Harnessing Growth in Tanzania

Harnessing Growth
in Tanzania
www.kibomining.com
March 2016 1

Disclaimer
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March 2016 2

Tanzania
A rapidly growing marketeconomy
• Politically stable, peaceful country with
Government support for mining andpower
capacity development
• Tanzania is a priority territory for China, and
attracting FDI from the UK, US and SouthAfrica
• Globally competitive tax and regulatoryregime
for natural resourcesinvestors
• Accelerated and simplified handling of
investment proposals driven by growingdemand
for power
• Technical staff trained in various mining
disciplines, abundant labour to support
development of large projects
• Well-established mining services industry, to
support development of Kibo portfolio
March 2016 3

Company Leadership
• Highly experienced management team with a strong track record of success in Tanzania
• Significant depth of knowledge, expertise and regional network, well placed to deliver value for
shareholders
Christian Schaffalitzky
Non-Executive Chairman
Louis Coetzee
Chief Executive Officer
Andrew Lianos
Chief Financial Officer
Noel O’Keeffe
Technical Director
Tinus Maree
Non-Executive Director
Wenzel Kerremans
Non-Executive Director
• Geologist with over 35 years experience in mineral exploration and mining finance
• Managing Director of AIM-listed Eurasia Mining plc
• Entrepreneur with 25 years experience in business development, promotion and financing
• Vice-president of business development with TSXlisted Great Basin Gold Limited
• 2007-2009
• Chairman & CEO with ASX listed East Africa Resources Limited 2010 – 2012
• Chartered accountant with over 25 years experience across a range of seniorroles
• Co-founder and director of River Group an International corporate finance house
• Geologist with over 25 years experience in mineral exploration
• Former Exploration Manager of AIM-listed Ormonde Mining plc in Tanzania
• Lawyer with extensive public company directorship experience
• Successful record in development and sale of mineral projects in Tanzania
• Lawyer with over 25 years legal experience in mining, banking and project finance
• Extensive experience in advising clients on mining investment inAfrica
March 2016 4

Company Interests
Mbeya Coal to Power Project
• Mbeya – Kibo’s flagship asset
• Development of coal resource & 250-350 MW mine-mouth powerstation
• Advanced project at development stage – Coal DFS and Power DFS in progress
• Joint Development Agreement recently signed with large Chinese EPC contractor, SEPCOIII
• Further opportunities for expansion of coal resource and additional end uses
Lake Victoria GoldfieldsProject
• Seven gold exploration projects in both Tanzania's premier and newly emerging gold regions
• 550,000oz JORC compliant gold resource at Imweru and 170,000oz NI 43 101 compliant gold resource at Lubando
• Advanced project development with commencement of Definitive Feasibility Study at Imweru
Haneti Project
• Prospective Nickel Sulphide – PGM targets – drillready following completion of geochem. & geophysical work in 2015
• Additional gold and lithiumprospectivity
Morogoro Project
• Gold exploration interests with one drill target ready on recommencement ofexploration
• JV signed with MetalTiger
Pinewood Project
• Large land holding in proven coal & uranium discovery region in southern Tanzania
• JV signed with MetalTiger
March 2016 5

Corporate Information
Kibo Mining PLC Ord € 0.015
Kibo is an Irish-registered company established in 2008 that focuses on mineral exploration and
development throughoutTanzania
STOCK EXCHANGES
AIM: KIBO
JSE: KBO
Shares inIssue *350,064,760
Options & Warrants 15,300,000
FullyDiluted 365,364,760
12 month share pricerange 2.81p – 9.75p
Share price(8/3/2016) 3.35p
Market Capitalisation (GBP) 11.7 m
*4,090,000 of these are non-trading and
held in a forfeited share suspension account
March 2016 6

Corporate Information
Kibo Mining PLC Comparative Share Performance 2014 - 2015
(From 1 January 2014 to 18 January 2016)
Kibo Mining
FTSE AIM
All-Share
Index
AIM Mining
Sector Index
March 2016 7

Mbeya Coal to Power Project
Working with Tanzania to develop critical
power capacity
• Power focus closely aligned with Tanzania’s
national development priorities, resulting in ongoing
government support
• National installed power generation capacity of
1,500 MW with only 780 MW operational, with
demand standing at ~ 1500 – 1800 MW and
expected growth of 10-15% annually
• A supportive regulatory framework to support
IPPs providing Kibo with a robust platform to
progress the Mbeya project
• Experienced management team with significant
depth of appropriate technical expertise and
extensive high level network in Tanzania,
regionally and internationally
• Tanzanian progress to date demonstrable
evidence of the company’s ability to do power
transaction and development businessin-country
March 2016 8

Mbeya Coal to Power Project
March 2016 9

Mbeya Coal to Power Project
In overview
• Canadian NI 43 – 101 compliant resource of
109 Mt already established with significant
further potential
• Focused project management team appointed to
oversee feasibility studies (see RNS8.10.13)
• Standard Bank appointed as Financial Advisor
for the Mbeya Coal Mine and Mbeya Power (see
RNS 8.10.12)
• Integrated Bankable Feasibility Study Underway
• Power Pre – Feasibility Study completed end
Dec. 2014 (see RNS 18.12.14)
• Mining Pre – Feasibility Study completed
August 2015 (see RNS 12.08.15)
• Definitive Mining Feasibility Study in progress
• Definitive Power Feasibility Study in progress
Artist’s Impression of a Mine Mouth Power Generation Plant
(Hongs Project, Laos)
http://www.laosgpsmap.com/hongsa-power-plant/
• Environmental Impact Study in progress
• Power Purchase Negotiations in progress
March 2016 10

Mbeya Coal to Power Project
A compelling project with strategicadvantages
• Strategically located in close proximity to Mtwara Development Corridor earmarked for fast track
socio-economic development by National Government
• Inclusion of Kibo‘s Mbeya Coal to Power Project in Tanzanian National Energy Strategy (see
RNS 11.3.13)
• Substantial support for project development amongst local community and government at local,
regional, national and ministerial levels
• Mbeya regarded as a priority project with government support reducing potential risks and delays
associated with permitting andlicenses
• Existing infrastructure significant with vast fresh water supply, extensive road and rail network,
national grid 20 km away and overall proximity to southern region capital Mbeya (circa 70 km)
• Historical and Definitive Mining Feasibility Work indicates low mining cost (low strip ratio, open
cast mine method) over a Life of Mine of at least 28 years
• Study also confirms coal suitability for thermal power generation in respect of calorific value,
ash/volatile content and coal sufficiency (see RNS 21.8.14)
• On site processing / beneficiation of product not required due to suitability of RoM product for power
station
March 2016 11

Feasibility Studies – Mining
Key Outcomes from Pre-Feasibility
Study (PFS)
Mining Project PFS Reflects a Feasible Project
with Attractive Returns
• Financially feasible for all the options investigated.
• Best-estimated NPV ranges between USD 211 million and
USD 244 million.(at a discount rate of 5,5%), with 36% - 54%
IRR range.
•
•
•
All – in cost margin of between 33,6% and 53.9% (All–in
cost margins of above 25% are considered as healthy)
Reasons:
• Low operating costs as a result of the proposed mining method
and shalloworebody;
• Small sustaining capital expenditure;
• Fixed coal price as received frompower plant.
• The high all-in cost margin is indicative of the robustness of the
Project.
Mechanised continuous surface mining technology ensures
low mining cost and accurate mining.
A capital investment of between USD38 million and USD73
million is required subject to mining option selected
Project payback period, between 2.6 and 3.65 years.
The Project is most sensitive to coal price and operating cost.
• Full (Definitive) Mining Feasibility Study currently being executed
by MINXCON scheduled for completion by the end of Q2 2016
Mechanised Continuous Surface Miners
ensure coal delivered on specification to
power station – no need for washing or
crushing
March 2016 12

Feasibility Studies – Power
Key Outcomes from Pre-Feasibility
Study (PFS)
Power Project PFS Reflect a Feasible
Project with Attractive Returns
Indicative Power Station
Performance.(RNS18.12.14)
Parameter Units Preferred Option
2x150MW,CFB,
wetcooling
• Power Pre – Feasibility Study completed,
indicating no technical fatal flaws which would
prevent furthering development of the project via
feasibility analysis, of a 300MW power station,
and a Construction Period of 36 months (early
power after 33 months on first unit) (see RNS
18.12.14)
• The findings of the PFS merit further investigation
of the project via a full feasibility study.
• Full (Definitive) Power Feasibility Study currently
being executed by Tractebel Engineering scheduled
for completion at the end of Q1 2016
Instantaneous performance
Gross power MW 300
Auxiliary power MW 33
Net power MW 268
Net heat rate (HHV basis) kJ/kWh 10,694
Annual performance
Net power generated GWh/a 1,878
Coal consumption kt/a 1,467
Limestone consumption 2 kt/a 93
Waterconsumption ML/a 4,380
Solid waste incl. ash kt/a 586
March 2016 13

Mbeya Coal to Power Project
Operational Plans 2015 - 2017
Key work streams and operational focus for Q4 2015 to Q1 2017: (Focused on accelerated development of
the Rukwa Coal to Power project )
March 2016 14

Lake Victoria Goldfields
Operating Gold Mine
Kibo Resource Project
March 2016 15

Lake Victoria Goldfields
• Mineral licences (90-100% Kibo owned) covering an area of
approximately 1,500sq kms, including two exploration projects with defined
gold resources located in one of the world’s most prospective regions for gold
• Imweru
• Drill programme in late 2013 and resource update (2014) established
JORC-compliant gold resource estimate of *550,000 ounces. 2014
independent technical report (Tetratech EBA) has confirmed excellent
potential to increase the Imweru resource by follow-on drilling to take it to the
stage where a scoping study iswarranted
• Definitive Feasibility Study Underway with Preliminary Economic
Assessment completed in December 2014 (see RNS16.12.14)
confirming potential for initial mine development of 7-10 years with
scope to extend for a further 6 years based on resourceexpansion
Tetratech EBA report also identified potential to define further
resources in the Imweru area in the near term by drilling on existing
targets on adjacent projects at Sheba and Pamba.
• Lubando
• NI-43-101-compliant resource estimate of approximately *170,000 oz
established from drilling by previous operators with potential to expand
resource.
• Other Lake Victoria targets
• Nine other exploration targets at earlier exploration stage but with
promising results from surface sampling surveys from work to date
* Kibo’s has a 90% attributable interest in these resources
March 2016 16

Haneti Project
Project Tenements & Infrastructure Geophysical Interpretation 2015
March 2016

Haneti Project
Overview
• Situated 95 kms North of Tanzania’s capital city
Dodoma
• 100% Kibo ownership of 28 mineralsrights
covering an area of approx. 5,000sq kms
• Key target is an 80km long ultramafic belt with
grades of up to 13% nickel and 2.33 grams per
tonne of platinum andpalladium
• Extensive work to date resulting in Nickel Sulphide
and PGM drill targets scheduled for drilling in
2016/2017
• Gold prospectivity confirmed over Londoni-
Hombolo-Mosangani trend
• Newly identified potential for lithium pegmatiteand
associated elements of niobium and tantalum
• Recent geophysical interpretation work has
identified significant extensions to Nickel Sulphide
prospective target rock formations
March 2016 18

Morogoro Project
March 2016 19

Morogoro Project
Ruvu Nappe
• Mineral licences and applications (90-100% Kibo
owned) covering approximately 1, 400 sqkms)
• Located in the emerging goldfield of the
Morogoro-Dodoma-Handeni region
• Significant gold bearing structure identified - Ruvu
Nappe
• Initial exploration results produced significant soil
and stream goldanomalies
• One drill target already defined (Ruvu Nappe
area) with drilling scheduled as part of next
exploration phase
• Project is now part of a Joint Venture with Metal
Tiger Resources Ltd . (RNS 19.01.15)
• Exploration recently resumed on project
March 2016 20

Pinewood Project
Mchukuma Coal Mine –
Sichaun Hongda invested
$3 bn in mine, thermal
coal plant and nearby iron
ore deposit in September
2011.
Project in development.
Mantra Resources Nyota
(Mkuji River)
Uranium discovery sold for
$1.16bn in June
2011 to
Atomredmetzzoloo
.
Project in development.
March 2016 21

Pinewood Project
Overview
• Mineral rights and applicationscovering approximately
9,000sq kms (100% Kibo owned subject to vend in
agreements on 11tenements)
• Pinewood provides exposure to an attractive portfolio
of strategic energy (coal & uranium) assets in Tanzania
• Situated along the Mtwara Development Corridor,
where the Tanzanian Government has committed itself
to significant infrastructure development, and which
has seen recent multi-million dollar investments in coal
and uranium exploration
• The license package covers prospective Karoo
sedimentary sequence rock, known to host good tenor
uranium deposits, such as the Mkuju River project
• The Tanzanian Government is supportive of uranium
mining – recently approved the Mining License of the
Mkuju River Mine
• Recently secured strategic partner in signing 50 /50 JV
with Metal Tiger. (see RNS 21.11.14 & 14.1.15).
• Exploration recently resumed on project
March 2016 22

Investment Proposition
Summary
• Focused development of Tanzanian portfolio utilising incountry
knowledge andexpertise
• Securing a strategic partner in the near term and
completing Feasibility Studies to drive Mbeya Coal to
Power into coal mining, electricity production and
significant revenue generation by2018
• Proceed with Definitive Feasibility for Imweru Gold
Project, leading to a strategic partnership to develop
gold production from Imweru
• Additional growth opportunities from nickel, PGM, gold,
lithium and uranium projects providing long term growth
pipeline from early through to late stage exploration
projects
• Disparity between extensive and valuable Company
interests and current market capitalisation of £12.m (14
March 2016) to be closed through partnerships and
technical work demonstrating asset values
March 2016 23

Information Appendices :
Mineral Resource Statements

Central
Central
Imweru Gold
Imweru Resource Statement- Tetratech EBA February 2014
Area
Material
Type
Classification
Cut- off
(g/t)
Specific
Gravity
Metric
Tonnes(t)
ShortTons
Gold Grade
(g/t)
ContainedGold
Ounces(troy)
Laterite Indicated 0.40 2.50 131,000 144,000 1.785 8,000
Saprolite Indicated 0.40 2.50 706,000 778,000 1.387 32,000
Bedrock Indicated 0.40 2.89 1,895,000 2,089,000 1.043 64,000
Total Indicated 0.40 2.77 2,732,000 3,012,000 1.168 103,000
Laterite Inferred 0.40 2.50 685,000 755,000 1.317 29,000
Saprolite Inferred 0.40 2.50 1,047,000 1,154,000 1.040 35,000
Bedrock Inferred 0.40 2.89 7,838,000 8,640,000 1.029 259,000
Total Inferred 0.40 2.82 9,569,000 10,548,000 1.051 323,000
East Total Inferred 0.40 2.70 2,653,000 2,925,000 1.449 124,000
Imweru PropertyTotal Indicated 0.4 2.77 2,732,000 3,012,000 1.168 103,000
Inferred 0.4 2.79 12,222,000 13,473,000 1.137 447,000
Combined
(inf+ind)
0.4 2.79 14,954,000 16,485,000 1.143 550,000
* Total estimates are rounded, based on composites capped at 26 g/t gold at Imweru Central and 25 g/t at Imweru East, the cut-off grade is based on a gold price of US$1,200
and a 90% metallurgical recovery is assumed in calculation of cut-off grade. A base case of 0.40 g/t has been selected.
** Classification of Mineral Resources incorporates the terms and definitions from the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves (JORC Code) published by the Joint Ore Reserve Committee (JORC)
January 2016 25

Lubando Gold
Lubando Resource Statement – EBA August2009
TABLE 2 : LUBANDO MINERALRESOURCE SUMMARY–BASECASE*
Category West Zone East Zone South East Zone Mid East Zone North Total
MeasuredResource
Measured Resource(t) 107,900 4,880 16,900 54,440 184,150
Grade(g/t) 1.69 2.52 1.72 2.48 1.95
Total Gold(oz) 5,900 400 950 4,340 11,500
IndicatedResource
Indicated Resource(t) 280,710 18,330 61,000 149,350 509,420
Grade(g/t) 1.61 2.23 1.89 2.73 1.99
Total Gold(oz) 14,500 1,300 3,700 13,120 32,600
InferredResource
Total Resource(t) 1,090,000 65,470 209,340 535,330 1,900,140
Grade(g/t) 1.27 1.56 3.34 3.13 2.03
Total Gold(oz) 44,550 3,300 22,500 53,900 124,200
*Numbers are rounded. Composites capped at10.85g/tgold. Cut-off grade of 0.5g/t gold based on a gold price of US$850/oz and assumed100% metallurgical recovery .CIM
definitions were followed for Mineral Resources.
January 2016 26

Mbeya Coal
Mbeya – GemecsApril 2012
MBEYA COAL RESOURCE SUMMARY
SEAM SEAM THICKNESS NI 43-101 CLASSIFICATION IN SITU MILLIONTONS
S4 1.14 Indicated 2.17
S3U 2.04 Indicated 6.92
S3L 2.3 Indicated 12.63
S2 3.45 Indicated 23.43
S1U 2.48 Indicated 7.34
S1L 2.92 Indicated 17.4
S0 1.08 Indicated 1.44
Total Indicated Resources 71.34
S4 1.31 Inferred 1.38
S3U 2.24 Inferred 2.94
S3L 2.27 Inferred 3.86
S2 3.42 Inferred 7.94
S1U 2.05 Inferred 6.5
S1L 3.15 Inferred 12.83
S0 1.06 Inferred 2.6
Total Inferred Resources 38.05
TOTAL RESOURCES 109.39
March 2016 27

Review by qualified persons
Imweru and Lubando
Information in this announcement that relates to the Imweru mineral resources is taken from the report titled “Resource Update for the Imweru
Property Geita Region Northern, Tanzania, JORC Competent Persons Report” dated February 17 th 2014 (the “Report”). The Report states a JORCcompliant
resource estimate and was prepared for Kibo Mining plc by James Barr P.Geo. and Darryn Hitchcock P.Geo. Senior Geologist and
Geologist respectively with TetraTech EBA Ltd. Both Mr. Barr and Mr. Hitchcock are registered as Certified Professional Geologists with Association
of Professional Engineers and Geoscientists of British Columbia a recognised professional organisation. Mr Barr as principal author responsible for
the Report has experience in the evaluation and reporting of Archaean Gold projects and is a “Qualified Person” for reporting gold resources to the
JORC Standard. He consents to the inclusion in this document of the matters based on his information in the form and context in which they appears.
The information in this announcement that relates to the Lubando mineral resources is taken from a report titled, Tanzania” “Technical Report on the
Lubando property, Mwanza, Tanzania” dated 31 st August 2009” (the “Report”) The Report is NI 43-101 compliant and was prepared for Great Basin
Gold Rusaf Gold Limited by Nathan Eric Fier C.P.G., P.Eng. Market Director for EBA Engineering Consultants Ltd and a Senior Mining Consultant.
Mr. Fier is registered as a Certified Professional Geologist with the American Institute of Professional Geologists, Registration No 10062, and a
professional Engineer in British Columbia, Canada Registration No. 135165. He has extensive experience in the evaluation and reporting of
Archaean Gold projects and is a “Qualified Person” for reporting gold resources to the NI 43-101 Standard.
Mbeya
The information in this announcement that relates to the Mbeya coal resource is taken from a report “Independent Technical Report for the Rukwa
Coal Project, Mbeya Region, United Republic of Tanzania” dated 19 th April 2012 by CD van Niekerk Director and Principal Geologist with the firm
GEMECS (Pty) Ltd. Mr van Niekerk is a Professional Natural Scientist with the South African Council for Natural Scientific Professions (SACNASP),
Registration No. 400066/98 and a Fellow Member of the Geological Society of South Africa. He has relevant experience and technical qualifications
to be a “Qualified Person” for reporting coal resources to the NI 43-101 Standard.
Kibo Mining PLC
Kibo’s Technical Director, Noel O’Keeffe has also reviewed the technical reports and the references to them in this presentation.
March 2016 28