Dated 30 September 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 announce its unaudited half year results for the period ended 30 June 2015.

Highlights from the Chairman, Christian Schaffalitzky’s statement:

  • Signing of a Joint Development Agreement with China based, SEPCOIII on the Mbeya Coal to Power Project (MCPP);
  • Completion of Mining Pre-feasibility Study on MCPP with project fundamentals surpassing those indicated in the earlier Concept Study report;
  • Signing of joint Venture Agreements on the Morogoro (gold) and Pinewood (uranium) projects with Metal Tiger plc;
  • Haneti geophysical interpretation results indicates nickel sulphide prospective rocks are much more extensive than previously thought over the project; and
  • Placing funds of £526,000, locked down since March due to the appointment of an Administrator to Company’s former broker (Hume Capital), to be released to Kibo within two

Highlights from the interim results for the period ended 30 June 2014:

  • Decrease in basic and dilutive loss per ordinary share of 99% compared to previous interim results; and
  • Decrease in trade and other payables of 311%

Chairman’s Statement

Dear Shareholder,

I am pleased to present our accounts for the six month period ending 30 June 2015. During the period the Company continued to advance work across our entire project portfolio despite the persistent challenging economic environment for mining companies.

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[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”https://kibo.energy/wp-content/uploads/Final-Interims-Kibo-Mining-Plc-30-June-20151.pdf” btn_target=”_blank”]Condensed Consolidated Interim Financial Statements for the six months ended 30 June 2015[/ott_teaser]