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Katoro Gold pre-tax losses rise

By BFN News | 08:18 AM | Wednesday 27 September, 2017

Katoro Gold's pre-tax losses rose to £1.2m in the six months to the end of June - up from £73,025 last time. It said first half highlights included: - Successful completion of the acquisition of Kibo Gold for £3.66m in May - Focused on unlocking the value of the company's highly prospective gold portfolio, with a primary focus on advancing and fast-tracking the development of Imweru - Commencement of the key mining decision deliverables, being a Pre-Feasibility Study, a drilling programme to further prove up the Mineral Resource base, a Feasibility Study and a Mining Licence Application. Executive chairman Louis Coetzee said: 'We are very pleased with progress on the Imweru project. 'We are currently still well ahead of schedule, within budget and on course to meet our objective of commencing with production by the end of 2018.' At 8:18am: (LON:KAT) Katoro Gold Mining Plc share price was 0p at 3.25p Story provided by

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