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KIBO ENERGY PLC - Update re Katoro Gold plc

Release Date: 31/01/2020 07:15
Code(s): KBO     PDF:  
 
Wrap Text
Update re Katoro Gold plc

   Kibo Energy 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: 30 January 2020
                              Kibo Energy PLC (‘Kibo’ or the ‘Company’)
                                        Update re Katoro Gold plc


   Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to note the
   announcement released by Katoro Gold plc (‘Katoro’) in which it holds a 54.58% interest. This is in
   regard to Katoro’s participation in a strategic gold production opportunity in South Africa, focused on
   the reprocessing of an existing 1.34 million ounce of gold JORC compliant tailings resource.


   The full announcement can be found at Katoro’s website: https://katorogold.com/investors/regulatory-
   news/.

                                                **ENDS**

   For further information please visit www.kibo.energy or contact:


Louis Coetzee            info@kibo.energy           Kibo Energy PLC            Chief Executive Officer
Andreas Lianos           +27 (0) 83 4408365         River Group                Corporate and Designated
                                                                               Adviser on JSE

Jason Robertson          +44 (0) 20 7374 2212       First Equity Limited       Joint Broker

Philip Adler             +44 (0) 20 7392 1494       ETX Capital Limited        Joint Broker
Bhavesh Patel / Stephen +44 20 3440 6800            RFC Ambrian Limited        NOMAD on AIM
Allen
Isabel de Salis /        +44 (0) 20 7236 1177       St Brides Partners Ltd     Investor and Media Relations
Beth Melluish                                                                  Adviser


   Notes
   Kibo Energy PLC is a multi-asset, Africa focused, energy company positioned to address the acute
   power deficit, which is one of the primary impediments to economic development in Sub-Saharan
   Africa. To this end, it is the Company’s objective to become a leading independent power producer in
   the region.


   Kibo is simultaneously developing three similar coal-fuelled power projects: the Mbeya Coal to Power
   Project (‘MCPP’) in Tanzania; the Mabesekwa Coal Independent Power Project (‘MCIPP’) in Botswana;
   and the Benga Independent Power Project (‘BIPP’) in Mozambique. By developing these projects in
   parallel, the Company intends to leverage considerable economies of scale and timing in respect of
strategic partnerships, procurement, equipment, human capital, execution capability / capacity and
project finance.


Additionally, the Company has a 60% interest in MAST Energy Developments Limited (‘MED’), a
private UK registered company targeting the development and operation of flexible power plants to
service the UK Reserve Power generation market.

Johannesburg
30 January 2020
Corporate and Designated Adviser
River Group

Date: 31-01-2020 07:15:00
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