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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   02/06/2016
 
Kibo & LVG to fasttrack gold project in Tanzania
 

Kibo Mining plc announced that it has signed a Memorandum of Understanding with Lake Victoria Gold Ltd to consolidate the companies’ respective Imweru and Imwelo gold projects into a new company.

The objective for the amalgamation is to fast-track the development of a gold mine on the project based on the combined existing stated resource base of approximately 755,000 oz gold.

The projects which lie directly adjacent to each other, are targetting production of 50,000 oz. of gold per annum within 12 to 18 months of forming the 'NEWCO', targetingand 100,0000 oz. per annum within 24 to 30 months.

The existing Lake Victoria mining right will also cover Kibo Imweru project after amalgamation.

Kibo’s Imweru Gold Project and Lake Victoria’s Imwelo Gold Project are located in the Lake Victoria Goldfield of northern Tanzania, approximately 35 km west of AngloGold Ashanti’s world class Geita Mine.


 
 
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