| Imweru – Operational Update | |
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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").
Highlights
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Commencement of Stage 1, Phase 2 (the Pre-Feasibility Study) of the Imweru Definitive Feasibility Study ("DFS") ;
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Site visit by Qualified Persons ("QP") to the planned Imweru Gold Mine site confirms conclusions and assumptions from Preliminary Economic Assessment;
Louis Coetzee, Chief Executive Officer of Kibo Mining plc, commented: "We continue to make rapid advances in the development of the Company's flagship projects and it is therefore very pleasing to confirm to market the continuation of Feasibility Study work at Imweru, particularly as successful completion of this work is a vital step prior to mine construction and early production in the near term, but also towards securing development funding for the project.
The Kibo team is committed to maintain and further accelerate the rapid progress we have achieved recently on all of the Company's projects, and the proactive approach to completion of the Feasibility work on both Imweru and the Rukwa Coal to Power Project is welcomed by all the current and prospective stakeholders of Kibo."
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Kibo Mining Plc
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EXPLORATEUR |
CODE : KIBO.L |
ISIN : IE00B97C0C31 |
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Kibo Mining Plc est une société d’exploration minière basée en Irlande. Ses principaux projets en exploration sont HANETI NICKEL, MOROGORO GOLD, LUHALA GOLD et ITETEMIA GOLD en Tanzanie. Kibo Mining Plc est cotée au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 14,9 millions GBX (17,4 millions US$, 16,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 02 janvier 2015 à 9,85 GBX, et son plus bas niveau récent le 23 décembre 2022 à 0,00 GBX. Kibo Mining Plc possède 412 901 424 actions en circulation. |