Download Report

Company
Factsheet
Company Overview
Date
April 2015
Price
4.70p
Market Cap
£14.2m (8/4/15)
Code
KIBO / KBO
Listing
AIM / JSE
Shares in issue
303,238,757
Kibo Mining is a Tanzania based minerals
exploration and development company,
exploring and developing one of the
largest exploration land packages in the
country with assets spanning Coal & Power
Generation, Gold, Nickel, Uranium and
Platinum Group Metals (PGM).
The Company’s flagship project is the
large scale Rukwa Coal to Power Project
(“RCPP”) where Kibo will utilise its wholly
owned Thermal Coal deposit to feed a mine
mouth power station.
Kibo Mining is listed on the JSE AltX (KBO)
and on the London Stock Exchange AIM
(KIBO).
KENYA
Consolidated Lake
Victoria Gold
TANZANIA
Haneti Nickel,PGE
& Gold
Morogoro Gold
Rukwa Coal
ZAMBIA
Pinewood Uranium
& Coal
Kibo Projects
www.kibomining.com
Business Strategy
Kibo Mining has built a business model
with a focus on the secure operating
environment in Tanzania, with commodity
diversification across 4 commodities and
five key projects. The broad and diverse
portfolio provides Kibo with strategic
optionality in terms of developing its
assets internally or through joint-venture
agreements with partners.
Ultimately the Company will generate
shareholder value from asset disposals or
through profitability by carrying its projects
through into production.
Underpinning Kibo’s strategic plan is the
depth and maturity of its key stakeholder
relationships from a technical, financial and
governmental perspective.
[email protected]
Company Projects
Haneti Nickel
Kibo Mining has five active projects:
Rukwa Coal to Power
109Mt Thermal Coal deposit in South Western
Tanzania and a mine mouth power station
planned with generation capacity of between
300 and 1000MW and delivering critically
needed power into the Tanzanian grid by
2018, with pre-feasibility studies completed on
both the mine as well as the power station.
Lake Victoria Goldfields
A collection of licence areas in Northern
Tanzania surrounded by existing gold discoveries
and producing gold mines. Existing JORC
and NI 43-101 compliant gold resources of
approximately 700,000oz with established
upside potential and gold production planned
from one area, Imweru Project, by 2017.
Experienced
Management
Team
Kibo Mining is led by
a highly experienced
management team, with
a strong track record of
success in Tanzania and with
a reliable regional network.
Ultramafic nickel prospective belt extending for
80km, with advanced exploration undertaken
to date and drill targets seeking nickel sulphide
mineralisation. Project is also prospective for
gold, PGM, lithium, niobium and tantalum.
Pinewood Uranium
Project situated in the Mtwara corridor, Southern
Tanzania and located near established uranium
projects under development. The Pinewood
project is held under a 50/50 Joint Venture with
Metal Tiger plc an AIM listed peer of Kibo Mining.
Morogoro Gold Project
Located in Eastern Tanzania the Morogoro project
is an early stage exploration interest situated
just 150km away, and within similar geology, as
the one million ounce gold discovery by Canaco
Resources at Magambezi. This project is also
under 50/50 Joint Venture with Metal Tiger plc.
Christian Schaffalitzky, Non-Executive Chairman: has over 35
years’ experience in mineral exploration and mining finance and
is also managing director of AIM-listed Eurasia Mining plc.
Louis Coetzee, CEO: has significant experience in the business
development of junior mineral exploration companies with Tanzanian
assets and was Vice President, Business Development at Great
Basin Gold and the former CEO of East Africa Resources.
Louis Scheepers, COO: has extensive execution experience
in feasibility study and greenfields mining projects, having held
positions at Great Basin Gold, BHP Billiton (Energy Coal) and
Mzuri Exploration Services in Tanzania
Andrew Lianos, Financial Director: chartered accountant with
over 25 years’ experience across a range of senior roles and Cofounder and director of River Group an International corporate
finance house.
Noel O’Keeffe, Exploration Director: has over 20 years of
experience in mineral exploration. Prior to co-founding Kibo,
Noel was exploration manager with Ormonde Mining Plc
Tinus Maree, Non-Executive Director: has extensive public
company directorship experience and a successful record in
development and sale of mineral projects in Tanzania
Wenzel Kerremans, Non-Executive Director: has over
25 years’ legal experience in mining, banking and project
finance and extensive experience in advising clients on mining
investment in Africa
www.kibomining.com
[email protected]
Rukwa
Factsheet
Kibo Mining Overview
Tanzania - A place to do business
Kibo Mining is a Tanzania based minerals exploration
and development company, exploring and developing
one of the largest exploration land packages in
the country with assets spanning Coal & Power
Generation, Gold, Nickel, Uranium and Platinum
Group Metals.
The Company’s flagship project is the large scale
Rukwa Coal to Power Project (“RCPP”) where Kibo
will utilise its wholly owned Thermal Coal deposit to
feed a mine mouth power station.
One of the world’s fastest-growing economies Tanzania
is a fast-developing country, attracting investment
from the UK, the US, South Africa and China. The
country provides a politically stable environment for
investment with its high growth momentum, a globally
competitive tax regime, numerous strategic opportunities
and regulatory support for mining projects.
Rukwa - Advanced Project
at Development Stage
Kibo Mining is listed on the JSE AltX (KBO) and on
the London Stock Exchange AIM (KIBO).
Demand for new sources of
power to fuel growth
• T
anzania’s GDP is set to grow at a rate of
7% per year, according to the IMF
• Significant power under-capacity, as the country has less
than 1000MW operational, out of the 2000MW it requires
• To meet its growth demands, the country
requires the development of new sources of
power – the Tanzanian government is therefore
highly supportive of Kibo’s coal project
• Tanzania is focused on developing IPPs, with
simplified and accelerated handling of projects
• Major development of power transmission
network commencing in 2014
• Competitive tax and regulatory regime, peaceful
working environment and trained technical staff
Development
Proposed
Timeline »
Key Activities »
3-4 months
• T
he Rukwa coal project is a JORC-compliant
109Mt coal deposit in Tanzania
• T
his resource will support a 300-350
MW coal fired power station
• C
oal and Power PFS, completed in December
2014, indicated low mining cost over a Life of
Mine of at least 27 years and confirmed coal
suitability for thermal power generation
• T
he PFS reflect a feasible project with attractive returns
• E
xisting infrastructure: fresh water supply, road
and rail transport, national electricity grid
• S
tandard Bank appointed as Financial
Advisor, providing significant expertise
Rukwa - next steps
• C
onclude extensive discussions and
confirm project development partner
• C
ontinue and finalise project feasibility work
in preparation for the construction phase
• D
eliver first power to the grid within four
years as outlined in the schematic below
Feasibility studies &
financial closure
Execution
6-9 months
Operations & Maintenance
-3 years
25 year concession period
PRE FEASIBILITY STUDIES
FEASIBILITY STUDIES
DESIGN & CONSTRUCTION
OPERATIONS & MAINTENANCE
Power plant sizing
Detailed project costing
& economics
BTG/BoP
Day-to-day operations
Economic viability
Detailed Engineering design
Coal & ash handling units
Regular maintenance
Preliminary investment
cost estimation
Detailed environment &
social assessment impact
Water supply, treatment
& waste discharge
Initial environmental &
social impact assessment
Discussions with banks
for debt funding
Fuel delivery, air quality control
& heat rejection systems
Coal mine development expected to complete in 3-4 years by Mzuri Power
www.kibomining.com
First MW expected to be
generated within 4 years
[email protected]