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Full interview: Katoro Gold to accelerate battery metals plan following gold licence deal

Louis Coetzee says Katoro Gold PLC’s (LON:KAT) deal for its gold licences in Tanzania should be considered more a re-positioning than a disposal.
It’s part of a re-focusing of the strategy towards battery metals, he adds.
Katoro will retain a royalty on production from the Imweru and Lubando project with the route to production now that much shorter as the company acquiring the assets already has mining rights on a neighbouring block.
Meanwhile, Katoro can use the money from the deal to develop the Haneti nickel deposit.

Quick facts: Katoro Gold

Price: 0.9 GBX

Market: AIM
Market Cap: £1.62 m

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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