14 June 2015
Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the mineral exploration and development company focused on coal, gold, nickel, and uranium projects in Tanzania is pleased to release its condensed consolidated annual financial results for the year ended 31 December 2015.
The Company’s Annual Report, which contains the full financial statements accompanying this announcement, is in the process of being printed and mailed to shareholders. A copy of this Annual Report will also be available from the Company’s website at www.kibo.energy. Details of the date and venue for this year’s AGM, which will take place towards the middle of July, will be announced shortly.
Louis Coetzee, CEO of the Kibo, commented today:
“We are pleased to present positive 2015 financial results at a pivotal time in Kibo’s development. We are well on the way towards completing our Integrated Bankable Feasibility Study on the flagship Mbeya Coal to Power Project (“MCPP”) in co-operation with our joint development partner, SEPCO III. The positive results from the reports completed during 2015 as outlined in our Annual Report, not only secured a Joint Development Agreement with SEPCO III, but moved Kibo towards becoming a more mature development company. This is well demonstrated by the Company’s MCPP Project which has progressed to advanced feasibility status in less than a year. The Company also succeeded in getting all its remaining exploration projects back into active exploration status, and this includes the commencement of two Joint Ventures during 2015.”
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[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”https://kibo.energy/wp-content/uploads/FINAL-RNS_Kibo-Financial-Results.pdf” btn_target=”_blank”]Condensed Consolidated Annual Financial Results of for the year ended 31 December 2015[/ott_teaser]