Tulu Kapi Gold Project Update

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

13 October 2025

KEFI Gold and Copper plc

("KEFI" or the "Company")

Tulu Kapi Gold Project Update

KEFI (AIM: KEFI) reports that the signing of the US$240 million Tulu Kapi Gold Project (the "Project") debt capital offering is now expected to take place this week. This follows a procedural matter, now resolved, that was required to be addressed by one syndicate party last week.

The overall process remains unchanged from the steps and schedule previously set out, with various construction projects already underway and advancing as part of the sequenced launch this month of the full US$340 million Project, and with Project equity capital arrangements advancing. The Company has unused working capital resources and undrawn facilities in place pending drawdown of full Project finance.

A further announcement will be made as soon as appropriate.

KEFI Executive Chairman, Harry Anagnostaras-Adams, commented: "The process for full launch of Tulu Kapi continues intensely on all fronts with all parties, with all steps remaining scheduled for this month and next in accordance with the Tulu Kapi Project syndicate's agreed schedule.

"With the gold price at a record high this is the perfect time to be launching Tulu Kapi and I look forward to providing a further update in the near term."

Enquiries

Further information can be viewed at https://www.kefi-goldandcopper.com