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KIBO MINING PLC - Mbeya Coal to Power Project: Completion of Water Availability Study

Release Date: 30/06/2016 08:00
Code(s): KBO     PDF:  
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Mbeya Coal to Power Project: Completion of Water Availability Study

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”)

30 June 2016

Mbeya Coal to Power Project: Completion of Water Availability Study 


Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focussed 
mineral exploration and development company is pleased to announce completion of the 
independent, integrated Water Availability Study for the Mbeya Coal to Power Project 
(“MCPP”). 

The Water Availability Study (“the Study”), to determine sustainable groundwater yields 
and pit inflows through aquifer testing and numerical flow modelling, was performed by 
Shangoni Management Services, the consultants appointed to execute the Environmental and 
Social Impact Assessment for the MCPP. The following activities formed part of the Study:


     1. Geophysics (resistivity surveys) within the vicinity of the Study area, with 
        focus in and around the pit area to determine geological anomalies or lineaments 
        and preferential flow paths for the movement of groundwater. 

     2. Drilling of boreholes into identified anomalies. 

     3. Aquifer testing (slug and pump testing) to determine aquifer hydraulics for flow 
        modelling (pit inflows) and sustainable borehole yields.

     4. Water sampling for hydro chemical and biological analyses (and general borehole 
        surveys including GPS surveying (XYZ) and static water levels for model 
        calibration. 

     5. Numerical modelling inclusive of steady- and transient state flow models to 
        determine pit inflows for the Life of Mine (“LoM”) and dewatering strategies. 
        The numerical model aimed to:

        a. estimate the groundwater seepage rate to the pit over the Life of Mine (LOM);
           and
 
        b. estimate the sustainable yield of the aquifer(s) in the area with a view to 
           meeting the bulk water supply to the proposed project.


The Study concluded that ground water would be available in sufficient and sustainable 
quantities throughout the life of plant, to adequately supply the power station with 
water in accordance with the power plant design specifications, stated in the MCPP 
Power Feasibility Study. 

Louis Coetzee, CEO of Kibo Mining plc said "We are delighted with the outcome of the 
Water Availability Study and with yet another work stream completed we are getting ever 
closer to concluding work on the MCPP feasibility studies. This study also formed a very 
important part of the ESIA which is now also nearing completion as scheduled."


Contacts

Louis Coetzee
+27 (0) 83 2606126
Kibo Mining plc
Chief Executive Officer

Andreas Lianos
+27 (0) 83 4408365
River Group
Corporate Adviser and Designated Adviser on JSE

Jon Belliss
+44 (0) 207 382 8300
Beaufort Securities Limited
Broker

Oliver Morse
+61 8 9480 2500
RFC Ambrian Limited
Nominated Adviser on AIM

Daniel Thöle / Anna Legge
+44 (0) 203 772 2500
Bell Pottinger
Investor and Media Relations


Kibo Mining - Notes to editors 

Kibo Mining is listed on the AIM market in London and the AltX in Johannesburg. The 
Company is focused on exploration and development of mineral projects in Tanzania, and 
controls one of Tanzania's largest mineral right portfolios. Tanzania provides a secure 
and stable operating environment for the mineral resource industry and Kibo Mining 
therein.

Kibo Mining holds a thermal coal deposit at Mbeya, which has a significant NI 43-101 
compliant defined resource, and is developing a 250-350 MW mouth-of-mine thermal power 
station, the Mbeya Coal to Power Project (“MCPP”), previously called Mbeya Coal to Power 
Project (“MCPP”), with an established management team that includes Standard Bank as 
Financial Advisor. Kibo is undertaking a Coal Mining Definitive Feasibility Study and a 
Power Pre-Feasibility Study for the Mbeya project with an integrated Bankable Feasibility 
Study report for the MCPP to be released in the near term. On 20th April 2015, Kibo 
signed a Joint Development Agreement for the completion of the Definitive Feasibility 
Studies and development of the MCPP with China based EPC contractor SEPCO III.

The Company also has extensive gold focused interests including Lake Victoria Goldfields 
and Morogoro projects. At Lake Victoria, the Company has projects with a 550,000 oz. 
JORC compliant gold Mineral Resource at Imweru Project and a 168,000 oz. NI 43-101 
compliant gold Mineral Resource at the Lubando Project in which the Company holds a 90% 
attributable interest. The Company is currently undertaking a Definitive Feasibility 
Study on its Imweru Project.

Kibo also holds the Haneti Project on which the latest technical report confirms 
prospectivity for nickel, PGMs, gold and strategic metals including lithium.

Kibo Mining further holds the Pinewood (coal & uranium) project where the company has 
entered into a 50/50 Exploration Joint Venture with Metal Tiger plc.

Finally, the Company also holds the Morogoro (gold) project where the company has also 
entered into a 50/50 Exploration Joint Venture with Metal Tiger plc.

The Company's projects are located in the established and gold prolific Lake Victoria 
Goldfields, the emerging goldfields of eastern Tanzania and the Mtwara Corridor in 
southern Tanzania where the Government has prioritized infrastructural development 
attracting significant recent investment in coal and uranium. The Company has a positive 
working relationship with the Tanzanian government at local, regional and national levels 
and works hard to maintain positive relationships with all communities where company 
interests are held. The Company recognizes the potential to enhance the quality of life 
and opportunity for Tanzanian citizens through careful development of its projects.

Updates on the Company's activities are regularly posted on its website www.kibomining.com

Johannesburg
30 June 2016
Corporate and Designated Adviser
River Group





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