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KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams joined Proactive's Stephe Gunnion at Resourcing Tomorrow 2024. He shared updates on KEFI's activities in Saudi Arabia and Ethiopia, highlighting the $320 million Tulu Kapi project in Ethiopia. This high-grade project recently commenced early works after securing the necessary capital.

Anagnostaras-Adams noted that KEFI plans to exit Saudi Arabia, reallocating resources toward Ethiopia, where it sees vast potential for new projects. He described the company's exemplary position in both countries and emphasised the transformational nature of Ethiopia's improved readiness for modern mining development.

On KEFI's capital raise, which totalled about £10 million, Anagnostaras-Adams stated: "The successes...introduced North America, Australia, and European long-term investors." The company also extended opportunities to retail investors, with 90% of participation coming from existing shareholders.

Upcoming milestones include entering major construction by mid-2025, using proceeds from the Saudi exit to enhance its project pipeline in Ethiopia. Anagnostaras-Adams described the moment as "a sprint at the end of a marathon," marking a pivotal phase for the company.