Kefi Gold, a UK-listed gold and copper mining company, will recommence operations at the Tulu Kapi Gold Project in Ethiopia thanks to the improved security situation in the country following the abatement of the civil war at the end of 2021.

The company said its principal contractors, Lycopodium - which is constructing the plant - and Corica - due to provide mine services - would deliver final costings for confirmation at the end of April 2022.

It is now resuming work on refurbishing the existing site camp to accommodate the initial construction workforce. It has recently completed a detailed design for the procurement and construction of an all-weather access road, a water dam, and a permanent camp.

It has also begun work on the new processing plant, tailings storage facilities, mining fleet service area, and an on-site metallurgical testing laboratory.

Harry Anagnostaras-Adams, KEFI's executive chairman, said on-site teams have returned to work and are preparing for the final launch of the mine project.

"Kefi now has three advanced development gold and copper-gold projects with significant resource upside in two now-supportive jurisdictions of the Arabian Nubian Shield, and in which our beneficial interest is already the equivalent of 2.1 million oz gold," Anagnostaras-Adams noted.

The Tulu Kapi Gold Project has an estimated annual capacity of 100,000 tonnes of gold.