viewKatoro Gold

Katoro Gold looks to restart exploration on gold projects in Tanzania

A one million ounces resource was entirely feasible recognising the known exploration opportunities,

drill rig
Katoro is looking at cost-effective ways to boost the resource at the North Tanzania assets

Katoro Gold PLC (LON:KAT) is looking at ways to boost the resource at its two gold projects in the Lake Victoria Goldfields, Tanzania to one million ounces to help their marketability.

Imweru and Lubando currently have a combined JORC resource of 755,000oz. 

Katoro has received expressions of interest from possible partners of acquirers of the assets but exploration to boost the resource would help the process.

Imweru is more advanced and the initial focus will be to identify the most cost-effective route to boost the resource there especially as only 30% of the priority 1 exploration ground has been fully explored.

Talks are underway with the Tanzanian Ministry of Minerals about permits at Imweru.

Louis Coetzee, executive chairman, said that a one million ounces of resource was entirely feasible recognising the known exploration opportunities, initially at Imweru and thereafter possibly at Lubando.   

“The board believes that Imweru has the potential to deliver 50,000 ounce per annum gold production should the conditions allow and suitable financing for development and construction be secured.” 

Quick facts: Katoro Gold

Price: 0.9 GBX

Market: AIM
Market Cap: £1.62 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Katoro Gold named herein, including the promotion by the Company of Katoro Gold in any Content on the Site, the Company receives from said...



Full interview: Power Metal's Paul Johnson sees 'significant upside...

Power Metal Resources' (LON:POW) Paul Johnson talks Proactive London's Andrew Scott through developments and the exploration potential at the Haneti project in Tanzania. POW has a 25% interest in the project via its stake in Katoro Gold (LON:KAT) - with a right to increase that to 35% through...

on 9/10/19

2 min read