Notice of Presentation & Letter to Shareholders

RNS Number : 7692W

Kibo Mining Plc

12 November 2014

 

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:IE00B61XQX41

("Kibo" or "the Company")

12 November 2014

Notice of Presentation in London and Letter to Shareholders

Kibo Mining plc ("Kibo"or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce it will be presenting to investors at the MiningMaven Investor Evening in London on Thursday 13^th November 2014.  This presentation will be made available from Kibo's website. Shareholders and investors wishing to attend this evening may register free of charge at the event website:

https://www.eventbrite.co.uk/e/miningmaven-investor-evening-mosman-oil-gas-ecr-minerals-kibo-mining-registration-9994274143

In addition, the Company would also draw attention to a Letter to Shareholders from the Company Chief Executive Officer Louis Coetzee, which provides a comprehensive update on the Company's principle activities and interests.  This letter will be made available shortly on the home page of the Company's website at http://kibomining.com/uf//Letter to Shareholders v3.0_11-11-2014.pdf

Louis Coetzee, CEO of Kibo Mining, said: "We are delighted to once again have the opportunity to discuss the Company's progress face to face with shareholders and investors.  Tremendous progress has been made in the Company's key interests during the last year and we at the point of significant further value add, notably in respect of the Rukwa Coal to Power Project and the Imweru Gold Project.  We recognise the extremely difficult market climate for natural resource equities at present, but such conditions do not remain in perpetuity. Therefore, through this presentation and the Letter to Shareholders on our website we wish to demonstrate the Company's confidence and enthusiasm for its business assets and our commitment to see their value properly reflected in our market capitalisation."

Contacts

Louis Coetzee	[phone]	Kibo Mining plc	Chief Executive Officer
Andreas Lianos	[phone]	River Group	Corporate Adviser and Designated Adviser on JSE
Jon Belliss Abigail Wayne	[phone]	Hume Capital Securities Plc	Broker
Oliver Morse and Trinity McIntyre	[phone]	RFC Ambrian Limited	Nominated Adviser on AIM
Daniel Thöle Lydia Eades	[phone] [phone]	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 Rukwa, which has a significant JORC compliant defined resource, and is developing a 250-350MW mouth-of-mine thermal power station with an established management team that includes Standard Bank as Financial Advisor.

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

The Company also has extensive gold focused interests including Lake Victoria Goldfields and Morogoro projects. At Lake Victoria, the Company has projects with a substantial existing JORC compliant gold resource and is seeking to materially increase this resource through exploration of known extensions to existing mineralisation.

Kibo Mining also holds the Pinewood (coal & uranium) projects.

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 prioritised 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 recognises 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 November 2014

Corporate and Designated Adviser

River Group

 

END

 

 

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