RE: Congrats30 Sep 2025 07:16
I've been here for over 7 years and its just within touching distance. No outstanding issues from what i can see so sit back and relax...
Significant progress was made in the period and KEFI is on schedule to begin the full development program of Tulu Kapi in October 2025. We have approved and expect to sign shortly the formal commitment of the project loan facilities. And the construction contracts have been finalised for signing upon drawdown of equity which can now be finalised amongst the assembled local and regional investors.
The life-of-mine projected operating metrics remain consistent with recent guidance, including all-in sustaining costs (AISC) of c.US$1,100/oz and first full year production of 160koz from the open pit. Annual production is planned to then increase with the introduction of initial underground production. Year 1 net operating cash flow is projected at c.US$200 million at a US$2,500/oz gold price and c.US$300 million at a US$3,500/oz gold price, from the open pit with processing at nameplate capacity.