Introduction:
The directors of Kibo Mining plc (Kibo) requested that Venmyn prepare an independent SAMREC Code compliant Technical Report in the form of a Competent Person‟s Report (CPR) on the mineral assets of Kibo in Tanzania.
Kibo has consolidated an extensive portfolio of mineral rights in three project areas (the Projects) within Tanzania, namely:
- the Lake Victoria Projects in the well known Lake Victoria Goldfield (LVG) of northern Tanzania, which includes:
- the Itetemia gold deposit, for which Mineral Resources have been estimated;
- the Luhala gold deposit, for which Mineral Resources have been estimated;
- and an extensive portfolio of greenfields gold exploration proprieties in the LVG.
- the Morogoro Projects, which include an extensive portfolio of greenfields explorationproperties in a recently discovered gold region of southeastern Tanzania; and
- the Haneti Projects, which include an extensive portfolio of greenfields Ni-Cu-PGE and gold exploration properties in central Tanzania.
Venmyn understands that Kibo, which is currently listed on the AIM Market of the London Stock Exchange PLC (AIM), is subject to a proposed dual listing on the JSE Limited (JSE). This CPR forms part of the technical documentation in support of the requirements of the proposed listing on the JSE. The CPR has been prepared in compliance with and to the extent required by the SAMREC Code for the reporting of exploration results, Mineral Resources and Mineral Reserves. The CPR will be submitted to the JSE in fulfilment of the JSE Listings Requirements.
The effective date of the CPR is the 8th March 2011.
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[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”https://kibo.energy/wp-content/uploads/Venmyn-CPR-For-JSE-Final-040411_.pdf” btn_target=”_blank”]Kibo Competent Persons Report (CPR) prepared by Venmyn Rand[/ott_teaser]