Proactiveinvestors United Kingdom Katoro Gold https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Katoro Gold RSS feed en Wed, 19 Jun 2019 23:47:38 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Update re African Battery Metals Agreement ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190619140003_14117088/ Wed, 19 Jun 2019 14:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190619140003_14117088/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190618101413_14115008/ Tue, 18 Jun 2019 10:14:13 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190618101413_14115008/ <![CDATA[RNS press release - Posting of Annual Report and Notice of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190523120004_14085397/ Thu, 23 May 2019 12:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190523120004_14085397/ <![CDATA[News - Katoro Gold reviewing prospective new projects as it seeks to diversify portfolio ]]> https://www.proactiveinvestors.co.uk/companies/news/220803/katoro-gold-reviewing-prospective-new-projects-as-it-seeks-to-diversify-portfolio-220803.html Katoro Gold PLC (LON:KAT) said it is reviewing prospective new projects as part of its strategy to diversify the portfolio to increase its expose to new commodities and locations.

READ: Katoro shines as it discovers previously unknown exploration target at Haneti Nickel project

The Tanzanian-focused explorer made the announcement as it published its 2018 results, which showed it narrowed its loss to £492,275 from £1.9mln last year and ended the year with “adequate financial resources” to continue operations for the “foreseeable future”.

Haneti acquisitoin an 'exciting opportunity' for Katoro

A key highlight of last year was Katoro’s completion of the acquisition of the Haneti Nickel Project in Tanzania from majority shareholder, Kibo Energy PLC.

“We believe this to be an exciting opportunity for Katoro, given nickel's notable role in the rapidly growing electric vehicle battery market,” executive chairman, Louis Coetzee said.

READ: Katoro Gold sees African Battery Metals tie-up as perfect fit for Haneti project

Katoro said a review and analysis of historic work at Haneti has led it to believe the project could host a honolith type nickel sulphide deposit.

It identified several high priority exploration targets, including Mihanza Hill, and are now advancing its 2019 work programme to ascertain the existence of disseminated or massive sulphide mineralisation.

A soil sampling programme was completed and submitted for independent laboratory analysis. This delivered results reconfirming, and extending the strike length, of the previously identified high priority ultramafic exploration targets. The sampling also found  an additional ultramafic target, previously unknown to the company.

Last week African Battery Metals Plc (LON:ABM) exercised an option to acquire a 25% interest in Haneti and a 5.96% interest in Katoro for £100,000.

Katoro determining next steps for Imweru project

Elsewhere, a pre-feasibility study of the Imweru project was put on hold due to conduct further assessments to determine the extent to which new Tanzanian mining legislation and regulations could impact the viability of the project.  

Following competition of the assessment, the company concluded that there was “still good upside exploration and development potential for the further development in time of the project”. 

“We are continuing our engagement with the Tanzanian Ministry of Minerals to determine the next steps with regards to the project's development,” it said.

Katoro assessing economic potential of Lubando project

Katoro is continuing to assess the economic potential of its other gold project, Lubando, in Tanzania.

The project remains on hold as Katoro focuses on the potential development of the Imweru project and the Haneti projects.

“Looking ahead, I am particularly excited about Haneti's potential, which has multiple value upside triggers ahead and I look forward to keeping shareholders updated on our progress in this regard,” Coetzee said.

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Wed, 22 May 2019 15:11:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220803/katoro-gold-reviewing-prospective-new-projects-as-it-seeks-to-diversify-portfolio-220803.html
<![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190522143002_14083920/ Wed, 22 May 2019 14:30:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190522143002_14083920/ <![CDATA[News - Katoro shines as it discovers previously unknown exploration target at Haneti Nickel project ]]> https://www.proactiveinvestors.co.uk/companies/news/220605/katoro-shines-as-it-discovers-previously-unknown-exploration-target-at-haneti-nickel-project-220605.html Katoro Gold PLC (LON:KAT) shares sparkled on Monday after soil sampling discovered a previously unknown exploration target at its Haneti Nickel project in Tanzania.

The AIM-listed firm said the 1,500 samples analysed as part of the programme had also increased the strike length of other previously identified high priority areas.

READ: Katoro Gold sees African Battery Metals tie-up as perfect fit for Haneti project

"The results from the comprehensive soil sampling programme undertaken at Haneti have served to further increase our confidence in the prospectivity of the Project”, said Louis Coetzee, Katoro’s executive chairman.

The company will now use the sampling data to inform an exploration plan at the project through 2019 as well as for defining a maiden drilling programme at the site.

In early afternoon trading, Katoro’s shares were 31% higher at 1p.

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Mon, 20 May 2019 13:05:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220605/katoro-shines-as-it-discovers-previously-unknown-exploration-target-at-haneti-nickel-project-220605.html
<![CDATA[RNS press release - Results of Haneti Sampling Programme ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190520123513_14080441/ Mon, 20 May 2019 12:35:13 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190520123513_14080441/ <![CDATA[RNS press release - Update re African Battery Metals Agreement ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190515151504_14075417/ Wed, 15 May 2019 15:15:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190515151504_14075417/ <![CDATA[RNS press release - Update re Agreement with African Battery Metals ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190515143001_14075332/ Wed, 15 May 2019 14:30:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190515143001_14075332/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190315164109_14004699/ Fri, 15 Mar 2019 16:41:09 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190315164109_14004699/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190315163548_14004690/ Fri, 15 Mar 2019 16:35:48 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190315163548_14004690/ <![CDATA[News - Katoro Gold sees African Battery Metals tie-up as perfect fit for Haneti project ]]> https://www.proactiveinvestors.co.uk/companies/news/216552/katoro-gold-sees-african-battery-metals-tie-up-as-perfect-fit-for-haneti-project-216552.html Katoro Gold plc (LON:KAT) boss Louis Coetzee has told investors that the new partnership with African Battery Metals plc (LON:ABM) is a perfect fit for the development of the Haneti nickel project.

ABM is making a small initial investment in Katoro to secure an option that will allow it to acquire up to 35% of Haneti.

Katoro currently holds 100% of the Haneti nickel project which is also prospective for platinum-group-elements, cobalt, copper, gold and lithium.

READ: Katoro sees high priority exploration targets at the Haneti nickel project

"We are very pleased with the interest ABM has acquired in Katoro and the agreement holds the promise of establishing a strategic partnership with ABM, with whom we can explore and ultimately hopefully develop the full potential of Haneti,” Coetzee said.

ABM is initially investing £25,000 to acquire 2.5mln Katoro shares, at 1.25p each, and, it also receives the option to acquire a further 7.5mln shares priced at 1p each – thereafter, a tranche of 7.5mln share warrants will be issued to ABM, allowing them to convert into additional shares at 1.25p each within three years.

Once the option is taken up, ABM will acquire a 25% interest in the Katoro Nickel subsidiary that holds the Haneti asset, and, thereafter the company will accordingly be committed to covering 25% of the project’s costs.

It will also have the opportunity to acquire an additional 10% of Katoro Nickel with a further payment.

Coetzee added: “The investment by ABM announced today, fits perfectly with Katoro's development strategy for Haneti and will enable the company to execute its exploration program for Haneti quicker and with significantly more effectiveness and efficiency.

“We are looking forward to working with ABM on an accelerated exploration programme at Haneti, that builds on the extensive existing knowledge that Katoro, and Kibo Energy PLC, its prior owner and majority shareholder of Katoro, have gathered.”

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Fri, 15 Mar 2019 11:25:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/216552/katoro-gold-sees-african-battery-metals-tie-up-as-perfect-fit-for-haneti-project-216552.html
<![CDATA[RNS press release - Investment and Option Agreement with Katoro Gold ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190315100003_14003936/ Fri, 15 Mar 2019 10:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190315100003_14003936/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190215080001_13970810/ Fri, 15 Feb 2019 08:00:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190215080001_13970810/ <![CDATA[RNS press release - Update to Admission to Trading Date of Fee Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190211115343_13965062/ Mon, 11 Feb 2019 11:53:43 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190211115343_13965062/ <![CDATA[News - Katoro Gold issues shares to settle fees and grants options to management ]]> https://www.proactiveinvestors.co.uk/companies/news/214235/katoro-gold-issues-shares-to-settle-fees-and-grants-options-to-management-214235.html Katoro Gold PLC (LON:KAT), the Tanzania-focused gold exploration and development company, has settled some bills through the issue of shares.

In a cash-saving exercise, the company has agreed to issue 7.96mln shares to Mzuri Exploration Services, a subsidiary of the company’s largest shareholder, Kibo Energy, for services provided. Future fees charged by MXS up to the end of May will also be settled through the issue of shares at 1.3p a pop.

Shares in Katoro closed at 0.6p last night.

READ: Katoro Gold says it has identified several high priority exploration targets at the Haneti Nickel Project

Katoro said it has also agreed to issue 556,077 shares to Pieter Krugel, the company's financial controller, at an assumed price of 1.3p each, in lieu of overtime for his ongoing services provided to the company

Furthermore, the board has resolved to issue 14.94mln new share options to the board and management of the company.

The options constitute 10% of the company's current issued share capital and were issued at a price of 1.3 pence each, the same as the issue price of shares in the company's most recent fundraising price.

The options have a shelf life of seven years with 50% vesting on the date of issue and the remaining 50% vesting in one year.


 

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Fri, 08 Feb 2019 07:29:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214235/katoro-gold-issues-shares-to-settle-fees-and-grants-options-to-management-214235.html
<![CDATA[RNS press release - Corporate Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190208070002_13962557/ Fri, 08 Feb 2019 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190208070002_13962557/ <![CDATA[News - Katoro Gold says it has identified several high priority exploration targets at the Haneti Nickel Project ]]> https://www.proactiveinvestors.co.uk/companies/news/213589/katoro-gold-says-it-has-identified-several-high-priority-exploration-targets-at-the-haneti-nickel-project-213589.html Katoro Gold PLC (LON:KAT) said review and analysis by the company of all historic work undertaken on the Haneti Nickel Project (HNP) in Tanzania has now completed leading it to identify several high priority exploration targets.

The AIM-listed Tanzanian-focused exploration and development company said a new prepared work programme has commenced, with a soil sampling programme completed and ready to be submitted for laboratory analysis.

READ: Katoro Gold shines as it acquires Haneti Nickel project in Tanzania from Kibo Energy

The firm said the initial focus is to be the Mihanza Hill target on the 5,000 sq. km polymetallic project, which is a highly prospective, high-grade nickel sulphide asset acquired by Katoro in November 2018.

Louis Coetzee, Katoro's executive chairman commented: "Having only completed the acquisition of HNP last November, we are delighted with the rapid progress that has already been achieved. 

“With several high priority exploration targets now identified, we are focused on advancing a new work programme at the Project to establish evidence of disseminated sulphide mineralisation.  Accordingly, we look forward to updating the market on the upcoming developments."

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Wed, 30 Jan 2019 07:55:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213589/katoro-gold-says-it-has-identified-several-high-priority-exploration-targets-at-the-haneti-nickel-project-213589.html
<![CDATA[RNS press release - Haneti Nickel Project Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190130070004_13951077/ Wed, 30 Jan 2019 07:00:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190130070004_13951077/ <![CDATA[RNS press release - New Corporate Website ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190116090119_13936499/ Wed, 16 Jan 2019 09:01:19 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20190116090119_13936499/ <![CDATA[News - Katoro Gold shines as it acquires Haneti Nickel project in Tanzania from Kibo Energy ]]> https://www.proactiveinvestors.co.uk/companies/news/209954/katoro-gold-shines-as-it-acquires-haneti-nickel-project-in-tanzania-from-kibo-energy-209954.html Shares in Katoro Gold PLC (LON:KAT) shined in late-afternoon trading Monday after it acquired the Haneti Nickel project in Tanzania.

The exploration firm said it had purchased the project through an all-share acquisition of Kibo Nickel Limited and Eagle Exploration Limited from their majority shareholder Kibo Energy PLC (LON:KIBO).

READ: Katoro Gold boasts of “highly active” first half

The transaction would involve Katoro issuing around 15.4mln new shares to Kibo at 1.3p each to satisfy the £200,000 deal alongside a royalty agreement to pay Kibo 2% of the proceeds on any sales revenue in respect to nickel and nickel concentrates from the project.

Katoro said the Haneti project was a “highly prospective, high-grade nickel sulphide asset”, with previous samples having identified grades of up to 13.59% nickel, 0.25% cobalt, 78 parts per billion (ppb) gold, 413 ppb platinum, 1930 ppb palladium, and 927 parts per million (ppm) copper alongside “significant” lithium anomalies. 

The company added that independent work carried out by Western Geophysics Pty had underlined the potential for “substantial nickel sulphide deposits” at the project.

Katoro said it now intended to implement its own work programme to confirm the prospectivity at Haneti.

Louis Coetzee, Katoro's executive chairman said the project was “an exciting opportunity” given “strong nickel market fundamentals” driven by demand in the electric vehicle and energy storage markets, where it is a primary component in rechargeable batteries.

Katoro shares were up 5.8% at 0.9p, while Kibo shares were up 1.2% at 2p.

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Mon, 26 Nov 2018 15:18:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/209954/katoro-gold-shines-as-it-acquires-haneti-nickel-project-in-tanzania-from-kibo-energy-209954.html
<![CDATA[RNS press release - Acquisition of High-Grade Nickel Sulphide Project ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20181126143504_13880628/ Mon, 26 Nov 2018 14:35:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20181126143504_13880628/ <![CDATA[News - Katoro Gold boasts of “highly active” first half ]]> https://www.proactiveinvestors.co.uk/companies/news/204647/katoro-gold-boasts-of-highly-active-first-half-204647.html Katoro Gold PLC (LON:KAT) executive chairman Louis Coetzee highlighted an already “highly active” year as the Tanzania-focused explorer released results for the first half.

The company, in the interim statement, described ‘positive progress’ in its efforts to build a diversified mining portfolio.

READ: Katoro Gold booms as it confirms plans to press ahead at Imweru project

During the period, it entered into a deal to acquire 100% interest in Kibo Nickel Ltd, the polymetallic Haneti nickel project, and, elsewhere, it has completed the technical aspects of the Imweru gold project.

"2018 has already been a highly active year for the company,” Louis Coetzee, the company's executive chairman said.

“We have focused on the development of the Imweru gold project as well as delivering on our strategy to diversify the company's asset portfolio by agreeing to the conditional acquisition of Kibo Nickel. 

“We now believe that we have a strong platform for growth in order to provide value to our shareholders."

Katoro raised £325,000 of new capital via a share placing during the period, with the funds earmarked for the continuing development of the portfolio.

It ended the six month period with £384,677 in cash and equivalents, while the pre-revenue firm reported a £153,279 loss.

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Tue, 11 Sep 2018 14:05:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/204647/katoro-gold-boasts-of-highly-active-first-half-204647.html
<![CDATA[RNS press release - Unaudited Interim Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180911130923_13786720/ Tue, 11 Sep 2018 13:09:23 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180911130923_13786720/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180725083326_13730518/ Wed, 25 Jul 2018 08:33:26 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180725083326_13730518/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180713094921_13717083/ Fri, 13 Jul 2018 09:49:21 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180713094921_13717083/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180709111501_13710512/ Mon, 09 Jul 2018 11:15:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180709111501_13710512/ <![CDATA[RNS press release - Admission of Placing Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180626070002_13693003/ Tue, 26 Jun 2018 07:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180626070002_13693003/ <![CDATA[RNS press release - Acquisition of Nickel Project & Placing ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180622071504_13689692/ Fri, 22 Jun 2018 07:15:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180622071504_13689692/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180615110532_13681648/ Fri, 15 Jun 2018 11:05:32 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180615110532_13681648/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180615110012_13681636/ Fri, 15 Jun 2018 11:00:12 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180615110012_13681636/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180611105229_13674520/ Mon, 11 Jun 2018 10:52:29 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180611105229_13674520/ <![CDATA[News - Katoro Gold booms as it confirms plans to press ahead at Imweru project in Tanzania ]]> https://www.proactiveinvestors.co.uk/companies/news/197617/katoro-gold-booms-as-it-confirms-plans-to-press-ahead-at-imweru-project-in-tanzania-197617.html Shares in Tanzania-focused Katoro Gold PLC (LON:KAT) surged at the opening bell on Thursday after it confirmed plans to press ahead with the development of its Imweru project.

The AIM-quoted explorer had suspended feasibility work at the project while it assessed the economic viability in light of the new mining legislation in Tanzania.

READ: Katoro takes a long, hard look at economic feasibility of Imweru

But Katoro said on Thursday it believes there is “still good upside exploration and development potential” at Imweru, which currently has a resource of 515,110 ounces of gold.

Shares jumped 87.5% to 1.55p in early deals.

Tanzania’s new mining commission sat for the first time last week and indicated it was open to working with miners operating in the country to ensure the economic success of projects.

“We are delighted that the exploration / development upside potential for Imweru remains and hope that following further dialogue with the new Tanzanian Ministry of Minerals, we can take the project forward and ultimately develop a gold mine,” said executive chairman Louis Coetzee.

“Our optimism is further bolstered by the latest positive outcomes of discussions between the Tanzania Chamber of Mines and the MoM in relation to various contentious matters in the current mining legislation.”

On top of the news from Imweru, Katoro said it had made “excellent progress” to diversify its portfolio and has drawn up a short-list of projects that fit its investment criteria.

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Thu, 24 May 2018 08:04:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/197617/katoro-gold-booms-as-it-confirms-plans-to-press-ahead-at-imweru-project-in-tanzania-197617.html
<![CDATA[RNS press release - Imweru Project Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180524070005_13653088/ Thu, 24 May 2018 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180524070005_13653088/ <![CDATA[RNS press release - Posting of Annual Report and Notice of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180510171302_13637026/ Thu, 10 May 2018 17:13:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180510171302_13637026/ <![CDATA[News - Katoro Gold highlights progress through 2017 ]]> https://www.proactiveinvestors.co.uk/companies/news/195951/katoro-gold-highlights-progress-through-2017-195951.html Katoro Gold PLC (LON:KAT) has released its financial results statement for 2017, a year in which the company made transformational changes.

In May, the group completed the acquisition of Kibo Gold for £3.66mln and completed a work programme – under budget and ahead of schedule – which included a preliminary pre-feasibility study.

READ: Katoro Gold takes a long, hard look at the economic feasibility of Imweru

It continued the assessment of the Imweru project’s economic viability, based on the pre-feasibility findings and new mining regulations in Tanzania – it expects this work to be completed by the end of the second quarter or early 2018.

The company has, in the meantime, suspended all ongoing work at the Imweru project until it reaches a final decision.

Katoro also intends to test the viability of another mine development at Lubando, by conducting an initial scoping study, and it is looking to diversify its portfolio.

The pre-revenue company ended the year with £564,840 of cash and it reported a £1.9bn loss for the 12 months.

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Fri, 27 Apr 2018 11:23:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/195951/katoro-gold-highlights-progress-through-2017-195951.html
<![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180427104055_13621721/ Fri, 27 Apr 2018 10:40:55 +0100 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180427104055_13621721/ <![CDATA[News - Katoro Gold takes a long, hard look at the economic feasibility of Imweru ]]> https://www.proactiveinvestors.co.uk/companies/news/193450/katoro-gold-takes-a-long-hard-look-at-the-economic-feasibility-of-imweru-193450.html Katoro Gold PLC (LON:KAT) has suspended feasibility work on the Imweru project while it assesses the economic viability of the project in the light of new mining legislation in Tanzania.

Katoro will consider undertaking a further exploration work programme to enhance and expand the current resource, exploring some of the previously identified exploration targets that form part of the Imweru/Lubando gold project.

READ: Katoro Gold mulling impact of new Tanzania laws on Imweru

In addition, it will seek engagement of the Tanzanian Ministry of Minerals to agree the mining licence application for Imweru and ensure its economic feasibility based on the new mining legislation and regulations.

The company expects to complete the assessment by the end of the second quarter or early in third quarter of this year.

"It should be remembered that is has always been the Company's objective to bring the Imweru gold project into production on an expedited basis, so as to generate sufficient revenues to self-fund the further development and expansion of the Imweru and Lubando gold projects,” said Katoro chairman Louis Coetzee.

“Having considered the preliminary findings of the pre-feasibility work, as well as the impact of the recent updates to the mining regulations in Tanzania, we have decided to first assess the current economic viability of Imweru to determine whether we should continue with the present development strategy or whether an adjustment is required, to ensure optimal utilisation of resources and realisation of the full potential of the Imweru/Lubando gold projects," he said  

"Naturally, this will delay our planned timetable to production, but the fact remains that we are currently at a stage of the feasibility study where we need to make critical strategic decisions that will determine the success or failure of the Imweru gold project and we therefore need to ensure that we take these decisions responsibly," he added. 

 

 

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Tue, 20 Mar 2018 08:11:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/193450/katoro-gold-takes-a-long-hard-look-at-the-economic-feasibility-of-imweru-193450.html
<![CDATA[RNS press release - Project Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180320070005_13572861/ Tue, 20 Mar 2018 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180320070005_13572861/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180312090905_13562897/ Mon, 12 Mar 2018 09:09:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180312090905_13562897/ <![CDATA[News - Katoro Gold mulling impact of new Tanzania laws on Imweru ]]> https://www.proactiveinvestors.co.uk/companies/news/192913/katoro-gold-mulling-impact-of-new-tanzania-laws-on-imweru-192913.html Tanzania-focused miner Katoro Gold PLC (|LON:KAT) is doing additional work on the pre-feasibility study at its Imweru gold project to include recent changes to the mining laws in the country.

All of the technical aspects of the PFS are now finished, said Katoro, but the economic feasibility of Imweru is being re-modelled to assess the potential impact of the new legislation and mining regulations.

READ: Katoro Gold to create digital map of Imweru prospect in Tanzania

Louis Coetzee, executive chairman, said: "Changes in the Tanzania mining legislation and associated mining regulations, recently released, has compelled the company to conduct further assessments to determine the extent to which the new legislation and regulations may impact the viability of the Imweru gold project.

“Work in this regard is nearing completion and a further update will follow shortly."

Imweru currently has a resource of 515,110 oz of gold.

Katoro Gold is a subsidiary of Kibo Mining PLC (LON:KIBO).

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Fri, 09 Mar 2018 08:11:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/192913/katoro-gold-mulling-impact-of-new-tanzania-laws-on-imweru-192913.html
<![CDATA[RNS press release - Project Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180309070003_13560719/ Fri, 09 Mar 2018 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180309070003_13560719/ <![CDATA[RNS press release - New Corporate Broker ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180306152159_13556964/ Tue, 06 Mar 2018 15:21:59 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180306152159_13556964/ <![CDATA[RNS press release - Statement re broker ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180302115815_13552933/ Fri, 02 Mar 2018 11:58:15 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180302115815_13552933/ <![CDATA[RNS press release - Holdings in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180117094421_13499411/ Wed, 17 Jan 2018 09:44:21 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180117094421_13499411/ <![CDATA[RNS press release - Issue of Fee Shares and Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180111132617_13493461/ Thu, 11 Jan 2018 13:26:17 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20180111132617_13493461/ <![CDATA[RNS press release - Board Appointment ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20171218112549_13469102/ Mon, 18 Dec 2017 11:25:49 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20171218112549_13469102/ <![CDATA[News - Katoro Gold completes airborne survey over Tanzania project ]]> https://www.proactiveinvestors.co.uk/companies/news/188787/katoro-gold-completes-airborne-survey-over-tanzania-project-188787.html Tanzania-focused Katoro Gold Plc (LON:KAT) has completed a Light Detection and Ranging (LiDAR) survey at its Imweru gold project in Tanzania.

Katoro will process the data to support the final resource estimation and optimised mine design at the gold project.

READ: Katoro Gold to create digital map of Imweru prospect in Tanzania

Louis Coetzee, executive chairman, said: "We are fast-tracking the work programme at Imweru and delighted with the speed at which it is progressing. 

"As we move into 2018, we anticipate a steady flow of news as we hit key trigger points including the completion of the PFS, drilling programme, a feasibility study and the application for a Mining Licence as well as the final phase of the Environmental and Social Impact Assessment."

READ: Katoro completes second phase of environmental and social study at Imweru

Katoro is 57% owned by Kibo Mining PLC (LON:KIBO).

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Thu, 14 Dec 2017 08:23:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/188787/katoro-gold-completes-airborne-survey-over-tanzania-project-188787.html
<![CDATA[RNS press release - Imweru Project Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20171214070002_13464830/ Thu, 14 Dec 2017 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20171214070002_13464830/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20171124133655_13443504/ Fri, 24 Nov 2017 13:36:55 +0000 https://www.proactiveinvestors.co.uk/companies/rns/15752/LSE20171124133655_13443504/