Harnessing Growth in Tanzania

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
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