http://www.kibomining.com/

Half year results for the period ended 31 March 2010
http://moneyam.uk-wire.com/cgi-bin/articles/201006251046392504O.html

Kibo Mining starts drilling at Luhala 2010-07-06 11:05:32 Business Financial Newswire - Tanzanian-focused gold and nickel explorer Kibo Mining has begun drilling on its Luhala project in the Lake Victoria Goldfields.

Kibo says it believes that successful drill results will demonstrate the potential to significantly increase the gold resource. Results will be published as soon as they are available.

CEO Noel O'Keeffe said the drilling programme had started earlier in July than anticipated due to a drilling rig becoming available at short notice.

http://moneyam.uk-wire.com/cgi-bin/articles/201007190749015308P.html

From Minesite .

Sticking with Africa, Matt was followed by Noel OKeeffe from Kibo Mining, a company not long listed on Aim. Kibos got over 500,000 ounces of gold in resources across two projects in the Lake Victoria Goldfields area of Tanzania, as well as upside from a nickel-platinum project slightly further south. This is big country as far as gold mining is concerned, with Barrick and AngloGold Ashanti both operating multi-million ounce operations in the near vicinity. A scoping study on Kibos most advanced project, Itatemia, is now underway.

KIBO MINING PLC



Drilling Results







Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO) the mineral exploration and development company focused on gold and nickel projects in Tanzania, is pleased to announce drilling results on its Luhala project located in the Lake Victoria Goldfields of northern Tanzania. The Company will earn a 100% interest in the Luhala project through an option and royalty agreement with Canadian and American listed Tanzanian Royalty Exploration Ltd.



Highlights



Gold mineralisation intersected in six out of twelve holes drilled;



Best intersections of 8 metres at 2.99 g/t, 3 metres at 2.54 g/t and 2 m at 2.03 g/t; and



Extension of Kisunge East mineralised structure at depth confirmed.





Noel O'Keeffe, C.E.O. of Kibo commented:



"These drill results are consistent with expectations and confirm the continuation of the Kisunge East mineralised structure at shallow depth to the east from where it was previously drilled. Most significantly, the results provide confidence in the potential at Luhala to substantially increase the resource by follow-up drilling at Kisunge East and on the other mineralised zones on the project. ".



Christian Schaffalitzky, Chairman of Kibo added:



"It is relevant to compare the gold grades at Luhala with those on African Barrick's Tusker Deposit (Nyanzaga project) 40 km to the northwest and located on the same regional fault structure and with similar geology to Luhala. With a resource of ~ 4m ounces at 1.3 g/t, Tusker is currently being evaluated as a low grade bulk mining proposition by African Barrick. Compared with Tusker, drilling at Luhala has not been extensive and has only tested the mineralisation to a maximum depth of about 120 metres and mostly in the weathered zone. Clearly, there is significant potential on Luhala to increase the mineral resource by additional drilling."

http://moneyam.uk-wire.com/cgi-bin/articles/201008310700367956R.html

A few buys today moving the bid up 0.25

offer price after the close up to 2.75

Big increase in volume today

ibo Mining Plc
("Kibo" or the "Company")

Placing to raise GBP250,000

Kibo Mining (AIM: KIBO), involved in the exploration and development of gold and nickel deposits in Tanzania, is pleased to announce that on 1 October 2010 it agreed to place 12,500,000 new ordinary shares of Euro0.01 each in the Company ("Placing Shares") at a placing price of 2p per ordinary share (the "Placing") to raise GBP250,000 before expenses. The net proceeds from the Placing will be used to finance continued exploration in Tanzania and for general working capital purposes.

The Placing Shares were placed by the Company's broker, Alexander David Securities Limited, with both new and existing investors. The Placing is conditional on admission of the Placing Shares to trading on AIM.

The Placing Shares will represent approximately 4.69 per cent. of the enlarged issued share capital of the Company. The Placing Shares will be fully paid and will rank pari passu in all respects with the existing ordinary shares of Euro0.01 each in the Company. Application will be made for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. on 20 October 2010. The total number of ordinary shares in issue following completion of the Placing, and the total number of voting rights, will be 266,425,874.

The above figure of 266,425,874 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Kibo under the FSA's Disclosure and Transparency Rules.

Noel O'Keefe, MD of Kibo commented:

"We are delighted with this placing as it allows us to progress the exploration and development of our projects. We believe there is significant potential, to increase the Company's current mineral resource and discover new mineralisation on our earlier stage projects where our field teams are presently on-site".

A late buying spree to end the day on a positive note.

Bid price touched 3.25 this morning and volume as picked up.

Big increase in volume today

All buy's this morning and bid up 0.25

Could there be a bid from Barrick soon ?

Its a chart buy and volume as been high today and lot's of comment of Barrick looking for takeover's candidates.

breakout today

A good start to the week thank's to Barrick.

http://moneyam.uk-wire.com/Article.aspx?id=201012101152277509X

I am now fully loaded with these for the moment.


Please see below posting copied from advfn board courtesy of " piripiri2 " - I am not vouching for its accuracy, but it is quite an interesting read.
Ciao
Steve

"You may want to have a closer look at Itemia prospect in more detail the Directors believe that this prospect could be materially larger than Barricks next door thats an easy 1 pound on the sp.Patient prudent will profit here unfortunate for some as most have little patience chasing others..

Kibos prospect sits on a similar geological structure and drilling of what is known as the Golden Horseshoe Reef has already produced a JORC compliant resource of 422,250 oz of which 266,190 oz is in the indicated category and 156,050 in the inferred. However drilling has been limited both in terms of the number of holes drilled and the depth (700 metres) and given that Bulyanhulu was drilled to 2,000 metres, Kibo believes that its resource could be MATERIALLY LARGER. Its initial focus is to prove up the economics of a small shallow pit operation aiming to produce 128,000 oz gold (worth c100 million at current gold prices). To this end the company plans a further 3,500 metres of drilling between June and August of this year. But if this resource gets anywhere over 1 million ounces my money is on Barrick buying it as a bolt-on source of production and we are off to the races.

If Kibo do take the oppertunity to produce early doors with favourable drilling or they indicate that holes drilled to date hole for hole and pound for pound based on these holes that ITEMEMIA on a hole for hole basis is larger than Barricks next door but more driliing will be needed to quantify resoruces.

Either way Kibo are positioned very very well, in between proven producing assets either side if they go straight into small production will value the company for much more or just strictly proving up.. 1 million ouces like I say is plenty bearing in mind management are stating 12 times these figures.. lets not forget what these resources imply in terms of market cap.

1.3Moz...Patagonia Gold PLC (AIM:PGD)...Mkt Cap 186m
10MozE.U......European Goldfields (AIM:EGU)Mkt Cap 1.59 billion
40MozLihir Island...Newcrest Mining (ASX:NCM)...Mkt Cap 11.9 billion

Kibo 10million market cap and potentially 12 miilion ounces touted by the managent from 1 license ITEMEMIA, and nothing for the other 3 licenses also fully funded and robust exploration campaign about to start. "

http://library.constantcontact.com/download/get/file/1103500536103-10/Kibo+Mining+Research+Note+13+April+2011.pdf


Kibo Mining* - Speculative Buy at 3.375p with a 10p target
price