Kibo Mining Plc Kibo commences monthly Q&A for investors
April 12 2017 - 3:00AM
RNS Non-Regulatory
TIDMKIBO
Kibo Mining Plc
12 April 2017
Kibo Mining Plc (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM:KIBO
ISIN: IE00B97C031
("Kibo" or "the Company")
12 April 2017
Kibo commences monthly Q&A for investors
Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX:
KBO), the Tanzania focused mineral exploration and development
company is pleased to announce that it is commencing a monthly
Q&A session for investors, hosted by Vox markets.
To take part in the sessions, send your questions to
investors@kibomining.com and register with Vox Markets at
www.voxmarkets.co.uk/
Vox Markets is an award-winning service that provides the
sophisticated investment community with aggregated information from
a variety of sources. To learn the latest on Kibo follow 'KIBO' at
www.voxmarkets.co.uk/company/KIBO to receive push notifications
when Kibo features in the press, releases an RNS or features on a
podcast interview.
Contacts
Louis Coetzee +27 (0) 83 Kibo Mining Chief Executive
2606126 plc Officer
---------------- -------------- ---------------------- ---------------------
Andreas +27 (0) 83 River Group Corporate Adviser
Lianos 4408365 and
Designated Adviser
on JSE
---------------- -------------- ---------------------- ---------------------
Jon Belliss +44 (0) 207 Beaufort Securities Broker
382 8300 Limited
---------------- -------------- ---------------------- ---------------------
Oliver +61 8 9480 RFC Ambrian Nominated Adviser
Morse 2500 Limited on AIM
---------------- -------------- ---------------------- ---------------------
Liz Morley +44 (0) 203 Bell Pottinger Investor and
/ 772 2500 Media Relations
Anna Legge
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Kibo Mining - Notes to editors
Kibo Mining is listed on the AIM market in London and the AltX
in Johannesburg. The Company is focused on exploration and
development of mineral projects in Tanzania, and controls one of
Tanzania's largest mineral right portfolios. Tanzania provides a
secure and stable operating environment for the mineral resource
industry and Kibo Mining therein.
Kibo Mining holds a thermal coal deposit at Mbeya, which has a
significant NI 43-101compliant defined resource, and is developing
a 250-350 MW mouth-of-mine thermal power station, the Mbeya Coal to
Power Project ("MCPP"), previously called the Rukwa Coal to Power
Project ("RCPP"), with an established management team that includes
ABSA / Barclays as Financial Advisor. Kibo has completed a Coal
Mining Definitive Feasibility Study and a Power Pre- Feasibility
Study for the Mbeya project and has recently announced the
completion of an Integrated Bankable Feasibility Study report for
the project. On 25 August 2016, Kibo signed an Agreement with China
based EPC contractor SEPCO III granting it the right to become the
sole bidder for the EPC contract to build the power plant component
of the MCPP in exchange for SEPCO III refunding 50% of the
development costs incurred by Kibo to date on the project. Kibo has
already received the first tranche of this funding in the amount of
US$1.8 million on the 5th September 2016 and signed an EPC contract
with SEPCO III on the 19th December 2016.
The Company also has extensive gold focused interests in Lake
Victoria Goldfields of northern Tanzania, including 100% owned
projects with a 515,000 oz. JORC compliant gold Mineral Resource at
the Imweru Project and a 240,000 oz. JORC compliant gold Mineral
Resource at the Lubando Project. The Company is currently
undertaking a Definitive Feasibility Study on its Imweru
Project.
Kibo also holds the Haneti Project on which the latest technical
report confirms prospectivity for nickel, PGMs, gold and strategic
metals including lithium.
The Company's projects are located in the established and gold
prolific Lake Victoria Goldfields and the Mtwara Corridor in
southern Tanzania where the Government has prioritized
infrastructural development attracting significant recent
investment in coal and uranium. The Company has a positive working
relationship with the Tanzanian government at local, regional and
national levels and works hard to maintain positive relationships
with all communities where company interests are held. The Company
recognizes the potential to enhance the quality of life and
opportunity for Tanzanian citizens through careful development of
its projects.
Updates on the Company's activities are regularly posted on its
website www.kibomining.com.
Johannesburg
12 April 2017
Corporate and Designated Adviser
River Group
This information is provided by RNS
The company news service from the London Stock Exchange
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