24 June 2015 

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that it has received positive preliminary results from an independent Airborne Geophysical Data Interpretation carried out over its Haneti project in central Tanzania. The interpretation used recently acquired high resolution data acquired from the Geological Survey of Tanzania (see RNS of the 13th March 2015). Data processing and interpretation was carried out by Spinifex Geophysics of Perth, Western Australia.

 Highlights 

  • High resolution magnetic and gravity data show the interpreted aerial extent and geological structure of the Ni-Cu-PGM prospective Haneti-Itiso Ultramafic Complex (HIUC) confirming its continuity over 80 kilometers of strike length;
  • A number of other areas have been identified within the HIUC showing similar magnetic and gravity signatures as the known ultramafic outcrops e.g. Mihanza and Mwaka Hills, and which can be confidently interpreted as new areas of sub-cropping ultramafic rocks and targets for follow up exploration;
  • The interpretation results resolves some of the internal geological structure of the HIUC, showing it is comprised of a number of attenuated and folded ribbons of ultramafic rocks within the general granite-gneiss country rock which will assist geological interpretation and help focus exploration on areas with best potential;
  • The interpretation has identified a new zone of ultramafic rocks over a strike length of approximately 30 km similar to the HIUC, which will be a new target zone for follow up exploration;
  • The results will allow Kibo to further rationalise the Haneti project by relinquishing areas where no ultramafic target rocks prospective for Ni-Cu-PGM style mineralisation are indicated;
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[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”https://kibo.energy/wp-content/uploads/Final-RNS-Haneti-Geophysics-Update.pdf” btn_target=”_blank”]Haneti Nickel Project- Airborne Geophysical Data Interpretation Results [/ott_teaser]