{"id":5445,"date":"2015-11-05T07:07:44","date_gmt":"2015-11-05T07:07:44","guid":{"rendered":"https:\/\/kibo.energy\/?p=5445"},"modified":"2015-11-05T07:10:27","modified_gmt":"2015-11-05T07:10:27","slug":"shareholder-operational-update-third-quarter-2015","status":"publish","type":"post","link":"https:\/\/kibo.energy\/index.php\/shareholder-operational-update-third-quarter-2015\/","title":{"rendered":"Shareholder Operational Update: Third Quarter 2015"},"content":{"rendered":"<h5>05 November 2015<\/h5>\n<p>Kibo Mining Plc (&#8220;Kibo&#8221; or the &#8220;Company&#8221;) (AIM: KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce an operational update for the third quarter 2015 (the \u201cQuarter\u201d).<\/p>\n<p><!--more--><\/p>\n<p><strong>HIGHLIGHTS FOR THE QUARTER AND CEO COMMENTS<\/strong><\/p>\n<p><strong>Mbeya Coal to Power Project (\u201cMCPP\u201d)<\/strong> :<\/p>\n<ul>\n<li style=\"text-align: justify;\">Joint Development\u00a0\u00a0\u00a0\u00a0\u00a0 Agreement\u00a0\u00a0\u00a0\u00a0\u00a0 (\u201cJDA\u201d)\u00a0\u00a0\u00a0 between\u00a0\u00a0\u00a0\u00a0 Kibo\u00a0\u00a0\u00a0 and\u00a0\u00a0\u00a0 SEPCOIII\u00a0\u00a0 becomes unconditional<\/li>\n<li style=\"text-align: left;\">Completion of Mining Pre-feasibility Study on MCPP; project fundamentals surpassed earlier Concept Study report<\/li>\n<li style=\"text-align: left;\">Power component of the MCPP advanced in terms of partner participation and planning for definitive feasibility study<\/li>\n<li style=\"text-align: justify;\">Significant progress in negotiation and planning with respect to Financial Close for the MCPP, which is approaching completion<\/li>\n<\/ul>\n<p><strong>Haneti geophysical \u00a0interpretation \u00a0results \u00a0indicate \u00a0nickel \u00a0sulphide \u00a0prospective \u00a0rocks \u00a0are significantly more extensive than previously thought; and identifies additional drill targets<\/strong><\/p>\n<p style=\"text-align: left;\"><strong>Exploration work on the Company\u2019s two Joint Ventures with Metal Tiger PLC \u00a0commenced (Morogoro and Pinewood)<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Highlights from interim results for the period ended 30 June 2014:<\/strong><\/p>\n<ul>\n<li>Decrease in trade and other payables of 311%; and<\/li>\n<li>Placing funds of \u00a3526,000, locked down since March due to appointment of Administrator to Company\u2019s former broker (Hume Capital), to be released to Kibo within two months.<\/li>\n<\/ul>\n<h5><strong>Download Full Report<\/strong><\/h5>\n<p>[ott_teaser btn_text=&#8221;Download&#8221; btn_icon=&#8221;icon-right-big&#8221; btn_url=&#8221;https:\/\/kibo.energy\/wp-content\/uploads\/Final-RNS_Q3-Quarterly-Update_V3.0_041120151.pdf&#8221; btn_target=&#8221;_blank&#8221;]Shareholder Operational Update: Third Quarter 2015[\/ott_teaser]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>05 November 2015 Kibo Mining Plc (&#8220;Kibo&#8221; or the &#8220;Company&#8221;) (AIM: KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce an operational update for the third quarter 2015 (the \u201cQuarter\u201d).<\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[47],"tags":[],"class_list":["post-5445","post","type-post","status-publish","format-standard","hentry","category-news"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/5445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/comments?post=5445"}],"version-history":[{"count":2,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/5445\/revisions"}],"predecessor-version":[{"id":5447,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/5445\/revisions\/5447"}],"wp:attachment":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/media?parent=5445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/categories?post=5445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/tags?post=5445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}