just a couple of bits of recent publicity to keep us awake!
A full internal review of historic exploration data from mineral asset explorer and developer Kibo Mining’s flagship Imweru project, in Tanzania, has confirmed the potential viability of early gold production. The review had demonstrated that Mweru – which had a resource of 550 000 oz – held sufficient existing Joint Ore Reserves Committee-compliant gold resources to support production and that there was a “high degree†of confidence that additional exploration would add to the resource inventory. Mineralisation appeared suitable for traditional processing methodologies, while feed ore would be suitable for a variety of processing options. In addition, the review noted that significant localised infrastructure was available, recognising the considerable quantity of gold exploration and mining activities already undertaken in the region. “Subject to necessary feasibility work and mine planning, it may be possible to produce gold from Imweru in the near term,†Kibo said in a statement. The company added that it recognised that the market, and those with a commercial interest in the type of project that Imweru represented, were keen to see the project developed “in a manner that enables the earliest effective commercialisationâ€. “Consistent with the company’s strategy, Kibo is also keen to see commercial development of its projects, whether by way of the company owning and operating producing assets, or by disposal of assets on favourable terms. “We also recognise that, whether the ultimate direction is production or sale, commercialisation of interests moves Kibo toward self-financing status, thus reducing reliance on the market for financing of [its] activities,†it stated. CEO Louis Coetzee said the board was “delighted†with the review findings and, notably, that this resource could potentially be accelerated into early production. “We intend to report regularly on continuing developments at Imweru, alongside news from our Rukwa project, in Tanzania, as we move to value crystallisation at the coal-to-power project,†he commented.
Coal outlook Lovett adds that the use of coal at Rukwa – which is seemingly usable for thermal power – is “very encouraging newsâ€. The first stage of the mining definitive feasibility study (DFS) for Tanzania-focused mineral exploration and development company Kibo Mining’s Rukwa coal-to-power project is expected to be completed by the end of this November. It will cover the conventional pre-feasibility elements that are associated with a coal mine feasibility study. This is in addition to assessing certain key mining parameters required for the planning of a DFS on the proposed Rukwa power plant. Moreover, African coal explorer Edenville Energy’s Tanzanian entity, Edenville International-Tanzania, has been awarded an environmental-impact assessment certificate. This signals approval for coal-mining at the Namwele and Mkomolo coal deposits, near Lake Rukwa, to start. Edenville International-Tanzania’s future mining objectives include the completion of a feasibility study, as well as subsequent conversion of current prospecting licences and primary mining licences into a full mining licence -- with further environmental studies and approvals required as part of the development processes for a power plant. “Tanzania has significant coal reserves, so if a successful project can be developed, this should catalyse further investment in coal,†Lovett concludes.
Matter of time : it's only a matter of time before this is up around the pound yes pound mark and the only variable is how long will it be before it happens
Posts: some great posts today so big thank you from me to youngbuck dolly carvey et all really appreciate the effort you are putting into this irrespective of who is right or wrong .. Come on range turn this around and start paying back the loyal investors who have put so much time effort and cash into this
Prospects: cheers Andrew very interesting looking at the shares issued market cap etc I really think this could take off big time only hope we don't attract the pump and dump brigades of other stocks I really wouldn't be surprised it this rockets to many times current sp and could easy have mcap of ten times what it is now... Be interested to hear your take on it
Reality
h i see you what you mean now apologies didnt read it properly will pay attention next time.. onwards and upwards today i hope good luck to all holders of long postions
Reality: hi Lewis yes I couldnt agree more either apart from the last bit ummmmm .. thats harry not louise
Oil prices: probably the most cyclical commodity, there will go up again as quickly as they have come down thats for sure
news and updates: is what we need .. mind you a bit suprised we aren't trading a bit nearer the 1p mark...