KEFI Minerals

What KEFI Minerals does

KEFI Gold and Copper plc (AIM: KEFI) is a London-listed mineral exploration and development company founded in 2006 and headquartered in Nicosia, Cyprus, focused on gold and copper deposits in the Arabian-Nubian Shield. The company operates a portfolio of three core assets: the flagship Tulu Kapi Gold Project in Ethiopia, the Jibal Qutman Gold Project in Saudi Arabia, and the Hawiah Copper-Zinc Project in Saudi Arabia. Tulu Kapi anchors the company with a 1.05 million ounce Probable Ore Reserve, 1.7 million ounces of total Mineral Resources, planned production of 140,000 ounces per annum, and a low-cost profile with All-in Sustaining Costs of approximately US$800-900 per ounce over the initial seven years of open pit mining.

The business model is to advance resource assets from exploration through feasibility, permitting, financing, and construction, then monetize gold and copper production into global commodity markets. KEFI generates revenue (not yet in production) primarily through eventual gold and copper sales at prevailing market prices; no product-level pricing is disclosed and customer interaction occurs through standard mineral sales channels. In April 2026 the company finalized a US$355 million financing package for Tulu Kapi and in June 2026 signed a US$400 million mining contract with BCM International to execute open pit and underground development, with project commissioning targeted for Q1 2028.

The company serves shareholders, debt and equity providers, and downstream commodity market participants; its go-to-market is investor-relations-led through AIM regulatory announcements, investor presentations, webinars, and website updates aimed at the London small-cap mining investor base. KEFI advances its Saudi assets through exploration licences and ongoing delineation work, with Jibal Qutman and Hawiah positioned for progression toward development to diversify the asset base beyond Tulu Kapi and add a copper-zinc-silver exposure alongside the gold-led portfolio.

Name

KEFI Minerals

Legal name

KEFI Gold and Copper plc

Website

https://kefi-minerals.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Short description

KEFI Gold and Copper plc is a London-listed mineral exploration and development company focused on gold and copper deposits in the Arabian-Nubian Shield, developing the Tulu Kapi Gold Project in Ethiopia alongside Saudi Arabian gold and copper-zinc assets.

Ownership category

akta.pro rank

Product category

Gold and Copper Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Copper Mine Engineering, EPC & Expansion Projects (IMAKADAM), Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE)

Keywords

• Gold mining exploration
• Copper mineral development
• Precious metals extraction
• Mining project development
• Arabian-Nubian Shield mining

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Gold Production and Sales: KEFI generates revenue through gold extraction and sales from the Tulu Kapi Gold Project in Ethiopia, with planned production of 140,000 ounces per annum at an All-in Sustaining Cost of circa US$800-900/ounce over the initial seven years of open pit mining.

Distribution channels1 record

Marketing channels4 records

Core offering

KEFI Minerals (KEFI Gold and Copper plc) is a London-listed exploration and development company that discovers, delineates, and develops gold and copper mining projects in the Arabian-Nubian Shield. Its primary asset is the Tulu Kapi Gold Project in Ethiopia (1.05 million ounce Probable Ore Reserve, planned 140,000 oz/year production at AISC of US$800-900/oz), supplemented by the Jibal Qutman Gold Project and Hawiah Copper-Zinc Project in Saudi Arabia.

Product overview

KEFI Gold and Copper is a London-listed exploration and development company operating a portfolio of gold and copper mining projects across the Arabian-Nubian Shield. The company's primary offering is the advanced Tulu Kapi Gold Project in Ethiopia, supplemented by the Jibal Qutman Gold Project and Hawiah Copper-Zinc Project in Saudi Arabia. These projects form an integrated portfolio of precious and base metal assets at various stages of development from exploration through to production-ready status.

Differentiator

Problem solved

Functional benefit

Products and services

• Tulu Kapi Gold Project Advanced gold mining project in Ethiopia with a Probable Ore Reserve of 1.05 million ounces and Mineral Resources totalling 1.7 million ounces. Planned production of 140,000 ounces of gold per annum at an All-in Sustaining Cost of approximately US$800-900 per ounce over the initial seven years of open pit mining. Developed and operated by KEFI for sale of gold into global commodity markets.
• Jibal Qutman Gold Project Gold project in Saudi Arabia where KEFI has discovered and delineated gold resources; being advanced towards development as part of the company's Saudi Arabian portfolio.
• Hawiah Copper-Zinc Project Copper-gold-zinc-silver resource project in Saudi Arabia. KEFI has discovered and delineated resources and is advancing the project towards development as part of its base and precious metals portfolio.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• BCM InternationalcoreImplementation/ SI/ Consulting Partner · 18 June 2026BCM International awarded US$400 million mining contract for the Tulu Kapi Gold Project. BCM will conduct major mining works including both open pit and underground development operations. This is a flagship contract for the project's development phase.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Shanta Gold: AIM-listed junior gold producer with the New Luika mine in Tanzania, comparable in scale, East African jurisdiction, and AIM-listed junior gold producer profile.
• Centamin plc: Mid-tier gold producer with the Sukari mine in Egypt, directly comparable as a London-listed gold miner operating in the Arabian-Nubian Shield with similar geological setting to KEFI's portfolio.
• Hummingbird Resources: AIM-listed junior gold producer/developer with operations in West Africa, comparable in scale, development stage, and London-AIM listing profile to KEFI.
• Condor Gold: AIM-listed gold developer advancing the La India project in Nicaragua, comparable as a single-asset AIM-listed gold developer approaching construction/financing decisions.
• Chaarat Gold Holdings: AIM-listed gold exploration and development company with assets in Armenia and Kyrgyzstan, closely comparable in stage, AIM listing, and single-asset gold development profile to KEFI.
• Caledonia Mining: AIM-listed gold producer operating the Blanket mine in Zimbabwe, comparable as a mid-tier African gold producer with similar operating footprint and AIM listing.
• Alecto Minerals: Exploration-stage gold and base metals company with assets in the Arabian-Nubian Shield (Ethiopia, Sudan), directly comparable as a junior focused on the same geological region as KEFI.

Emerging players

• Altus Strategies: AIM-listed exploration company with gold and base metals licenses across Africa including in Ethiopia and Sudan, comparable as a junior AIM-listed explorer in the same regional addressable footprint.

Broad incumbents

• Perseus Mining: Established multi-asset gold producer in West Africa, comparable as an Africa-focused gold miner with production profile similar to KEFI's planned Tulu Kapi output.
• Endeavour Mining: Senior gold producer operating multiple mines across West Africa, comparable as a gold-only producer with similar AISC discipline and African operational footprint to KEFI's planned profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KEFI Minerals