Half Yearly Report -5-
21 June 2012 - 4:58PM
UK Regulatory
The mineral assets of the Company comprise three existing and
two newly acquired projects in Tanzania - Haneti (nickel, platinoid
elements and gold), Morogoro (Gold) and Lake Victoria (Gold) which
give Kibo access to over 18,000 km2 of early stage exploration
licences in Tanzania's premier gold mining region, the Lake
Victoria Goldfield and within the newly emerging gold exploration
regions in eastern Tanzania.
The Company has recently also acquired, subject to certain
suspensive closing conditions and approvals, coal and uranium
exploration projects as publicly announced on 2 April 2012 in
accordance with its multi-commodity exploration strategy.
Kibo's objective is to enhance Shareholder value through
acquisition, exploration and development of mineral assets in
Tanzania. This objective will be pursued primarily through active
exploration, particularly drilling on its current projects and by
using the Company's experience in Tanzania to acquire further
quality mineral projects on competitive terms that can be quickly
evaluated and taken to the next stage of development. Kibo will
undertake continual risk assessment of its projects and take
whatever actions it believes are necessary to ensure that these
risks are mitigated.
Updates on the Company's activities are regularly posted on its
website www.kibomining.com
London
Corporate and Designated Advisor
River Group
21 June 2012
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR SEMSMFFESEIM
Kibo Energy (LSE:KIBO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kibo Energy (LSE:KIBO)
Historical Stock Chart
From Jul 2023 to Jul 2024