KIBO MINING PLC - Change of South African Share Registrar

Change of South African Share Registrar

Kibo Mining Plc (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
(‘Kibo’ or ‘the Company’)


Dated: 17 May 2018


                              Kibo Mining Plc (‘Kibo’ or the ‘Company’)


                               Change of South African Share Registrar

Kibo Mining plc (‘Kibo’ or the ‘Company’) (AIM: KIBO; AltX: KBO), the multi-asset Africa-focused energy
and resource company is pleased to announce that effective from 7 a.m. Friday 1st June 2018, its new Share
Registrar (Transfer Secretary) in South Africa will be:

Link Market Services South Africa (Pty) Ltd
13th Floor,
19 Ameshoff Street
Braamfontein

Postal Address:
PO Box 4844, Johannesburg, 2000
Telephone: 011 713 0800

Facsimile: 086 674 4381
E-mail info@linkmarketservices.co.za

                                              **ENDS**


For further information please visit www.kibomining.com or contact:



  Louis Coetzee          louisc@kibomining.com      Kibo Mining Plc          Chief Executive Officer
  Andreas Lianos         +27 (0) 83 4408365         River Group              Corporate Adviser and
                                                                             Designated Adviser on
                                                                             JSE
  Ben Tadd /             +44 (0) 20 3700 0093       SVS Securities Limited   Joint Broker
  Tom Curran
  Jon Belliss            +44 (0) 20 7399 9400       Novum Securities Ltd     Joint Broker

  Andrew Thomson         +61 8 9480 2500            RFC Ambrian Limited      NOMAD on AIM
  Isabel de Salis /       +44 (0) 20 7236 1177       St Brides Partners Ltd  Investor and Media
  Priit Piip                                                                 Relations Adviser

Notes to editors

Kibo is a multi-asset resource development and energy company with a long-term goal of becoming a
leading power producer in Sub-Saharan Africa. The Company aims to tackle the acute power deficit

which is severely hindering economic development in the region.


Kibo’s flagship asset is the Mbeya Coal to Power Project (‘MCPP’) in Tanzania, which comprises the
Mbeya Coal Mine, a 1.5Mt p/a mining operation, and the Mbeya Power Plant, a 300MW mine-mouth
thermal power station. The Mbeya Coal Mine has a defined 120.8 Mt NI 43 101 thermal coal resource.
A Definitive Feasibility Study has been conducted on the project which underpinned its value and
confirmed an initial rate of return of 69.2%. The 300MW mouth-of-mine thermal power station has
long term scalability with the potential to become a 1000MW plant. The completed full Power
Feasibility Study highlighted a power output target of 1,800 GWh/a based on annual average coal
consumption of 1.5Mt. An Integrated Bankable Feasibility Study report for the entire project indicated
total potential revenues of US$ 7.5-8.5 billion over an initial 25-year mine life, post tax equity IRR
between 21-22%, debt pay-back period of 11-12 years and a construction period of 36 months.


To assist in the execution of this critical power project of the MCPP, Kibo has assembled an
international team of advisors and partners including Engineering Procurement and Construction
(‘EPC’) contractors and financial teams that are assisting in the advancement and development of the
MCPP. These include ABSA/Barclays as Financial Advisor, China based EPC contractor SEPCO III,
General Electric, Tractebel Engineering (Power), Minxcon Consulting (Mining) and legal advisors
Norton Rose Fulbright.


Kibo also has an 85% interest in the Mabesekwa Coal Independent Power Project (‘MCIPP’), a nearly
identical power project in Botswana. The project consists of 300Mt subset of the current in-situ 777Mt
Coal Resource and has water and land use permits and environmental certification in place. A Pre-
Feasibility Study on the coal mine has been completed, as has a Scoping Study, which highlight the
power plant having a maximum capacity of 600MW (4x150MW) based on a coal delivery rate of
3.2Mtpa and a Life of Mine of over 30 years.


Johannesburg
17 May 2018
Corporate and Designated Adviser
River Group

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