Yearly Archives : 2015

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Shareholder Letter

11 December 2015

Dear Shareholder

The Board of Kibo Mining is pleased to report on a highly productive 2015, which saw the Company significantly advance work across our project portfolio. This progress has been achieved against the backdrop of persistent challenges for mining companies.

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Update on Proceeds of Hume Placing

03 December 2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to provide a further update, regarding the delayed receipt of final proceeds from its February 2015 placing with Hume Capital Securities plc (“Hume Capital”).

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Share Issue

12 November 2015

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development Company has today issued 1,666,667 Ordinary Shares (the “Shares”) of €0.015 each in the capital of the Company at a price of 6p to Sanderson Capital Partners  Limited  (“Sanderson”).  The  Shares  were  issued  upon receipt  of  £500,000  from Sanderson, representing the full drawdown amount of the loan facility provided by Sanderson to the Company, the details of which were announced on the Company’s RNS of the 4th November 2015.

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Kibo appoints Tractebel to conduct Mbeya Coal to Power Project Power Feasibility Study

09 November 2015

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce that it has engaged Tractebel Engineering (“Tractebel”), a 100% subsidiary of Engie (Formerly GDF Suez), to conduct the definitive feasibility study for the Mbeya Coal to Power Project (“MCPP”) Power Component and any additional work, inclusive of the role as owners engineer, which the Company and Tractebel may agree upon for subsequent development phases of the Project.

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Kibo Mining Agrees Unsecured, Interest Free Bridge Loan Facility of £500,000

04 November 2015

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 today entered into a loan facility (the “Facility”) with Sanderson Capital Partners Limited (“Sanderson”) for an amount of £500,000 to be utilised by Kibo at its sole discretion and election during the 3 month term of the Facility. The Facility provides Kibo with access to funds which it will be able to use at the Company’s discretion as needed.

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Mbeya Definitive Mining Feasibility Study – Stage 2: Geotechnical Drill Programme Completed

15 October 2015

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce completion of Phase 1 of the Mbeya Definitive Mining Feasibility Study (MDMFS). This is a critical work stream of the final Stage of the broader Mbeya Coal to Power Project, Mining Feasibility Study.

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Uranium Joint Venture Update & Issue of Shares for Cash

23 September 2015

Kibo Mining plc (LON:KIBO), the Tanzania focused mineral exploration and development company, is pleased to provide an update with regard to the Company’s uranium joint venture (“JV”) with Metal Tiger plc (LON:MTR) covering the Pinewood Uranium Project (“Pinewood”) in Tanzania and the issue of shares for cash in respect of geological services rendered to the Company.

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Update on Proceeds of Hume Placing

26 August 2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to provide the following update to the announcement it made on 18 June 2015, regarding the delayed receipt of final proceeds from its February placing, due to the fact that the Company’s previous brokers Hume Capital Securities plc (“Hume Capital”) had appointed administrators.

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Rukwa Definitive Mining Feasibility Study – Phase 2, Stage 1 – Pre-Feasibility Study, Final Report Findings

12 August 2015

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 2, Stage 1,  Mining Pre-Feasibility Study (“MPFS”), of the Company commissioned Definitive Mining Feasibility Study (DMFS), concerning the mining element of the Mbeya Coal to Power Project (MCPP).

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Mbeya Coal to Power Project SEPCO III Joint Development Agreement Unconditional and Funded

 Dated: 21 July 2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that all conditions precedent in the Joint Development Agreement (“JDA”) recently signed between the Company and SEPCO III, have subsequently been met in full and that the JDA now enjoys unconditional status.

 Highlights

  • All conditions precedent in the SEPCO III JDA have been met in full;
  • SEPCO III funding commitments, as called for under the terms of the JDA, fulfilled;
  • Detail work schedule and implementation plan to complete Bankable Feasibility Study (“BFS”) for Mbeya Coal to Power Project (“MCPP”) finalised;
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Haneti Nickel Project: Airborne Geophysical Data Interpretation Results: Significant Depth Extent and Strike Length of Ultramafic Complex with Two New Mafic-Ultramafic Zones

13 July 2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that it has received the final report from an independent Airborne Geophysical Data Interpretation carried out over its Haneti project in central Tanzania. The results from the preliminary findings were announced on the Company’s RNS dated 24 June 2015.

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Results of Annual General Meeting

1 July 2015

Shareholders are advised that the Annual General Meeting of Kibo Mining plc (“Kibo”) held today was attended in person and by proxy by shareholders holding approximately 13% of the shares in Kibo.

All the resolutions proposed were approved and they will be registered with the Companies Registration Office (Ireland).

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Shareholder Operational Update: Second Quarter 2015

01 July 2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce an operational update to outline the current status of company activities and the extent of progress made to build the value of the Company’s assets for shareholders.

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Haneti Nickel Project- Airborne Geophysical Data Interpretation Results

24 June 2015 

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that it has received positive preliminary results from an independent Airborne Geophysical Data Interpretation carried out over its Haneti project in central Tanzania. The interpretation used recently acquired high resolution data acquired from the Geological Survey of Tanzania (see RNS of the 13th March 2015). Data processing and interpretation was carried out by Spinifex Geophysics of Perth, Western Australia.

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Kibo Share Forfeiture

23 June  2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company announces in accordance with the terms of  its Articles of Association, that it has today declared 4,090,000 Ordinary Shares (“Forfeited Shares”) issued to XCAP Nominees Limited <Placings> (XCAP”), a subsidiary of Hume Capital Limited, on the 3rd March 2015, forfeited. The Forfeited Shares remained unpaid at the 22 June 2015 which was the final date advised to XCAP for receipt of funds by Kibo for the Forfeited Shares. The Forfeited Shares will now be placed in a Company treasury account for disposal at a later date

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Update on Proceeds of Hume Placing

18 June 2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to provide the following update to the announcement it made on 25 March 2015, regarding the delayed receipt of the proceeds of its February placing, due to the fact that the Company’s previous brokers Hume Capital Securities plc (“Hume Capital”) had appointed administrators.

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Work Commencement – Morogoro Gold Project JV

Dated: 10 June 2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company is pleased to announce the commencement of the Company’s work programme at the Morogoro Gold Project in Tanzania (“Morogoro Project”), held in Joint Venture (“JV”) with Metal Tiger plc (“Metal Tiger”) (LON:MTR).

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Publication of Annual Report, Annual Audited Financial Statements and Notice of AGM

4 June 2015

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 2014 are now available on its website as part of its 2014 Annual Report and can be accessed on the following link Kibo Mining 2014 Annual Report (“2014 Annual Report) .

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KIBO SHARE OPTION GRANT AND SHARE ISSUE

2 June 2015 

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company announces the grant of options (“Incentive Options”) over 15.3 million Ordinary Shares of €0.015 each in the capital of the Company to directors, management and staff (the “Recipients”).

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Rukwa Definitive Mining Feasibility Study: Update & Project Name Change to Mbeya Coal to Power Project

26 May 2015

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to provide the market with a progress update for the Rukwa Coal to Power Project, Phase 2, Stage 1, Definitive Mining Feasibility Study (“DMFS”), and a formal renaming of the project, to better reflect the regional scale and size of the project.

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SEPCO III Completes Successful Site and Country Visit to Tanzania

29 April 2015

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce that, following the announcement of the Joint Development Agreement (“JDA”) with SEPCO III (RNS dated April 20, 2015), Kibo hosted SEPCO III for a successful country and project site visit to Tanzania, from 23 April 2015 until 27 April 2015.

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Kibo Mining raises £1,500,000 in Share Placing

21 April 2015

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 25,000,000 new ordinary shares of Eur. 0.015 in the capital of the Company with clients of Kibo’s UK Broker, Beaufort Securities Limited, at a placing price of 6p per share (the “Placing Shares”), to raise gross proceeds of £1,500,000 before expenses (the “Placing”).

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2015 UK Investor Show

Dated: 16 April

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused 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 18th April 2015 (8.40 am. to 5.15 p.m.). Details on the Investor Show can be found on the organiser’s website: https://www.ukinvestorshow.com/ Kibo will have a stand at Stand F5, Fleming Room.

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Imweru  – Operational Update

Dated: 08 April 2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to update the market with regard to the latest operational developments at the Company’s advanced gold project, the Imweru Gold Project (“Imweru”).

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RCPP – Operational Update

Dated: 01 April 2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to update the market with regard to the latest operational developments at the Company’s flagship project, the Rukwa Coal to Power Project (“RCPP”).

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Update on Proceeds of Placing

Dated: 25 March  2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, provides the following update to the announcement it made on 17 March 2015 regarding the delayed receipt of the proceeds of its recent placing due to the fact that Hume Capital Securities plc (“Hume Capital”) had appointed administrators.

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New Broker Appointment

Dated: 17 March  2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX:KBO) the Tanzania focussed mineral exploration and development company is pleased to announce the appointment of a new joint broker.

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Proceeds of Placing

Dated: 17 March  2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, notes the announcement made by its UK broker, Hume Capital Securities plc (“Hume Capital”), on 11 March 2015, of its intention to appoint an administrator under the Investment Bank Special Administration Regulations 2011 (“SAR”). The SAR regime will dictate the timing and manner in which client assets will be dealt with, although one of the objectives of the SAR is the return of client assets as soon as reasonably practicable. According to this announcement, Hume Capital or its administrators are not able to release client money it holds without first obtaining the consent of the Financial Conduct Authority.

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Notifiable Holding Change

Dated: 11  March  2015  Kibo Mining plc (the “Company”) announces that it has today received formal notice from Metal Tiger plc (“Metal Tiger”) that, following the recent share placing by the Company, Metal Tiger no longer holds greater than or equal to a 3% beneficial interest in the Company’s shares, and
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Kibo Mining raises £950 000.00 in Share Placing

02 March 2015

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 19 000 000 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 5p per share (the “Placing Shares”), to raise gross proceeds of £950 000.00 before expenses (the “Placing”).

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Morogoro Gold Joint Venture Commences

Dated: 26 February 2015

On 19 January 2015, Tanzania focussed exploration and development company Kibo Mining Plc (“Kibo” or the “Company”)(AIM: KIBO; JSE AltX: KBO) announced that it had entered into a Memorandum of Understanding for a 50/50 Joint Venture with Metal Tiger plc (“Metal Tiger”) on its Morogoro South gold-prospective exploration portfolio in Tanzania (“Morogoro Portfolio”) wholly owned by Kibo Jubilee Ltd (Cyprus) (“Jubilee”).

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Uranium Joint Venture Commences

Dated: 26 February 2015

On 21 November 2014, AIM listed exploration and development company Kibo Mining Plc (“Kibo” or the “Company”)(AIM: KIBO; JSE AltX: KBO)announced that it had entered into a Memorandum of Understanding (“MOU”) with Metal Tiger Plc (“Metal Tiger”) regarding a 50/50 Joint Venture (“JV”) on Kibo’s uranium-prospective tenements in Tanzania (“Pinewood Portfolio”) wholly owned by Kibo’s 100% owned subsidiary company, Kibo Uranium Ltd (“KB Uranium”).

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Financial Mail Report – 12 February 2015

KIBO MINING: Promising projects

[Financial Mail 12 Feb 2015 – Johannesburg http://www.financialmail.co.za/]

DIVERSIFIED Tanzanian minerals explorer Kibo Mining has not yet decided whether it will retain stakes in its various projects as they mature. But it is most likely to keep an interest in its Rukwa coal mine to power station project, says CE Louis Coetzee.

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PEA Update – Imweru Gold Project

Dated: 09 February 2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce the findings of the Preliminary Economic Assessment (“PEA”) (Stage 1, Phase 1, Concept Study) in respect of the Company’s Lake Victoria Goldfields Imweru Gold Project. The Company also wishes to announce that Stage 1, Phase 2 (the Pre-Feasibility Study) of the Imweru Definitive Feasibility Study (“DFS”), will now commence immediately. The PEA formed the first element of the Definitive Mining Feasibility Study, being undertaken by Minxcon Projects, on behalf of the Company.

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Notification from Significant Shareholder

Dated: 30  January  2015  Kibo Mining plc (“Kibo” or the “Company”) announces that it has today received formal notice from Metal Tiger plc (“Metal Tiger”) that, following completion of a warrant exercise and issue of 10,000,000 new ordinary shares in Kibo which was announced on 21 January 2015, Metal Tiger currently
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Haneti Nickel Project- Positive Geochemical Update

Dated: 27  January 2015

Highlights

  • Mihanza Hill prospect (“Mihanza”) soil anomaly proves to be consistent with that expected for a significant Ni-Cu-PGE sulphide deposit
  • Key parameters of anomaly indicate a signature with the potential to represent a significant magmatic Ni-Cu sulphide source
  • Characteristics of Mihanza Ni-Cu anomaly suggests a possible “chonolith” intrusion which dramatically improves the probability of exploration success
  • Mihanza results validates and independently confirms the Ni- Cu- PGM potential of the Haneti project
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Warrant issue, Warrant Exercise and New Share Issue to Metal Tiger Plc

Dated: 21 January 2015

 On the 14 January 2015, Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, announced that it was proceeding to complete its Joint Venture (the “Completion”) on Kibo’s uranium-prospective portfolio in Tanzania (“Pinewood Portfolio”) with Metal Tiger Plc (“Metal Tiger”) under the terms of a memorandum of understanding signed on the 21 November 2014 (“the MOU”).

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Memorandum of Understanding – Morogoro

Dated:19 January 2015

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that it has entered into a Memorandum of Understanding (“MOU”) for a 50/50 Joint Venture (“JV”) with Metal Tiger plc (“Metal Tiger”) on the Company’s Morogoro South gold-prospective exploration portfolio in Tanzania (“Morogoro Portfolio”).  The Morogoro Portfolio has a number of exploration rights in central Tanzania, consisting of 18 licences, offers, applications and tenders covering a combined surface area of approximately 1,400 square kilometres.

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Pinewood Uranium JV proceeding – Issue & Immediate Exercise of Warrants

Dated: 14 January 2015

On 21 November 2014, Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, announced that it had entered into a Memorandum of Understanding (“MOU”) with Metal Tiger Plc (“Metal Tiger”) with a view to a 50/50 Joint Venture (“JV”) on Kibo’s uranium-prospective portfolio in Tanzania (“Pinewood Portfolio”).

Kibo is pleased to announce it has received confirmation that Metal Tiger is satisfied with the results of its due diligence on Kibo’s Pinewood Portfolio and will now proceed to finalise the JV agreement for uranium exploration with Kibo.

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Notifiable Holding Change

Dated: 8  January  2015 Kibo Mining plc (the “Company”) announces that it has today received formal notice from Metal Tiger plc (“Metal Tiger”) that Metal Tiger no longer holds greater than or equal to a 3% beneficial interest in the Company’s shares, and as such ceases to be, as defined under
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AIM Share Price
(Ticker: KIBO)
5.25p Change +0.12p
at 9:31am on 28 Jul 2017

JSE Share Price
(Ticker: KBO)
72.00c Change 0.00c
at 10:31am on 28 Jul 2017

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