| Rukwa Definitive Mining Feasibility Study – Phase 2, Stage 1 – Pre-Feasibility Study, Final Report Findings | |
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12 August 2015
Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce the findings from Phase 2, Stage 1, Mining Pre-Feasibility Study ("MPFS"), of the Company commissioned Definitive Mining Feasibility Study (DMFS), concerning the mining element of the Mbeya Coal to Power Project (MCPP).
Key highlights
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Selected mining method - modified terrace mining method, with over burden removal by means of a free dig (truck and shovel) method, and coal seam and inter burden mining by means of mechanised continuous surface mining method.
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Limited processing in the form of destoning of product required.
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River diversion as identified in the Concept Study proven unnecessary in Pre - Feasibility Pit Optimization.
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Four alternative mining options for the selected mining method identified, with the Project financially feasible for all of the options investigated;
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Annual estimated coal sale revenues of between US$48.4million and US$48.6million;
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All-in cost margin ranges from 49% to 62%. Applying the aforementioned all-in cost margin, Kibo interprets that an annual profit margin of between US$24 million to $27 million will be generated;
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Applying a real discount rate of 5.5% the best estimated Net Present Value ranges from US$211million to US$244million.
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Internal Rate of Return (IRR) ranging between 33.6% and 53.9%
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Return on Investment (ROI) ranging between 595% and 903%
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Payback Period ranging between 2.6 - 3.65 years
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Rukwa Definitive Mining Feasibility Study - Phase 2, Stage 1 - Pre-Feasibility Study,Final Report Findings
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Kibo Mining Plc
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EXPLORATEUR |
CODE : KIBO.L |
ISIN : IE00B97C0C31 |
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Kibo Mining Plc est une société d’exploration minière basée en Irlande. Ses principaux projets en exploration sont HANETI NICKEL, MOROGORO GOLD, LUHALA GOLD et ITETEMIA GOLD en Tanzanie. Kibo Mining Plc est cotée au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 14,9 millions GBX (17,4 millions US$, 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. |