 🌐🔗

*WATCH* Harry Anagnostaras-Adams, Exec Chairman at KEFI Gold and Copper explain why the timing couldn't be better to launch the Company's Tulu Kapi Gold Project in Ethiopia. Watch the full Interview ▶️ https://lnkd.in/eFTSjyun KEFI Gold and Copper plc (LON: KEFI), the AIM-listed gold and copper exploration and development company, has now launched its long-awaited Tulu Kapi Gold Project in Ethiopia. With production predicted to start in mid-2026, Executive Chairman Harry Anagnostaras-Adams explains to investors why it’s taken 15 years, from the original discovery in Ethiopia to production in 2026. However, Harry goes on to explain why now, in 2024, the timing is right to launch the project as International, national geopolitics and the prevailing Gold Price have all aligned. Furthermore, Harry explains how Tulu Kapi has the potential to deliver up to about 200,000 ounces of Gold and Silver a year and given today's gold and silver prices, that could equate to £100m net profit per year for KEFI if it was in production today. The company also has two projects advancing towards development in Saudi Arabia, which Harry describes another country proactively launching its own mining sector with KEFI at the core. In this focusIR interview, investors will also learn about: - How Tulu Kapi has the potential to mine (open and deep cast) up to 200,000 oz per year - How that could equate to £100m net profit per year - The status of other projects within KEFI’s portfolio - Management’s view on normal and special dividends - The $1 billion commitment to Tulu Kapi Harry concludes; “The alignment of those extraneous factors where we are is serendipitous. It's wonderful and the timing couldn't be better for us to have the opportunity to deliver against that. And that's a wonderful opportunity.” #KEFI #Gold #Copper IFC Advisory SP Angel Tavira Financial Ltd

Watch our Chairman's interview with focusIR!

Instead of receiving mineral royalties, which show up on the P&L as revenues, they want to receive copper. The moment they receive copper, it starts with the cost of storage. You now need to store it. It's liquidity levels is not cash, so instead getting money to spend you take the copper and put it on the balance sheet. it just starts sitting there while reducing the actual cash the government receives in the budget. You received $1Billion in mineral royalties now you receive copper. Then now you have to trade it, with all the risks associated with it. The time you received copper the usd value was $800M, you are spending another $5M/ year supporting the management of this asset. At the end of that same year, your unrealized losses are 100M. The budget is due and it needs cash, what could have been $800M is now 695M... all because you thought you could trade copper. This should be left to entities that have the type of balance sheet that supports this type of risk. Not the Zambian government. https://lnkd.in/dWKx3PEQ

HONG KONG, 9 July 2024. CSPI Ratings has affirmed the global scale long-term issuer credit rating (LTICR) of ‘A-’ for China Minmetals Corporation (Minmetals) with a stable outlook. Minmetals is China's largest conglomerate in the metals and mining industry, as well as in the metallurgical construction and engineering sector. The company's credit profile is closely linked to that of the Chinese central government, as we believe the government has a strong willingness to provide support if the company faces financial distress. KEY RATING RATIONALES Credit Strengths -Strong support from the central government. -Extensive and diversified business portfolio. -Lower debt level. Credit Weaknesses -Weak profitability. -High operating risks for overseas projects https://lnkd.in/duqS4Un8 #creditratings #cspiratings #china

HONG KONG, 9 July 2024. CSPI Ratings has affirmed the global scale long-term issuer credit rating (LTICR) of ‘A-’ for China Minmetals Corporation (Minmetals) with a stable outlook. Minmetals is China's largest conglomerate in the metals and mining industry, as well as in the metallurgical construction and engineering sector. The company's credit profile is closely linked to that of the Chinese central government, as we believe the government has a strong willingness to provide support if the company faces financial distress. KEY RATING RATIONALES Credit Strengths -Strong support from the central government. -Extensive and diversified business portfolio. -Lower debt level. Credit Weaknesses -Weak profitability. -High operating risks for overseas projects. https://lnkd.in/duqS4Un8 #creditratings #cspiratings #china

Please see the attached RBC Capital Markets Copper Outlook report for 2024. #coppermining Aeonian Resources

In 2022, 435 tonnes of African gold were smuggled out, valued at approximately $32.87 billion at today's gold price of $2350 per Troy ounce. If 5-15% of this value remained in the country, it would significantly impact local economies each year. How can Governments address and stop this illegal practice to ensure sustainable development and fair wealth distribution? Your thoughts and insights are welcome. https://lnkd.in/dgNsbbH9 #SustainableDevelopment #ResourceManagement #EthicalMining #Governance #EconomicGrowth

In the ever-evolving world of commodities, a curious trend has emerged: the disconnection between gold prices and gold equity prices. Beyond a market quirk this represents a unique opportunity, especially for astute investors and companies like ours, with a significant land position in robust exploration zones like West Mali, that are still undervalued Our strategic positioning allows us to capitalize on these market inefficiencies, offering a unique proposition for those looking to diversify their portfolios with gold exploration investments. Join us as we get closer to unearthing the true potential of this timeless asset in Mali's rich lands. #GoldExploration #InvestmentOpportunity #WarabaGold #FokoloreProject #MiningIndustry #MarketTrends #WestMaliGold

There are a few things to consider when putting together a portfolio. Commodities that should be included. #News #AFFCF #AmericanFutureFuel #GoldRoyalty #Gold