KIBO MINING PLC - Kibo Receives First Payment Under Newly Signed SEPCO III Agreement

Kibo Receives First Payment Under Newly Signed SEPCO III Agreement

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”)

5 September 2016

Kibo Receives First Payment Under Newly Signed SEPCO III Agreement

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused 
mineral exploration and development Company, is pleased to announce that it has today 
received proof of payment for the amount of USD1, 800, 000.00 from SEPCO III. This 
payment was received in settlement of the first fixed payment due under the new 
Agreement (the “Agreement”) with major international China based EPC contractor, SEPCO 
III, announced on 25 August 2016.

Louis Coetzee, CEO of Kibo Mining, said: “SEPCO III’s prompt and diligent performance 
with regard to the first payment due under the Agreement demonstrates great enthusiasm 
for and belief in the MCPP as well as in the Company. We believe that all the remaining 
conditions in the Agreement will be met with the same diligence and that the Kibo / 
SEPCO III relationship will play a pivotal role in the further development and ultimate 
delivery of the MCPP.”Contacts


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 Rukwa Coal to Power 
Project (“RCPP”), 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 100% owned projects with a 
550,000 oz. JORC compliant gold Mineral Resource at the Imweru Project and a 168,000 oz. 
NI 43-101 compliant gold Mineral Resource at the Lubando Project. 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 
5 September 2016
Corporate and Designated Adviser 
River Group





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