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KIBO MINING PLC - Kibo commences monthly Q&A for investors

Release Date: 12/04/2017 10:00
Code(s): KBO     PDF:  
Wrap Text
Kibo commences monthly Q&A for investors

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:  IE00B97C031
("Kibo" or "the Company")


12 April 2017

Kibo commences monthly Q&A for investors

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 is commencing a monthly
 Q&A session for investors, hosted by Vox markets. 

To take part in the sessions, send your questions to investors@kibomining.com and register with 
Vox Markets at www.voxmarkets.co.uk/ 

Vox Markets is an award-winning service that provides the sophisticated investment community with 
aggregated information from a variety of sources. To learn the latest on Kibo follow 'KIBO' at 
www.voxmarkets.co.uk/company/KIBO to receive push notifications when Kibo features in the press, 
releases an RNS or features on a podcast interview. 

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           Broker
                                                                             Limited

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

Liz Morley / 
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 43-101compliant defined 
resource, and is developing a 250-350 MW mouth-of-mine thermal power station, the Mbeya Coal to 
Power Project ("MCPP"), previously called the Rukwa Coal to Power Project ("RCPP"), with an 
established management team that includes ABSA / Barclays as Financial Advisor. Kibo has completed
 a Coal Mining Definitive Feasibility Study and a Power Pre- Feasibility Study for the Mbeya project and 
has recently announced the completion of an Integrated Bankable Feasibility Study report for the 
project. On 25 August 2016, Kibo signed an Agreement with China based EPC contractor SEPCO III 
granting it the right to become the sole bidder for the EPC contract to build the power plant component of the MCPP 
in exchange for SEPCO III refunding 50% of the development costs incurred by Kibo to date on the 
project. Kibo has already received the first tranche of this funding in the amount of US$1.8 million on 
the 5th September 2016 and signed an EPC contract with SEPCO III on the 19th December 2016.

The Company also has extensive gold focused interests in Lake Victoria Goldfields of northern Tanzania, 
including 100% owned projects with a 515,000 oz. JORC compliant gold Mineral Resource at the Imweru 
Project and a 240,000 oz. JORC 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.

The Company's projects are located in the established and gold prolific Lake Victoria Goldfields 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
12 April 2017
Corporate and Designated Adviser
River Group


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