Yearly Archives : 2014

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Change of Auditors

Dated: 31  December 2014

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, announces that it has appointed Saffery Champness  Chartered Accountants (“Saffery Champness”) as its new company auditor with immediate  effect.  Saffery Champness is replacing LHM Casey McGrath who has served as company auditor since the Company’s inception in 2008.

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Change in Significant Shareholder

Dated:12 December2014

Kibo Mining plc (“Kibo”) announces that it has today received formal notice from Metal Tiger plc (“Metal Tiger”) that, following completion of the issue of new ordinary shares in Kibo which was announced on 4 December 2014, from 9 December 2014 Metal Tiger holds 3.65% of Kibo’s issued shares. 10,000,000 Kibo shares were issued to Metal Tiger at a price of 1.5 pence per share, as announced on 4 December 2014.

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Power Pre-feasibility Update -Rukwa Coal to Power Project

Dated: 11 December 2014

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to confirm that the Company has now received the Power Pre-Feasibility Study Report, covering the power generation element of the Rukwa Coal to Power Project (“RCPP”).

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Rukwa Definitive Mining Feasibility Study – Phase 1, Stage 1 Report Findings

Dated: 09 December2014

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce the findings from Phase 1, Stage 1 of the Company commissioned Definitive Mining Feasibility Study (DMFS), concerning the mining element of the Rukwa Coal to Power Project (RCPP). The Executive Summary of the DMFS Phase 1, Stage 1 Report is available on Kibo’s website at www.kibomining.com.

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Completion of Share Issue to Metal Tiger plc

Dated:04 December 2014

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to advise that the Company has received payment from Metal Tiger plc of £150,000 in respect of the investment by Metal Tiger in 10,000,000 Kibo Mining plc €0.015 ordinary shares (the “Subscription Shares”), as detailed in our announcement of 21 November 2014.

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MOU on Kibo Uranium Portfolio and Equity Investment

Binding Memorandum of Understanding to close Joint Venture on Kibo Uranium Portfolio and £150,000 equity investment by Metal Tiger PLC
  • Binding Memorandum of Understanding (“MOU”) for 50/50 Joint Venture on Uranium Portfolio
  • £150,000 equity investment by Metal Tiger PLC (“Metal Tiger”) (AIM:MTR)
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Issue of Shares for Cash

Kibo Issue of Shares for Cash

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, herein announces that it has issued 1,750,000 new ordinary shares of Eur0.015 (“Ordinary Shares”) at 1 . 5 p per share (the “Settlement Shares”) for cash, to settle an invoice in respect of advisory services to the Company for a total cost of £26,250. These services comprise investor relations and corporate strategy consultancy work.

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LETTER TO SHAREHOLDERS FULL TEXT

Dear Shareholders and Business Colleagues

The Board of Kibo Mining plc recognises the currently severe conditions we are experiencing in the natural resource equities sector. We also note and appreciate the impact for Kibo Mining investors where a significant fall in share price has occurred over recent years.

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NOTICE OF PRESENTATION IN LONDON and LETTER TO SHAREHOLDERS

Notice of Presentation in London and Letter to Shareholders

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce it will be presenting to investors at the MiningMaven Investor Evening in London on Thursday 13th November 2014. This presentation will be made available from Kibo’s website. Shareholders and investors wishing to attend this evening may register free of charge at the event website:
https://www.eventbrite.co.uk/e/miningmaven-investor-evening-mosman-oil-gas-ecr-mineralskibo-mining-registration-9994274143

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Kibo Mining- Clarification of CEO Shareholding

In Kibo’s announcement of 31 July 2014 “Kibo Mining Plc Results of Annual General Meeting and Completion of Placing Announced on 14 July 2014”, it was disclosed that Louis Coetzee, Kibo’s CEO, held 7,133,284 shares in the Company following his participation in this placing of 1,533,381 shares. This disclosure was incorrect and Mr Coetzee in fact held 5,876,998 shares in the Company following his participation in the placing at 14 July 2014.

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First Financial Indicators for RCPP

First Financial Indicators for Rukwa Coal to Power Project (“RCPP”)

Highlights
  • Initial financial modelling confirms robust project economics;
  • Continuous surface mining technology is expected to result in reduced direct mining costs.
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Kibo Raises £855,725 in Share Placing

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce it has received commitments to a share placing of 57 048 352 new ordinary shares of Eur.

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Finweek (Leading South African Business Magazine) report on Rukwa Coal to Power project

 Kibo attracting believers

Shares in Kibo Mining made an extraordinary leap in one day in mid-September gaining 133% an improvement of such scale as to suggest the London- and Johannesburg-listed gold and energy company has attracted some believers within the investment parish.

On a 12-month return basis, the gains in the company’s shares have been ever better, appreciating more than 300%, which is another positive signal that the share is not responding to short-term zealous enthusiasm. But why the improvement?

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Kibo Moves Closer to Key Commercial Agreements on RCPP

Kibo Moves Closer to Finalising Key Commercial Agreements for Rukwa Coal to Power Project (“RCPP”)

Highlights
  • Agreement reached on terms of reference for development of Power Purchase Agreement (“PPA”) and Grid Connection Agreement (“GCA”);
  • Agreement reached on initial heads of terms for Coal Sale Agreement (“CSA”); and
  • Detailed financial modelling of Rukwa Coal Mine commences.
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Kibo Half-Year Results to 30 June 2014

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO) the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania, is pleased to announce its unaudited half year results for the period ended 30 June 2014.

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Sustained Progress at RCPP’s DMFS

Sustained Progress on Rukwa Coal to Power Project’s (“RCPP”) Definitive Mining Feasibility Study (“DMFS”)

Highlights
  • Conceptual Mine Design and Schedule completed;
  • Conceptual Framework for Coal Infrastructure and Logistics completed;
  • Conceptual Plant design completed;
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Preliminary Evaluation Confirms Mining Viability for RCPP

Preliminary Economic & Technical Evaluation of Rukwa Coal to Power Project Confirms Mining Viability

Highlights
  • Early economic and technical evaluation of the Rukwa Coal Mine confirms robust project fundamentals
  • Rapid progress on Definitive Mining Feasibility Study (“ DMFS”) accelerates process to select and engage suitable consultants for Feasibility Study on Rukwa Power Plant
  • Discussions in progress to finalize Heads of Terms (HOT) for power purchase, coal sale and grid connection agreements
  • Base case supports a 300MW coal fired power plant over an initial 20 year life and beyond
  • Phase 1, Stage 1 of the DMFS slightly ahead of schedule
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Imweru Project Results

Interpretation and Evaluation of Imweru Exploration Results Delivers Further Strategic Options for Development of Imweru

Highlights
  • Near term production may be possible from Imweru, subject to required feasibility work, and mine planning
  • Imweru holds sufficient existing JORC compliant gold resources to support production
  • Confidence that additional exploration will add to the resource inventory
  • Mineralisation appears suitable for traditional processing methodologies
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Results of AGM & Completion of Placing of 14 July

Results of Annual General Meeting and Completion of Placing announced on 14 July 2014

Shareholders are advised that the Annual General Meeting of Kibo Mining plc (“Kibo”) held yesterday was attended in person and by proxy by shareholders holding approximately 21% of the shares in Kibo.

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Commencement of RCPP Definitive Mining Feasibility Study

Kibo Announces Commencement of Rukwa Coal to Power Project (“RCPP”) Definitive Mining Feasibility Study

  • Kibo appoints Minxcon Projects to conduct RCPP definitive mining feasibility study (“DMFS”)
  • RCPP DMFS to commence immediately with Stage 1
  • Stage 1 of DMFS to be completed by November 2014.
  • Integrated RCPP feasibility study commences simultaneously
  • In principle agreement on Joint Development Partnership for RCPP
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Kibo Mining Plc Share Placing

Kibo Mining oversubscribed, raising £600,000 in Share Placing
Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce it has received commitments to a share placing of 34,285,714 new ordinary shares of Eur. 0.015 in the capital of the Company with clients of Kibo’s UK Broker, Hume Capital Securities Plc, at a placing price of 1.75p per share (the “Placing Shares”), to raise gross proceeds of £600,000 before expenses (the “Placing”). All of Kibo’s directors are participating in the Placing for a cumulative amount of £100,000, and will be participating on the same terms as other investors. A subsequent announcement of their relevant changes in interests will be made once allocations have been finalised.

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Posting of 2013 Annual Report

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; JSE: KBO), the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania is pleased to announce that its Annual Report has now been posted to Shareholders. The Annual Report is also available on the Company’s website and can be accessed on the following link Kibo Mining 2013 Annual Report. As previously announced, the Company’s 2014 AGM will take place at 11 a.m. on Wednesday 30 July 2014; at the Conrad Hotel, Earlsfort Terrace, St Stephen’s Green, Dublin 2, Ireland.

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Publication of Audited 2013 Financial Statemements & Notice of AGM

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; JSE: KBO), the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania is pleased to announce that its full audited 12 month financial results for the period ending 31 December 2013 are now available on its website and can be accessed on the following link Kibo Mining 2013 Annual Financial Statements. The Company’s Annual Report, which contains these financial statements and Notice of AGM, is in the process of being printed and will be mailed to shareholders on or before the 4th July 2014. The Company’s 2014 AGM will take place at 11 a.m. on Wednesday 30 July 2014 at the Conrad Hotel, Earlsfort Terrace, St Stephen’s Green, Dublin 2, Ireland.

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12 Month Audited Financial Results for Period Ending 31 December 2013

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania is pleased to announce its audited 12 month financial results for the period ending 31 December 2013. The Company’s Annual Report, which contains the full financial statements accompanying this announcement, is in the process of being printed and mailed to shareholders. A copy of this Annual Report will also be available from the Company’s website at www.kibomining.com. Details of the date and venue for this year’s AGM, which will take place towards the end of July, will be announced shortly.

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Kibo Mining to Present at UK Investor Show & Advice of Company Registered Address

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to confirm that it will be exhibiting and presenting at the UK Investor Show being held at the Queen Elizabeth II Conference Centre in London, on Saturday 5th April 2014. Details on the Investor Show can be found on the organiser’s website: http: //www.geiicc.co.uk. Kibo will have a stand at Stand W32, Whittle Room.

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Kibo Mining raises £750,000 in Share Placing

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce it has received commitments to a share placing of 30,038,000 new ordinary shares of Eur. 0.015 in the capital of the Company with clients of Kibo’s UK Broker, Hume Capital Securities Plc at a placing price of 2.5p per share (the “Placing Shares”), to raise gross proceeds of £750,950 before expenses (the “Placing”). The funds raised will primarily be used to initiate a Phase 2 drilling programme at its Imweru gold exploration property in Tanzania as well as for general working capital purposes.

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Technical Report Confirms Haneti Nickel, PGM and Lithium Target

Kibo Mining plc (“Kibo” or the “Company”) the Tanzania focussed mineral exploration and development company is  pleased  to  announce  it  has identified a  30km  strike of nickel-platinum  prospectivity  at  Haneti following receipt of a comprehensive technical report covering full historical exploration and technical data from the Haneti project.

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Technical Report on the Imweru Gold Project Confirms Resource Upside Potential

Highlights
  • Independent JORC-compliant resource report on the Imweru Gold Project received
  • Report includes a revised JORC-compliant resource estimate reflecting recent drilling results and updated economic and geologic factors
  • Significantly improved confidence in the geological model and the resource base
  • Confirmation of potential expansion of resource base through further drill programmes
  • High priority drill targets identified on regional ground holding
  • Recommended two phase work program incorporating further resource definition drilling, testing of the priority regional targets and preliminary scoping study work
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Appointment of Director

Kibo is pleased to announce that its Board of Directors (“the Board”) has approved the appointment of Mr. Andreas Lianos (“Andrew”) as an Executive Director of the Company.

The appointment is effective from 1 March 2014 and a brief CV of Andreas Lianos is set out below:

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Kibo Mining plc – Shareholder Update Financial Year 2013/14

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the diversified mineral exploration and development company, developing an advanced stage coal resource and coal fired power plant in Tanzania, alongside fully owned gold, nickel, and uranium projects, is pleased to provide the comprehensive Shareholder Update below.

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Kibo Mining plc – Positive Drilling Results From The Imweru Gold Project

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; JSE AltX: KBO) the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania is pleased to announce that it has now received all Phase 1 drilling results from its Imweru project, located in the Lake Victoria Goldfields of northern Tanzania. The drill programme which was completed in late November 2013, comprised 21 drill holes for a combined total of 3,265 m of reverse circulation (RC) and diamond drilling (DD).

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AIM Share Price
(Ticker: KIBO)
5.20p Change -0.05p
at close on 21 Nov 2017

JSE Share Price
(Ticker: KBO)
133.00c Change +30.00c
at close on 21 Nov 2017

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