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Tulu Kapi

Tulu Kapi is a gold mining project located in the Oromia region of western Ethiopia. The project is operated by Kefi Gold and Copper and represents one of the most advanced undeveloped gold deposits in Ethiopia. Tulu Kapi comprises an openpit mine design with a planned processing plant to treat oxide and transitional ore. The deposit contains proven and probable reserves that support a multiyear mine life, with gold mineralisation hosted in volcanic and sedimentary rocks of the Arabian-Nubian Shield. The project has received environmental and social impact approvals from Ethiopian authorities and has been the subject of feasibility studies confirming its technical and economic viability. Tulu Kapi is situated in an area with existing infrastructure, including road access and proximity to regional centres, which supports development logistics. The project has attracted financing commitments from development finance institutions and private investors, reflecting its strategic importance to Ethiopia's mining sector. Kefi has worked with federal and regional governments, including engagement with officials in Oromia, to advance permitting and community agreements. Tulu Kapi is expected to contribute to local employment and economic development once in production.

Tulu Kapi Updates


Road construction at Tulu Kapi
Kefi raises £941 574 through RetailBook offer
24th March 2026 By: Sabrina Jardim

Aim-listed Kefi Gold and Copper has announced that its previously announced RetailBook offer was successfully completed and closed on March 23, and that it has conditionally raised about £941 574... 


Drill core from the Tulu Kapi project
Tulu Kapi gold project, Ethiopia – update
13th March 2026 By: Sheila Barradas

Contractor Lycopodium has been awarded an engineering, supply and labour hire contract.   


An image of road construction at Tulu Kapi
Tulu Kapi project progressing as scheduled
9th March 2026 By: Tasneem Bulbulia

Aim-listed Kefi Gold and Copper notes contractor Lycopodium’s announcement detailing its award of an engineering, supply and labour hire contract for the development of Kefi’s Tulu Kapi gold... 


Tulu Kapi site layout
Kefi starts construction at Ethiopia gold project
6th March 2026 By: Marleny Arnoldi

Aim-listed Kefi Gold and Copper has broken ground at the Tulu Kapi gold project, in Ethiopia, which will produce about 140 000 oz/y of gold from 2027. The start of construction at the project comes... 


Drill core from the Tulu Kapi project
Tulu Kapi gold project, Ethiopia – update
27th February 2026 By: Sheila Barradas

Kefi Gold and Copper has broken ground at the project. 


Tulu Kapi site layout
Kefi starts construction at Tulu Kapi gold project
18th February 2026 By: Marleny Arnoldi

Aim-listed Kefi Gold and Copper has broken ground at the Tulu Kapi gold project, in Ethiopia, which will produce about 140 000 oz/y of gold from 2027. The start of construction at the project comes... 


An image of road construction at Tulu Kapi
Kefi completes financing package for Tulu Kapi
11th February 2026 By: Tasneem Bulbulia

Aim-listed Kefi Gold and Copper’s subsidiary Tulu Kapi Gold Mines (TKGM) has signed a $20-million equity-ranking-royalty with Chancery Royalty. This is a key final part of the $340-million... 


An image of road construction at Tulu Kapi
Kefi secures loan to advance Ethiopia gold project
6th February 2026 By: Tasneem Bulbulia

Aim-listed Kefi Gold and Copper confirms that final documentation regarding a $240-million loan facility for the Tulu Kapi gold project is fully signed. This follow an announcement in October last... 


An image of road construction at Tulu Kapi
Kefi secures final signing for loan to advance Ethiopian project
21st January 2026 By: Tasneem Bulbulia

Aim-listed Kefi Gold and Copper confirms that final documentation regarding a $240-million loan facility for the Tulu Kapi gold project is fully signed. This follow an announcement in October last... 


Ore sample from the Tulu Kapi project
Tulu Kapi gold project, Ethiopia – update
9th January 2026 By: Sheila Barradas

Kefi Gold and Copper has reached key milestones towards commissioning the project. 


Tulu Kapi site layout
Kefi looks forward to high shareholder returns as Tulu Kapi construction advances
6th January 2026 By: Marleny Arnoldi

Aim-listed Kefi Gold and Copper has reached key milestones towards commissioning its Tulu Kapi project, in Ethiopia. The company expects to commission the project in late 2027 and reach full... 


Drill core from the Tulu Kapi project
Tulu Kapi gold project, Ethiopia – update
12th December 2025 By: Sheila Barradas

Kefi Gold and Copper has reported further progress in completing the financing package for its Tulu Kapi gold project. 


An image of Tulu Kapi road construction
Kefi progresses funding for Ethiopian project
8th December 2025 By: Tasneem Bulbulia

Aim-listed Kefi Gold and Copper has made progress in finalising project funding for its high-grade, high-recovery Tulu Kapi gold project, in Ethiopia. In October, Kefi indicated that, of the total... 


Drill core from Tulu Kapi project
Tulu Kapi gold project, Ethiopia – update
21st November 2025 By: Sheila Barradas

Kefi Gold and Copper has informed shareholders that full project development is set to start by the end of 2025. 


The planned layout of the Tulu Kapi mine
Full Tulu Kapi project development to start by year-end – Kefi
17th November 2025 By: Creamer Media Reporter

Gold and copper exploration and development company Kefi Gold and Copper has informed shareholders that full project development at its Tulu Kapi gold project, in Ethiopia, is set to start by the... 


Image of tulu-kapi-breccia-mineralisation
Tulu Kapi gold project, Ethiopia – update
17th October 2025 By: Sheila Barradas

Kefi Copper and Gold reported on October 13 that it expected a $240-million debt capital offering towards its Tulu Kapi project to be signed in the week. 


Tulu Kapi planned site layout
Kefi expects $240m debt capital agreement to be signed within days
13th October 2025 By: Marleny Arnoldi

Aim-listed Kefi Copper and Gold expects a $240-million debt capital offering towards its Tulu Kapi project, in Ethiopia, to be signed this week. The financing had been put on hold following a... 


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