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Kibo Mining Plc Moves Closer to Concluding MOU and Securing Equity Funding for the MCPP

18 September 2017

 

Kibo (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that it has made considerable progress in both securing project financing and progressing the Power Purchase Agreement (‘PPA’) with Tanzania’s sole energy provider, Tanzania Electric Supply Company Ltd (‘TANESCO’) in relation to its advanced Mbeya Coal to Power Project (‘MCPP’).

The MCPP is the Company’s flagship asset, which entails the development of the Mbeya Coal Mine, a 1.5Mtpa operation, based on a defined 120.8Mt coal Mineral Resource, and the Mbeya Power Plant, a 300MW mine-mouth power station. The MCPP is being advanced to capitalise on the acute energy deficit in Tanzania and the wider East African region and has received strong support from both the Government and international corporates. The Company has received formal Letters of Intent from multiple international EPC/power developers and financing conglomerates keen to provide full project level equity funding for the MCPP. Accordingly, advanced negotiations with all potential project level investors to determine the optimal partner(s) are currently underway.

Additionally, the Company’s Memorandum of Understanding (‘MOU’), as a precursor to the final PPA with TANESCO, has passed all the relevant legislative stages and is waiting for final confirmation from the Attorney General. The Company anticipates updating shareholders further on progress in this respect in the near future. The MOU, once signed, will provide a fixed framework within which the fundamental commercial and technical components of the PPA will be negotiated and agreed.

Louis Coetzee, CEO of Kibo mining, said: “Throughout the years we have enjoyed an excellent working relationship with the Tanzanian Government, and we continue to work successfully under the new mining framework. Having so many global powerhouses expressing a keen interest to partner with us is a fantastic validation of Kibo, the work we’ve done at the MCPP (which recently won the General Electric Innovation Award), and the inherent value of the project. Furthermore, and importantly, their interest emphasises that international companies have a continuing belief in Tanzania as an attractive investment destination.  With the final negotiation of the PPA approaching, full Feasibility Studies complete and development finance on its way to being secured, this nationally significant project is reaching a tipping point that I believe will see stakeholders rewarded.”

**ENDS**

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Monthly Q&A for Investors

Dated: 12 September 2017

Kibo Mining plc (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company is pleased to announce that its monthly Q&A session for investors, hosted by Vox markets, will be released today.

Investors who wish to take part in the sessions can send their 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.

**ENDS**

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Kibo Mining Plc Wins GE Innovation Award for Power Project

Date: 08 September 2017

Kibo Mining plc (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce the Company has won the Innovative Project Development Deal of the Year 2017 at the General Electric awards held in New York USA, on 7 September 2017.

Louis Coetzee, CEO of Kibo Mining, said: “We are thrilled to receive this recognition from General Electric Africa in relation to the Mbeya Coal to Power Project. With innovation, we have been able to improve the economic viability of the Project, which is crucial to Tanzania’s energy dynamic. We are receiving strong endorsements from the corporate, financial and political arenas as we look to deliver an exceptional project for the benefit of all stakeholders. Furthermore, we welcome the challenge to set the benchmark for innovation in the resource sector, which will not only benefit our Tanzanian power project but the industry more generally.”

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Kibo Mining Plc Appointment of Adviser  

Dated: 05 September 2017

Kibo Mining plc (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that it has appointed St Brides Partners Ltd as its investor and media relations representative.

**ENDS**

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MCPP finalizes Transmission Line Bid

29 August 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce that the Company has over the past week concluded the final bid clarification with regard to the construction of the transmission line that will evacuate power from the Mbeya Power Plant in the Songwe District to the TANESCO Mbeya sub-station.

The Engineering, Procurement and Construction (“EPC”) (Power) contractual work was divided into two lots, i.e. Lot 1, the Power Station EPC contract, and Lot 2, the Power Line Construction EPC contract. Lot 1 was awarded conditionally to SEPCO III during December 2016 with Lot 2 to be finalised subject to concluding a comprehensive line study. Following completion of various technical studies related to the transmission line, most notably an in–country line reconnaissance and survey by a combined Tractebel Engineering and SEPCO III team, a final bid was prepared and submitted to the Company by SEPCO III. Kibo Mining and Tractebel Engineering conducted and concluded a clarification workshop regarding the aforementioned final bid with the SEPCO III technical team on 21 and 22 August 2017 in Beijing, China. The purpose of the clarification workshop was to finalise the technical component of the Power Line Construction EPC contract which is to be awarded to SEPCO III as an integral part of the Power Station EPC contract, subject to final technical, financial and operational benchmarking that will be conducted by Tractebel Engineering over the course of the next month.

Louis Coetzee, CEO of Kibo Mining, said: “Finalization of the transmission line bid concludes all technical development work on the MCPP prior to financial close. The Company is also continuing to make significant progress on the remaining work streams it has reported on over the past two months, with further updates to follow in this regard.”

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Mbeya Coal to Power Project (“MCPP”) – Update

22 August 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to provide the following update following the Company’s RNS dated 26 July 2017:

  • An updated MOU, in reply to an official instruction by the Tanzanian Ministry of Energy and Minerals (“MEM”), to the Company and TANESCO to prepare a final Memorandum of Understanding that will govern the further development of the MCPP in general and the Power Purchase Agreement (“PPA”) in particular, has been duly submitted as instructed.  A version of the MOU approved for execution is expected shortly, subject to any further request(s) for clarification that may be received;
  • The Company has progressed discussions with various internationally recognized infrastructure investors that had formally expressed interest in an equity investment in the MCPP.  Formal negotiations with these groups will be undertaken over the coming weeks, with the objective of working towards finalizing a comprehensive funding arrangement that will satisfy the MCPP equity funding requirement; and
  • The Company did not receive any further clarification requests from the Tanzania National Environmental Management Council (“NEMC”) over the past weeks with regard to the MCPP Environmental & Social Impact Assessment (“ESIA”) and final certification is expected shortly.

Louis Coetzee, CEO of Kibo Mining, said: “Over the past two months we have seen a significant increase in momentum in all the MCPP work streams and from the above update it is clear that this trend will continue for the foreseeable future. The Company has an extremely busy and exciting period ahead of it”.

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Comment on Proposed Legislative Changes to Tanzania Mining Act

04 July 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused
mineral exploration and development Company, notes the submission of proposed legislation to
the Tanzanian Parliament which recommends material changes to the legal framework concerning
the natural resources sector in Tanzania.

Kibo is currently reviewing the proposed legislation and will continue to monitor the situation
closely.  The Company will provide an update to the market when appropriate.

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Results of Annual General Meeting

30 June 2017

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 6.53 % of the shares in Kibo (364,254,364 issued and outstanding).

All the resolutions proposed were approved and they will be registered with the Companies Registration Office (Ireland).  The voting details are shown on the table below.

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Kibo at Proactive-Investors One2One evening on 29th June 2017 in London

Dated: 23 June 2017

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 presenting at the One2One Investors Forum held at the Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB, on Thursday, 29th June 2017.

The event starts at 6:00pm, with the Company presenting from 7:00pm – 7:30pm.

The Company’s latest updated corporate presentation can now also be viewed at  www.kibomining.com

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Accelerated Development of MCPP Gains Significant Momentum from Latest Follow-up Discussions with Tanzanian Stakeholders

14 June 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce that a series of meetings, held with the key Tanzanian stakeholders in the MCPP resulted in significant progress for the further development of the Project.

The recent request for an expedited development of the MCPP (See RNS of 01 June 2017) was followed by active interaction between all stakeholders in the MCPP, which culminated in a series of progress meetings held on the 12th and 13th June 2017. The following key points emanated from said meetings:

  1. A clear agenda and associated schedule has been agreed with relevant Government stakeholders to work on those specific development aspects of the MCPP that are dependent on negotiating, agreeing and concluding agreements/approvals with the Tanzanian Government;
  2. The Environmental and Social Impact Assessment (“ESIA”) submissions for the Mbeya coal mine and Mbeya Power station have been duly processed for certification, pending a final review and verification of recommendations, with the final review in an advanced stage of completion;
  3. The special mining licence (“SML”) application for the Mbeya coal mine has been processed in its entirety and is now awaiting final approval, pending environmental certification;
  4. Engagement with the Ministry of Energy and Minerals (“MEM”) on the latest developments in relation to possible further changes in mining policies and the Mining Act has reconfirmed that the Company’s operations are not affected by the current debate on mining policies and the Mining Act.
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Annual Report and Notice of AGM

08 June 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the mineral exploration and development company focused on coal, gold and nickel projects in Tanzania, is pleased to announce that its full audited financial results for the year ended 31 December 2016 and Notice of Annual General Meeting are now available on its website as part of its 2016 Annual Report and can be accessed on the following link Kibo Mining Annual Report 2016. Individual Forms of Proxy for this year’s Annual General Meeting are being posted (e-mailed where requested) to all Shareholders today, and those shareholders who have requested hard copy documentation or for which no email addresses are available will receive the Annual Report (which contains the Notice of AGM) in the post.

The Company’s 2017 AGM will take place at 10 a.m. on Friday, 30th of June 2017 at the Conrad Hotel, Earlsfort Terrace, St Stephen’s Green, Dublin 2, Ireland.

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Kibo Monthly Q&A for Investors

08 June 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company is pleased to announce that its next monthly Q&A session for investors, hosted by Vox markets, will be released on 12 June 2017.

Investors who wish to take part in the sessions can send their 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.

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Rationalization of Lake Victoria Early Stage Licence Portfolios

02 June 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce that following a comprehensive technical and commercial review of its mineral licence portfolio in Tanzania it has relinquished several early stage non-core prospecting licences, licence offers and licence applications (together “the Licences”) in the Lake Victoria Region. This relinquishment (the “Rationalization”) is in line with the Company’s strategy to focus resources on its MCPP development projects (coal mining & coal to power), Haneti project (nickel), and the Imweru & Lubando projects (gold) held by Katoro Gold PLC (“Katoro”) in which Kibo is a 57.1% shareholder.

Lake Victoria Project

The Rationalization was carried out as part of the process of facilitating the spin-out of Kibo’s key gold resource based projects, Imweru and Lubando in the region, to Katoro (admitted to trading on AIM on 23 May 2017). The effect of the Rationalization is that the Company has now surrendered most of its early stage gold Licences in the Lake Victoria Goldfields (“LVG”) of northern Tanzania and its sole remaining gold interests in this region are in the greater Imweru and Lubando licence portfolios through its majority interest in Katoro. Altogether 79 Licences were surrendered constituting a total Licence area of approximately 800 km2. The surrendered Licences cover various non-contiguous single Licence and small Licence blocks scattered throughout the LVG. All the Licences are at a very early stage of exploration and no longer contribute towards the Company’s strategic development objectives.

Maps showing the Company’s updated Licence holdings in the Lake Victoria Region following the Rationalization can be found within the Lake Victoria project page on the Company’s website www.kibomining.com.

Louis Coetzee, CEO of Kibo Mining, said: “Rationalization of our Lake Victoria project is a result of a continuous in-house evaluation of our mineral portfolios to ensure they are aligned with and positively support and contribute towards our corporate development strategy. The significant cost savings and additional availability of resources from this rationalization will be re-assigned to our flagship MCPP and Haneti nickel projects.”

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Mbeya Coal to Power Project (“MCPP”) Receives Formal Reconfirmation to Continue with Accelerated Development of MCPP

01 June 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce that following extensive interaction with the Ministry of Energy and Minerals (“MEM”) over the past month, the Company has received written reconfirmation from the MEM calling for expedited development of the MCPP. The letter follows a period during which the MEM has been the subject of in depth policy reviews and management changes.

Louis Coetzee, CEO of Kibo Mining, said: “We are very pleased with the latest response from the MEM, following recent policy and structural changes at the MEM and TANESCO. The process of negotiating and agreeing a final power purchase agreement should now progress at a considerably faster pace than over preceding months, as this remains the key to completing development of the MCPP.

We are particularly encouraged by the MEM’s acknowledgement of the very advanced development status of the MCPP and its key role as a strategic regional power hub able to tackle the unique challenges faced by the Tanzania energy sector at all levels, thereby providing a catalyst for further economic development.”

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Condensed Consolidated Annual Financial Results for the year ended 31 December 2016

26 May 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the mineral exploration and development company focused on coal, gold and nickel, projects in Tanzania is pleased to release its condensed consolidated annual financial results for the year ended 31 December 2016. The Company’s Annual Report, which contains the full financial statements accompanying this announcement, is in the process of being prepared for dispatch to shareholders. A copy of this Annual Report will be available on 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 June, will be announced shortly.

Highlights from the Chairman, Christian Schaffalitzky’s statement:

2016 saw our Company build further on the milestones reached during 2015 with the completion of a number of critical studies in regard to our flagship MCPP project and the spin-off of our key gold assets (Imweru and Lubando) to a new gold focused company, Katoro Gold PLC (“Katoro”). These strategic events were achieved while simultaneously levering the value created in the MCPP to arrange efficient funding mechanisms that minimised shareholder dilution.

Kibo Mining’s key achievements are:

  • The completion of the definitive feasibility studies (DFS) on both the proposed coal mine and its dedicated power plant at our Mbeya Coal to Power Project (MCPP);
  • Signing of a collaboration agreement with the multinational US based GE Electric International in November 2016 which provided for GE to supply equipment, technology and services to the power plant;
  • The negotiation and awarding of the engineering, procurement and construction (“EPC”) contract for the power plant construction to SEPCO III and the OEM contract to GE;
  • The completion of the Integrated Bankable Feasibility Study on the MCPP (announced January 2017); and
  • The completion in May 2017 of a reverse takeover transaction with Opera Investments Plc (renamed Katoro Gold PLC) which saw Katoro acquire the Imweru and Lubando licence portfolios, be admitted to AIM and raise £1.5 m for the advancement of a DFS at Imweru.
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Update on Opera Reverse Take Over Transaction

05 May 2017

Kibo Mining plc (“Kibo Mining”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company, would like to draw shareholders’ attention to the announcement released by Opera Investments plc (“Opera”) at 8am today regarding the proposed transaction by Opera to acquire the Imweru and Lubando Gold Projects (the “Assets”) from Kibo Mining (“the Proposed Transaction”).

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Kibo commences monthly Q&A for investors

12 April 2017

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.

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Kibo Initiates Diversified Production Strategy for Mbeya Coal Mine

30th March 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce that the Company has decided, after careful study of the MCPP Integrated Bankable Feasibility Study (“IBFS”) results as well as latest policy changes in Tanzania, to implement a diversified production strategy for the Mbeya Coal Mine.

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Kibo Mining meets all its Q1 2017 Strategic Objectives successfully

23 March 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to provide a summary update of progress and activities during Q1 2017.

  • Continued liaison with the Tanzanian Government on the results of its Integrated Bankable Feasibility Study (“IBFS”) confirmed that the Company is well placed to conclude negotiations on a Power Purchase Agreement (“PPA”) following completion of Tanzanian Electric Supply Company (“TANESCO”) restructuring and Minister of Energy and Minerals (“MEM”) policy changes;
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MCPP Delivers First Classrooms as Part of Long Term Education Strategy in Songwe Region

06 March 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that on Friday, 3 March 2017, the CEO of Kibo Mining PLC (“Kibo”), officially unveiled and handed over two newly built classrooms to the Regional Commissioner of Songwe, Tanzania.

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Update on Proposed Acquisition by Opera of the Imweru and Lubando Gold Projects from Kibo Mining plc (“Kibo”)

02 March 2017

Further to the announcements made by Kibo and Opera on 23 September and 2 December 2016, Opera and Kibo are pleased to announce the following update on the proposed transaction by Opera to acquire the Imweru and Lubando Gold Projects from Kibo (“the Proposed Transaction”). Opera and Kibo are pleased to confirm that the transaction documentation in connection to the Proposed Transaction is nearing completion.

Resource Update on Imweru and Lubando Gold Projects

As part of the Proposed Transaction, under applicable regulation and commercial requirements, Opera has commissioned an appropriately qualified expert, Minxcon (Pty) Ltd, to undertake a Competent Person’s Report, an evaluation of the geological assets to be acquired from Kibo by Opera. As part of this review, the directors of Opera and Kibo have received an update to the resources of Imweru and Lubando Gold Projects.

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Notifiable Holding Change

01 March 2017

Kibo Mining plc (the “Company”) announces that it has today received formal notice from Sanderson Capital Partners Ltd (“Sanderson”) that it and related parties currently hold 10 977 994 shares in the Company, representing 3.02% of Kibo’s issued share capital as per the Form RT-1 declaration below.

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Cessation of Metal Tiger Joint Ventures in Tanzania

24 February 2017

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 has reached agreement with Metal Tiger plc, the Company’s Joint Venture (“JV”) partner in Tanzania to cease JV activities at the Pinewood and Morogoro Joint Ventures with immediate effect and relinquish the licences back to the local authorities.

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Mbeya Coal to Power Project Update

15 February 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce that all work for the Environmental and Social Impact Assessment (“ESIA”) has been completed and that the Company is now awaiting certification.

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Change of Share Registrar

27 January 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, announces that, effective from  7 a.m. Monday 30th  January 2017, its new Share Registrars in the UK, Ireland and South Africa are as follows:

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Share Issue

21 December 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, has today elected to make a first drawdown under the terms of the forward payment facility provided by Sanderson Capital Partners Limited (“Sanderson”) (the “Facility”), the details of which were announced in the Company’s RNS earlier today.

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Kibo Mining Agrees Term Sheet with Sanderson Capital Partners

21 December 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce it has entered into a binding term sheet (the “Term Sheet”) with Sanderson Capital Partners Limited (“Sanderson”) for a new USD2,940,000 forward payment facility (the “Facility”).

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Issue of Kibo Shares to Geological Service Provider from Treasury Account

9th December 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today issued 218,221 Ordinary Shares (the “Fee Shares”) in the capital of the Company to G&T Exploration Services Ltd (“G&T”) from a Company held forfeited share treasury account (“Treasury Account”).

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Kibo Signs Collaboration Agreement with GE Electric International Inc.

21 November 2016

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 has signed a Collaboration Agreement (the “Agreement”) with General Electric International Inc (“GE”), with respect to the development of the Mbeya Coal to Power Project (“MCPP” or “the Project”).

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Kibo Receives Final Commercial Bids for the Mbeya Coal to Power Project

01 November 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce that the final commercial bids for the Mbeya Coal to Power Project (“MCPP”) EPC contract and OEM contract were received on 31 October 2016. The Company has also submitted its mining right application for the Mbeya Coal Mine.

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Kibo Extends Date to Finalize Agreement for Balance of Refund Payment due on MCPP Development Costs

23 September 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, has today agreed to extend the deadline on which SEPCO III and Kibo had intended to reach agreement with regard to the final amount still due for payment with regard to the MCPP development cost refund (see RNS dated 25 August 2016). In accordance with the revised agreement (“the Agreement”), SEPCO III was afforded the opportunity to conduct an independent audit of the development costs incurred on the MCPP to date. In spite of a diligent effort made so far to get this done in time, the time allowed for this work proved to be inadequate given that the costs in question cover a period spanning several financial years. A new deadline was set for 14 October 2016, when Kibo and Tractebel Engineering will be meeting with SEPCO III in Qingdao, China, to assess and review SEPCO III’s progress in preparing the EPC bid for the power component of the MCPP.

Louis Coetzee, CEO of Kibo Mining, said: “Kibo is very pleased with SEPCO III’s performance to date under the revised agreement announced on 25 August 2016, with all work streams related to the preparation of the EPC-bid currently on schedule or slightly ahead of schedule.

Both parties however underestimated the amount of work involved in conducting the independent audit referred to above. Kibo and SEPCO III subsequently agreed that a delay in finalizing this particular element of the Agreement was not going to affect either party’s commitment and willingness to continue in parallel with the preparation and finalization of the EPC-bid and it was therefore decided, by mutual agreement, to extend the date for final agreement on this matter.”

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Kibo Signs Heads of Agreement with Opera Investments

23 September 2016

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 has signed a Heads of Agreement (the “HoA”) with LSE Main Market listed Opera Investment PLC (“Opera”) (Kibo and Opera together the “parties”) for the sale of the entire share capital of its wholly owned UK subsidiary, Sloane Developments Ltd (the “Proposed Transaction”).

The HoA provides for the following to occur contemporaneously or immediately after the Transaction:

  • Subject to commercial, technical and legal due diligence, the consideration to acquire the Imweru and Lubando gold projects will be satisfied by the allotment and issue to Kibo on  completion  of  the Proposed Transaction of 61,000,000 ordinary shares of one pence each in the capital of Opera at a price of 6 pence per ordinary share immediately following completion of the Proposed Transaction (and completion of the fundraising by Opera referred to below) (Consideration Shares).
  • As part of the Proposed Transaction, Opera and Kibo have agreed that there will be a fundraising by way of the issue of new ordinary shares in Opera at a price of 6 pence per ordinary share (the Placing Shares). The Proposed Transaction will be subject to a minimum fundraising of £1,200,000 before expenses.
  • As part of the Proposed Transaction, Opera will delist from the Main Market of the London stock Exchange and the enlarged share capital of Opera following Completion will contemporaneously seek admission to the AIM Market of the London Stock Exchange (AIM).
  • On completion of the Proposed Transaction it is proposed that Opera will be renamed Katoro Gold Mining plc.
  • The Board of Directors following completion of the Proposed Transaction will initially  comprise  3 directors nominated by Kibo and 2 directors nominated by Opera.
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Kibo Signs Financial Advisory Mandate Letter with ABSA / Barclays

22 September 2016

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 has signed an advisory engagement letter (the “Mandate”) with Absa Bank Limited / Barclays Bank Limited (the “Advisor”) laying out the scope of work and terms under which it will act as new financial advisor to the Company on the Mbeya Coal to Power Project (“MCPP” or the “Project”).

The scope of work in the Mandate requires the Advisor to assist in delivering the Project to a successful Financial Close by completing amongst others, the following:

  • develop a financial model for the Project with the assistance of the Company and its technical advisors and partners;
  • assist the Company in the negotiation, review and finalization of all agreements pertaining to the MCPP including, inter alia, the power purchase agreement, EPC-agreement, O&M agreement and grid connection agreement; and
  • develop a comprehensive and optimum funding structure for the project in cooperation with the Company and its advisors, and to implement it by soliciting and negotiating with potential lenders and/or equity providers sufficient funding on optimal terms to bring the project to successful Financial Close.
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Kibo Signs Memorandum of Understanding with GE International Inc.

16 September 2016

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 has signed a Memorandum of
Understanding (“MOU”) with General Electric International Inc (“GE”), with respect to the
development of the Mbeya Coal to Power Project (“MCPP” or “the Project”). The MOU provides for
GE and its affiliate companies (“GE Group”) to supply equipment, technology and services to the
MCPP power plant, in addition to exploring opportunities where it can assist Kibo in bringing the
Project to successful financial close. Kibo and GE are in discussions to set out in detail the terms and
conditions of their collaboration into a binding agreement.

Louis Coetzee, CEO of Kibo Mining, said: “We are extremely pleased that we have established this
relationship with GE, one of the largest and technologically advanced companies in the World. We
are looking forward to working with GE and benefitting from its expertise and reputation in the
power sector.”

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Transfer of Kibo Shares to Sanderson from Company’s Treasury Account

8th September 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today issued 2,712,477 Ordinary Shares (the “Conversion Shares”) in the capital of the Company to Sanderson Capital Partners Limited (“Sanderson”) from a Company held forfeited share treasury account (“Treasury Account”).

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Kibo Announces Re-Negotiated Terms for Settling Sanderson Loan Facility

1 September 2016

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 has re-negotiated terms for the payback of the loan facility (the “Facility”) of GBP1,500,000 provided to the Company by Sanderson Capital Partners Limited (“Sanderson”), the details of which were announced in the Company’s RNS of 3 March 2016. Under the existing terms of the Facility, Kibo was required to pay back the loan in either cash or ordinary shares in Kibo, by 31 August 2016.

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Kibo Signs New Agreement with SEPCO III

25 August 2016

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 has signed a new Agreement (the “Agreement”) with major international China based EPC contractor, SEPCO III.

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Kibo Signs Letter of Engagement with global law firm Norton Rose Fulbright

17 August 2016

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 has signed an Engagement Letter (the “Letter”) with global law firm Norton Rose Fulbright to provide it with legal services in regard to the development of its Mbeya Coal to Power Project in Tanzania.

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Share Issue

10 August 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today elected to make the fifth drawdown of the loan facility (the “Facility”) provided to the Company by Sanderson Capital Partners Limited (“Sanderson”), the details of which were announced in the Company’s RNS of 03 March 2016.

In accordance with the terms of the Facility the Company has today allotted 971,429 Ordinary Shares (the “Shares”) of €0.015 par value each in the capital of the Company to Sanderson. The Shares will be issued as a drawdown fee upon receipt of £300,000 from Sanderson, representing the fifth drawdown on the Facility of up to £1,500,000 provided by Sanderson to the Company and will be issued at a price of 5.25 pence per share.

Application will be made for the Shares to be admitted to trading on AIM and the JSE AltX markets. Trading in the Shares is expected to commence on AIM and the JSE on or around 16 August 2016 (“Admission”). On completion of Admission the Company will have 355,603,745 shares in issue.

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MCPP and Imweru Gold Project Interim Update

03 August 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company provides an interim update on progress at the Company’s Mbeya Coal to Power Project (“MCPP”) and the Imweru gold project.

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Kibo Reaches Net Smelter Royalty Agreement with Acacia at Imweru and Lubando

22 July 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce it has reached an agreement (“the Agreement”) with Acacia Mining plc, (“Acacia”) for the conversion of Acacia’s residual equity interests in the Imweru and Lubando Projects to a 2% Net Smelter Royalty (“NSR”). The Agreement was signed between Reef Miners Limited, Kibo’s wholly owned Tanzanian subsidiary which holds the Imweru and Lubando project licences, and ABG Exploration Limited, Acacia’s Tanzanian subsidiary which holds the equity interests in the licences.

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Results of Annual General Meeting

21 July 2016

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 6.6% of the shares in Kibo (354,632,316 issued and outstanding).

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MCPP: O&M Expression of Interest for Mbeya Power Plant

20 July 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce another milestone in the progress of the Mbeya Coal to Power Project (“MCPP”) following the finalization of an Expression of Interest process, focused on developing the Operations and Maintenance (O&M) Agreement for the Mbeya Power Plant.

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Imweru Gold Project Update

05 July 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company provides a further update to its announcement on June 2 on the Memorandum of Understanding (“MOU”) signed with Lake Victoria Gold LTD (“Lake Victoria”) to consolidate the companies’ respective Imweru and Imwelo gold projects.

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Share Issue

1 July 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today elected to make the fourth drawdown of the loan facility (the “Facility”) provided to the Company by Sanderson Capital Partners Limited (“Sanderson”), the details of which were announced in the Company’s RNS of 03 March 2016.

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Mbeya Coal to Power Project Update

21 June 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to update shareholders on the latest progress with regard to the main work streams on the Mbeya Coal to Power Project (“MCPP”) Integrated Bankable Feasibility Study (“IBFS”).

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Notice of AGM and Condensed Consolidated Annual Financial Statement of for the year ended 31 December 2015

14 June 2016

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 that its full audited financial results for the year ended 31 December 2015 are now available on its website as part of its 2015 Annual Report and can be accessed on the following link Kibo Mining 2015 Annual Report (“2015 Annual Report”) on the Kibo Mining website. The 2015 Annual Report, which also contains the Company’s Notice of AGM, is in the process of being printed and will be mailed to shareholders on or before the 21th of June 2016.

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Mbeya Coal to Power Project Commences with Formal EPC Bid Process for Mbeya Power Plant and Mbeya Coal Mine

03 June 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce that feasibility work on the Mbeya Coal to Power Project (“MCPP”) has now advanced to a level where the Company can commence with the formal EPC-bid process for both the Mbeya Power Plant and the Mbeya Coal Mine.

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Kibo Signs MOU with Lake Victoria Gold LTD to Fast Track Development of the Imweru Gold Project

02 June 2016

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 has signed a Memorandum of Understanding (“MOU”) with Lake Victoria Gold LTD (“Lake Victoria”) to consolidate the companies’ respective Imweru and Imwelo gold projects.

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Share Issue

31 May 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today issued 433,835 new Ordinary Kibo shares of €0.015 par value each in the capital of the Company (the “Settlement Shares”) to service providers in settlement of invoices. 321,457 of the Settlement Shares were issued at 3.733 per share to RFC Ambrian for corporate advisory fees to the Company in the amount of £12,000. The remaining 112,378 were issued at 4.5p per share for project management services to a service provider in Tanzania in the amount of £5,057. Application will be made for the Settlement Shares to be admitted to trading on AIM and the JSE AltX markets. Trading in the Shares is expected to commence on AIM and the JSE on or around 3rd June 2016 (“Admission”). On completion of Admission the Company will have  353,446,270 shares in issue.

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Share Issue

20 May 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today elected to make the third drawdown of the loan facility (the “Facility”) provided to the Company by Sanderson Capital Partners Limited (“Sanderson”), the details of which were announced on the Company’s RNS of 03 March 2016.

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Mbeya Coal to Power Project Successfully Completes Phase 1 of Environmental and Social Impact Study

19 May 2016 

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company is pleased to announce that Phase 1 of the Mbeya Coal to Power Project (“MCPP”) Environmental and Social Impact Assessment (“ESIA”) was successfully completed upon receiving notice from the Tanzanian Government that the ESIA studies for the Mbeya Coal Mine and Mbeya Power Plant have both been accepted and officially registered.

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Results for Power Definitive Feasibility Study – Mbeya Coal to Power Project

04 May 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce results from the Power Definitive Feasibility Study (“PDFS”) for the Mbeya Coal to Power Project (“MCPP”). This announcement should be read in conjunction with previous RNS statements dated 18 and 30 December 2014 reporting on the completed Power Definitive Pre-Feasibility Study, as well as the most recent announcement dated 29 April 2016.

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Kibo to Exhibit at UK Investor Show on 30th April 2016 in London

22 April 2016

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 30th April 2016 (9 am to 5 pm).

Details on the Investor Show can be found on the organizer’s website:  https://www.UKinvestorshow.com/.  Kibo will have a stand at Stand 77, Fleming Lounge and the Company’s CEO will be giving a presentation at 11:40 at Breakout Room 2.

Investors wishing to view the company’s corporate presentation which will be presented at the conference, can do so on the company’s website: http://www.kibomining.com.

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Share Issue

12 April 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today elected to make the second drawdown of the loan facility (the “Facility”) provided to the Company by Sanderson Capital Partners Limited (“Sanderson”), the details of which were announced on the Company’s RNS of 03 March 2016.

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Mbeya Coal to Power Project (MCPP): Restatement of the Mbeya Coal Resource Completed

11 April 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce that the restatement of the Mbeya coal resource has now been completed. This represents another key milestone as the MCPP approaches the final stages of its development ahead of Financial Close.

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Mbeya Coal to Power Project: Definitive Power Feasibility Study Work Completed

01 April 2016

 Mbeya Coal to Power Project: Definitive Power Feasibility Study Work Completed

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce that the Mbeya Coal to Power Project (“MCPP”), Definitive Power Feasibility Study (“DPFS”) work has been completed on schedule. The DPFS report is now subject to a review process. The findings of the DPFS will be announced on completion of the review.

Louis Coetzee, CEO of Kibo Mining, said: “We are very pleased with the overall progress on the MCPP and in particular with the timely completion of work on the DPFS. The professional and committed way in which Tractebel has conducted the DPFS to date has been critical to delivering the DPFS work to the highest standard and within a challenging timeframe.

Results from the DPFS can only be announced once the review process has been completed, but we can at this stage state that all the DPFS outcomes to date have been well within our expectations.

We remain on schedule with all other parallel and interdependent MCPP work streams as per the recently published MCPP Timeline & Description.”

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Updated Company Presentation and Web integration of MCPP Process Graphic

24 March 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company is pleased to inform shareholders that it has uploaded an updated company presentation to its website. It has now also fully web integrated its previously announced interactive process description and timeline for the Mbeya Coal to Power Project (“MCPP”) to make it more user-friendly for navigation.

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Mbeya Coal to Power Project: Special Analysis Test Results Provides Further Impetus to Definitive Feasibility Study

17 February 2016 

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce the special analysis (specific metallurgical tests) test results on the Mbeya coal resource of the Mbeya Coal to Power Project (“MCPP”).

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Share Issue

29 January 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development Company has today issued 9,000,000 Ordinary Shares (the “Shares”) of €0.015 each in the capital of the Company at a price of 4.7p to Sanderson Capital Partners Limited (“Sanderson”) for a total value of £423,000.

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Kibo Receives Proceeds from Hume Placing and Secures New Favorable Settlement Terms in Re-Negotiated Sanderson Loan Agreement

28 January 2016

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 the Company has now received the amount of £522, 800 from the delayed receipt of final proceeds from its February 2015 placing with Hume Capital Securities plc (“Hume Capital”).

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Mbeya Definitive Mining Feasibility Study: Results from Geotechnical Drill Programme Received

20 January 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce the results from Phase 1 of Stage 2 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 (MCPP), Mining Feasibility Study.

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Mbeya Coal to Power Project – Kibo consolidates Mbeya Coal Deposit

13 January 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce that three new Prospecting Licences (“PLs”) were issued to its wholly owned subsidiary Rukwa Coal Limited. These newly issued PLs are contiguous with its existing PL block in southern Tanzania that contains the 109 million tonne Mbeya Coal Mineral Resource (the “Resource”). The Resource underpins the Company’s Mbeya Coal to Power Project (“MCPP”), currently in the final stages of a Bankable Feasibility Study (“BFS”).

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MCPP – Finalizing Memorandum of Understanding with TANESCO on Power Purchase Agreement

11 January 2016

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 is busy finalizing a Memorandum of Understanding (“MOU”) with Tanzania Electric Supply Company Limited (“TANESCO”), on a Power Purchase Agreement (“PPA”) for the Mbeya Coal to Power Project (“MCPP”).

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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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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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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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AIM Share Price
(Ticker: KIBO)
5.00p Change -0.25p
at close on 21 Sep 2017

JSE Share Price
(Ticker: KBO)
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at close on 22 Sep 2017

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