News

MCPP Purchase Agreement Update

05 April 2018

Kibo Mining Plc (AIM:KIBO; AltX:KBO), the multi-asset Africa-focused energy and resource company, is pleased to announce that the Company has received confirmation from the Tanzania Electric Supply Company (‘TANESCO’) today that a work session for the full Power Purchase Agreement (‘PPA’) task team, has been convened for Tuesday 10 April 2018.

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Tanzanian Government Prioritises Private Sector

Dated: 21 March 2018

Kibo Mining plc (AIM: KIBO; AltX: KBO), the multi-asset Tanzania focused energy and resource company, notes recent comment in the press regarding the Tanzanian President’s pledge to support the private sector at the 11th Tanzania National Business Council (‘TNBC’) meeting at the State House.

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Update on Broker and Placement Proceeds

Dated: 2 March 2018

Kibo Mining plc (AIM: KIBO; AltX: KBO), the multi-asset Africa-focused energy and resource company, notes the announcement regarding Beaufort Securities Limited (“BSL”) and Beaufort Asset Clearing Services Limited (“BACSL”) being placed into insolvency. Additionally, the Company notes that the Financial Conduct Authority (“FCA”) has also imposed requirements on BSL and BACSL, with immediate effect, requiring them to cease all regulatory activity.

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Correction to Kibo RNS dated 24 February 2017

Dated: 1 March 2018

The Company wishes to inform shareholders that the 10,000,000 warrants at an exercise price of 9p shown as outstanding to Metal Tiger plc in Kibo’s RNS of 24 February 2017 expire on 23 March 2018 and not on 25 February 2018 as stated in the RNS. The Company apologises for this typographical error.

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New Corporate Presentation

Dated: 1 March 2018

Kibo Mining plc (AIM: KIBO; AltX: KBO), the multi-asset Africa-focused energy and resource
company, is pleased to announce that the Company’s new corporate presentation is now available to
view on Kibo’s website.

To access the presentation please copy and paste the following link to your web browser:
http://kibomining.com/wp-content/uploads/Final RNS Reach New Presentation_V3.1_ 010318

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Press Speculation

Dated: 27 February 2018

Kibo Mining plc (AIM: KIBO; AltX: KBO), the multi-asset Africa-focused energy and resource company, announces that, contrary to press speculation, the company has not yet signed a PPA with Tanzania Electric Supply Company (‘TANESCO’), however it remains in advanced discussions with TANESCO and the Ministry of Energy (‘the Ministry’) regarding the Power Purchase Agreement (‘PPA’) for the Company’s flagship 300MW Mbeya Coal to Power Project (‘MCPP’). The PPA will enable Kibo to move towards execution and conclusion of the final development phase of the MCPP.

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Placing to Raise £750,000

Dated: 27 February 2018

Kibo Mining plc (AIM: KIBO; AltX: KBO), the multi-asset Africa-focused energy and resource company, is pleased to announce that it has received commitments to raise £750,000 before expenses via a placing of 17,647,060 ordinary shares of par value Eur. 0.015 each (‘New Ordinary Shares’) at a placing price of 4.25p per New Ordinary Share (the ‘Placing). The Placing has been arranged by Kibo’s UK Broker, Beaufort Securities Limited and the Company expects to pay an aggregate of £75,000 expenses associated with the placement.

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AIM Share Price
(Ticker: KIBO)
4.30p Change +0.00p
at 08:00 AM on 22 Jun 2018

JSE Share Price
(Ticker: KBO)
85.00c Change +0.00c
at 09:00 AM on 22 Jun 2018

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