Mabesekwa Coal Independent Power Project (“MCIPP”)

Mabesekwa Coal Independent Power Project (“MCIPP”)2019-04-09T08:21:26+00:00

Project Description

Key Facts

  • Project Type | Development of coal mine and associated thermal power plant

  • Location | Central District, Botswana

  • Development Stage | Definitive Feasibility Study underway

  • Kibo’s Interest | 85%

  • Resource | Kibo has 85% interest 303 Mt Coal Resource (Mabesekwa)

  • Major Partners & Contractors | SEPCOIII

  • Next Steps |

    1. Complete Definitive Feasibility Studies (Mine & Power Plant)
    2. Complete Integrated Bankable Feasibility Study (whole project)

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Project Details

The Mabesekwa Project is located approximately 40km west of the village of Tonata and approximately 50km south of Francistown, Botswana’s second largest city. Kibo envisages the Project as a coal-based integrated mine-mouth power plant, with potential for the incorporation of a solar component as part of the further studies to be conducted on the project by Kibo.

The power plant fuel source is envisaged to be drawn from the Mabesekwa Coal Resource, which has a total mineable in-situ SAMREC compliant Coal Resource of 302.9 million tonnes (257.5 Mt attributable to Kibo on an 85% basis).

Resource Category Mineable In-Situ Tonnes
(100% basis)
Mineable In-Situ Tonnes
(85% attributable)
% of Total
Measured 56.2 47.8 18.6
Indicated 187.0 159.0 61.7
Inferred 59.7 50.7 19.7
Total 302.9 257.5 100

With water and land use permits and environmental certification in place, as well as a PFS on the coal mine and scoping study on the power plant, a clear development path with deliverables that will increase the inherent value of the project is visible.

AIM Share Price
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at 01:33 PM on 14 Nov 2019

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at close on 13 Nov 2019

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