Dated: 08 April 2015
Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to update the market with regard to the latest operational developments at the Company’s advanced gold project, the Imweru Gold Project (“Imweru”).
Highlights
- Commencement of Stage 1, Phase 2 (the Pre-Feasibility Study) of the Imweru Definitive Feasibility Study (“DFS”) ;
- Site visit by Qualified Persons (“QP”) to the planned Imweru Gold Mine site confirms conclusions and assumptions from Preliminary Economic Assessment;
Louis Coetzee, Chief Executive Officer of Kibo Mining plc, commented: “We continue to make rapid advances in the development of the Company’s flagship projects and it is therefore very pleasing to confirm to market the continuation of Feasibility Study work at Imweru, particularly as successful completion of this work is a vital step prior to mine construction and early production in the near term, but also towards securing development funding for the project.
The Kibo team is committed to maintain and further accelerate the rapid progress we have achieved recently on all of the Company’s projects, and the proactive approach to completion of the Feasibility work on both Imweru and the Rukwa Coal to Power Project is welcomed by all the current and prospective stakeholders of Kibo.”
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[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”https://kibo.energy/wp-content/uploads/Final-RNS-Imweru-PFS-First-Update-07042015pdf.pdf” btn_target=”_blank”]Imweru – Operational Update[/ott_teaser]