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Update on Katoro Gold PLC: Imweru Gold Project

 31 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 Katoro Gold plc (“Katoro”) at 7am today, regarding progress at the
Imweru Gold project in Tanzania. The body of the announcement released by Katoro is reproduced below:

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Financial Mail Report – 12 February 2015

KIBO MINING: Promising projects

[Financial Mail 12 Feb 2015 – Johannesburg]

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

For all the problems attached to Eskom these days, thermal coal supply to the utility is still considered a good business proposition. That’s a view partly based on the fact that Eskom is willing to pay better prices than in the past for thermal coal supplied to it owing to the competition provided by offshore buyers, such as the Indian utilities.

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Tanzanian exploration injection

AIM-listed junior exploration company Kibo Mining recently expanded its African visibility with a JSE listing. The explorer hopes to bring to account at least one of its advanced gold exploration projects in Tanzania over the next two years, MD Noel O’Keeffe tells Nelendhre Moodley.

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AIM Share Price
(Ticker: KIBO)
4.70p Change +0.05p
at close on 17 Aug 2018

JSE Share Price
(Ticker: KBO)
95.00c Change +10.00c
at close on 17 Aug 2018

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