* Accelerated progression of Study work to develop Rukwa Power Plant;
* Kibo appoints Aurecon to conduct Power Pre-Feasibility Study ; and
* Power Pre-Feasibility Study to commence immediately with the full Study to be completed by early December 2014.

Louis Coetzee, CEO of Kibo Mining, said: “We are exceptionally pleased with the acceleration of this Study and the appointment of Aurecon. Following their appointment Aurecon undertook a review of historically gathered information and the comprehensive nature of the data available enabled them to commit to delivery of the full Prefeasibility Study in early December 2014. This accelerated delivery matches our desire to progress the Rukwa Coal to Power project on an expeditious timetable and further supports the veracity and value of the project in the face of finalisation of discussions with strategic project partners.”

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce that it has appointed Aurecon (www.aurecongroup.com) to conduct a Pre-Feasibility Study (“PPFS”) on the Rukwa Coal to Power Project (“RCPP”) 300MW power plant.

Commencement of the PPFS is a very important milestone in the RCPP as it marks the stage where feasibility work has progressed sufficiently to allow the integrated feasibility study, i.e. mining and power, to henceforth continue concurrently.

The PPFS will cover the conventional pre-feasibility elements associated with a power plant feasibility study, as well as assessing certain key parameters required for planning of the definitive power feasibility study on the Rukwa power plant.

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[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”http://kibo.energy/wp-content/uploads/Final-A-RNS-RCPP-Power-PFS-Commencement.pdf” btn_target=”_blank”]Commencement of Accelerated Rukwa Coal to Power Project[/ott_teaser]