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 Allen |
+44 20 3440 6800 |
RFC Ambrian Limited |
NOMAD on AIM |
Isabel de Salis / Beth Melluish |
+44 (0) 20 7236 1177 |
St Brides Partners Ltd |
Investor and Media Relations 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
