| Mbeya Definitive Mining Feasibility Study: Results from Geotechnical Drill Programme Received | |
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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.
Key highlights
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820 meter geotechnical diamond core drill programme confirmed slope angles of pit design to be well within safety requirements;
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Programme results provided unexpected opportunity to further improve and optimize pit design;
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Programme results confirmed decision not to do any river diversion as viable and prudent; and
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Restatement of Mbeya Coal Resource
Louis Coetzee, CEO of Kibo Mining, said: 'We are very pleased with the latest results and also with the overall progress of the MDMFS. Since announcing the very first set of results from the concept study and with every announcement since, the MCPP has consistently demonstrated that it is a project with considerable financial and technical substance. This will stand us in good stead during the coming weeks when we work on finalizing the power purchase agreement and other commercial agreements associated with the MCPP.'
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Mbeya Definitive Mining Feasibility Study: Results from Geotechnical Drill Programme Received
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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. |