Investments and investor services
Katoro Gold looks to restart exploration on gold projects in Tanzania
A one million ounces resource was entirely feasible recognising the known exploration opportunities,
Company
LON:KAT
Katoro Gold PLC is an AIM quoted Tanzania focused gold and mineral exploration and development company. It currently has three projects and aims to further diversify its portfolio through the acquisition of new projects; it’s strong management team with significant in-country and sector experience is key in this strategy.
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Investments and investor services
A one million ounces resource was entirely feasible recognising the known exploration opportunities,
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A key highlight of last year was Katoro’s completion of the acquisition of the Haneti Nickel Project in Tanzania
The AIM-listed firm pointed out that majority owner Katoro Gold sees Haneti as a “highly prospective high-grade” project and it has a number of high priority exploration targets
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The AIM-listed firm said the 1,500 samples analysed as part of the programme had also increased the strike length of other high priority areas
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The exploration firm said it would invest £75,000 to acquire the additional shares in Katoro at a price of 1p each, which would be taken from its existing cash resources
“The agreement announced today complements our existing interests and provides a degree of diversification whilst remaining focused on Africa and battery metal projects," Paul Johnson said.
Investments and investor services
“The investment by ABM announced today, fits perfectly with Katoro's development strategy for Haneti," Louis Coetzee said