29 April 2015

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce that, following the announcement of the Joint Development Agreement (“JDA”) with SEPCO III (RNS dated April 20, 2015), Kibo hosted SEPCO III for a successful country and project site visit to Tanzania, from 23 April 2015 until 27 April 2015.

Highlights

  • First and strategically most important condition precedent in SEPCO III JDA fulfilled
  • Project site visit completed successfully, with all visit objectives met

The SEPCO III site visit included a visit to the RCPP mine and power plant site and surrounding areas and fulfilled a key condition precedent to the JDA. The visit also included plenary meetings with the Minister for Energy and Minerals as well as senior officials of the Ministry of Energy and Minerals and related departments.  The key objectives of the site visit were:

  1. To familiarise the SEPCOIII team with local in-country conditions and those related to operational and business conditions in Tanzania;
  2. To physically visit the RCPP project site and to conduct an extensive on-site technical work shop;
  3. To plan and finalize the scope of work required to successfully execute and complete Stage
  4. 2 of the RCPP Definitive Feasibility Study, i.e. delivery of an integrated Bankable Feasibility Study for the RCPP; and
  5. To officially introduce SEPCO III to all the relevant Tanzanian Government departments and authorities as the Company’s RCPP development partner.
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[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”https://kibo.energy/wp-content/uploads/Final-RNS-SEPCOIII-DD-Visit-28-April-2015.pdf” btn_target=”_blank”]SEPCO III Completes Successful Site and Country Visit to Tanzania[/ott_teaser]