http://www.kibomining.com/

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

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

http://www.moneyam.com/action/news/showArticle?id=4279918

KIBO MINING PLC

Issue of Equity

Dated: 7 February 2012

Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the mineral exploration and development company focused on gold and nickel projects in Tanzania is pleased to announce that Mzuri Gold Limited ("Mzuri") has today agreed to subscribe for a total of 37,500,000 new Ordinary Shares of €0.01 each in the capital of the Company at a placing price of 2p per new Ordinary Share to raise £750,000, before expenses(the "Placing"). This represents a premium of approximately 23% to the mid-market price, of 1.625p, immediately prior to agreeing the Placing The net proceeds from the Placing will be used to finance continued exploration in Tanzania and for general working capital purposes.

The Placing is conditional on the 37,500,000 new Ordinary Shares of €0.01 each in the capital of the Company (the "Placing Shares") being admitted to trading on AIM and the JSE Limited (the "JSE"). The Placing Shares will represent approximately 9.03per cent of the issued share capital of the Company as enlarged by the Placing.

Following the Placing, Mzuri and its related party's will hold 122,072,273 Ordinary Shares, which is approximately 29.41% of the issued share capital of the Company as enlarged by the Placing.

An application will be made to the London Stock Exchange (the LSE") and JSE for the Placing Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading and dealings are expected to commence on the LSE at 8:00 a.m. (GMT) on Thursday 16 February 2012 and to commence on the JSE at 10:00 a.m. on or about Thursday 16 February 2012.

Following the issue of the Placing Shares the Company's total issued share capital will be 415,129,511 Ordinary Shares of €0.01 each. In accordance with the Financial Services Authority Disclosure and Transparency Rules, the Company has 415,129,511 Ordinary Shares of €0.01 each in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury.

The above figure of 415,129,511 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, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

Commenting today, Louis Coetzee, CEO of Kibo said:

"We are delighted with this fund raising as it allows us to complete Stage 1 of the field exploration now in progress on our Tanzanian projects. We believe there is significant potential, to discover new gold and nickel mineralisation on our favourably located licence portfolio within Tanzania's established and newly emerging gold exploration regions and we anticipate having targets ready for drilling later in 2012".

Not holding, but nice bit of news for KIBO

21st February 2012

Analyst: Dr. Michael Green
Email: michael.green@gecr.co.uk
Tel: 0207 562 3350



Kibo Mining* - Stage 1 exploration program nearing completion, with results expected during 2Q 2012 - Speculative Buy at 2.25p with a 4.3p target price

Key Data

EPIC

AIM: KIBO, JSE:KBO
Share Price

2.25p
Spread

2p - 2.5p
Total no of Shares

415,129,511
Market Cap

£9.3 million
12 Month Range

1.375p - 4.25p
Market

AIM & JSE
Website

www.kibomining.com
Sector

Mining
Contact

Louis Coetzee - Chief Executive Officer +27 (0) 83 2606126


Kibo Mining has an extensive portfolio of gold and nickel interests in Tanzania in both the well known Lake Victoria Goldfields and in the newly emerging goldfields in eastern Tanzania. New gold occurrences have been found in the east of the country on the back of discoveries made by Canaco Resources at its Magambazi Gold Project in recent years. In a move that draws clear parallels with what is has happened in Western Australia at the Tropicana Deposit (5 million ounce gold resource) which was discovered in 2006; gold is now being found in younger rocks. There are some big similarities between Tanzania and Western Australia, and in both places gold has been found in Proterozoic rocks on the edge of older Archaean rocks. What should really excite the market about Kibo is that the potential is good in Tanzania as the country remains underexplored compared with the Yilgarn Block and the surrounding regions in Western Australia. Last year the company listed on the Johannesburg Stock Exchange which has put Kibo on a stockmarket at the heart of Africa where investors have a better understanding of the opportunities in Tanzania.

A transaction with Mzuri Gold Limited in 2011 seems to have transformed the fortunes of Kibo as it has resulted in an enlarged portfolio of projects followed by the injection of fresh cash and the dual listing. Following this acquisition, Kibo more than doubled its licence area in Tanzania to over 18,000km² and gained strategic positions in both the Lake Victoria Gold Fields and the emerging gold district in the east of the country, as well as bringing in a powerful strategic partner in the shape of the Mzuri group which already has a successful record of mineral exploration in Tanzania along with its business network and infrastructure. The management has put together a two stage £5.3 million exploration programme which is designed to lead to the identification of a JORC-compliant mineral resource. The budget for stage one is £1.3 million where the goal is to generate drilling targets using a variety of proven geological, geochemical and geophysical surveying methods. The process is nearing completion, with exploration results expected by during 2Q 2012

Kibo is exploring in Tanzanias best gold areas at Morogoro, Haneti and Lake Victoria. The Morogoro licences and applications covering 8,900km² occur within the newly emerging goldfield in the Morogoro-Dodoma-Handeni areas in Eastern Tanzania and lie 50 kilometres to the west of Canacos Magambazi Gold Deposit. Kibos blocks are adjacent to recent artisanal mining discoveries; and a significant gold bearing structure known as the Ruvu Nappe has been identified on Morogoro South block. Haneti is an early stage nickel-platinum-gold project which covers an area of 7,200km² in eastern Tanzania which straddles a major geological boundary along a sheared thrust front. The key target is an 80 kilometre long ultramafic belt where grades as high as 13% nickel and 2.33g/t platinum & palladium have been found, and where there is potential for lateritic nickel and nickel sulphide.

In the wake of the Kibo-Mzuri transaction, the board has terminated the Itetemia and Luhala projects in the Lake Victoria Goldfields, in northern Tanzania, to reposition itself as an exploration company with strong ground positions in all the active major gold exploration districts. Following the acquisition of Morogoro Gold Limited, Kibo choose not to exercise its options to acquire 90% of the Itetemia project and 100% of the Luhala project, because the board firmly believed that the potential value of these projects would not contribute sufficiently to shareholders value. At the time Chairman Christian Schaffalitzky commented that The companys current asset portfolio provides shareholders with the potential for exponentially better returns on their investments, than what could currently be derived from the Itetemia and Luhala projects. However in the Lake Victoria area, Kibo has licences and applications covering some 2,700km² of tenements throughout the central most gold prolific areas within the Lake Victoria Goldfield.

Investment Case

There are a lot of good reasons to invest in Kibo. Firstly, Tanzania is one of the most politically stable countries in Africa. Firstly the country highly prospective for a variety of metals and there is a real chance of turning an exploration licence into a mining licence as is evidenced by the number of operating mines that have come on stream in the past twenty years. In fact, Tanzania is probably the fastest growing gold producer in the world. Secondly, the board is highly experienced and consists of proven mine finders including Christian Schaffalitzky, Louis Coetzee and Des Burke. Thirdly, the company has a big ground position in the traditional good greenstone territory near producing mines and infrastructure; but also a strong strategic position in a new gold area in eastern Tanzania which looks to be where the future of gold exploration is in the country. It has to be pointed out that after the experiences of Canaco Resources, Morogoro looks to be an awfully good address with the potential to overtake Lake Victoria as the primary gold address in Tanzania.

Valuation

In the east of Tanzania there are some bumper valuations being awarded to successful explorers, with Canaco trading on an Enterprise Value of £102 million after announcing some staggering drill intersections but despite it having yet to define an initial JORC resource. Peer comparisons amongst Africa based junior gold explorers make for some interesting reading. The group selected were shown to have on average a valuation of US$50.49 or £32.16 per ounce of JORC resource contained gold. Kibo is in the midst of an exploration programme, the second stage of which is to delineate a JORC-compliant gold resource. The team would only need to define 500,000 ounces to be valued at £16.1 million, which equates to 4.3p per share (based on 377.6 million shares in issue.) Our stance is Speculative Buy with a 4.3p target price.

Kibo Mining* - Increases its foothold in Tanzania with exposure to a large portfolio of energy assets. Speculative Buy at 2.375p with a 3.7p target price

Key Data

EPIC

AIM: KIBO, JSE:KBO
Share Price

2.375p
Spread

2.25p - 2.5p
Total no of Shares

415,129,511
Market Cap

£9.9 million
12 Month Range

1.375p - 3.5p
Market

AIM & JSE
Website

www.kibomining.com
Sector

Mining
Contact

Louis Coetzee - Chief Executive Officer +27 (0) 83 2606126


Kibo Mining has a very large exploration portfolio in Tanzania which is prospective for gold and nickel. In early April, the board announced a move into energy by an agreement to acquire controlling interests in strategic energy assets in Tanzania. Firstly, Kibo is to acquire control of a JORC compliant resource of at least 109 million tonnes of thermal coal which is the Rukwa Coal Project near Mbeya. Secondly, there is also a portfolio of additional licences prospective for both uranium and coal. To acquire a 51% stake in both these projects will cost a total of £10.81 million which will be satisfied by issuing 360 million shares at 3p each to the vendors Mzuri Energy Holdings Limited.

When these deals were announced, Louis Coetzee CEO commented that “Through these acquisitions the Company increases its foothold in Tanzania, a region that is on the radar of a substantial number of investors and major industrial groups in Asia and North America. The acquisitions provide our shareholders with exposure to a large portfolio of energy assets. This is part of a broader strategic decision by the company to combine aggressive exploration within Kibo’s current portfolio with the active pursuit of suitable acquisitions to build and develop multi-commodity exploration portfolio of more advanced exploration opportunities in addition to our current gold and base metal work programme.”.

The final results announced in late-March served to remind investors of the progress that has been made at the company in improving the quality of its exploration projects as well as accessing finance which was helped by the listing on the JSE AltX in South Africa. In 2011, the company gained an additional 11,622km² of highly prospective gold and base metal acreage through the acquisition of Morogoro Gold Ltd. There is no doubt that Kibo now boasts a large ground holding position in both the well-known Lake Victoria Goldfields as well as the newly emerging goldfields in eastern Tanzania; which gives the company scope to enter into joint venture deals where others fund exploration work. The company has started an extensive exploration programme across all its projects in Tanzania and is expected to report the results in an operations update during the 2Q 2012. This work covers some areas that are under review for joint venture with third parties; and the company will likely be seeking to relinquish acreage to concentrate on the main targets. This sieving process is expected to be completed by mid-2012 and could facilitate joint venture discussions.

The acquisition of Morogoro Gold from Mzuri Gold Limited in 2011 seems to have transformed the fortunes of Kibo as it has resulted in an enlarged portfolio of projects followed by the injection of fresh cash and the dual listing. Following this acquisition, Kibo more than doubled its licence area in Tanzania to over 18,000km² and gained strategic positions in both the Lake Victoria Gold Fields and the developing gold district in the east, as well as bringing in a powerful strategic partner in the shape of the Mzuri group which already has a successful record of mineral exploration in Tanzania along with its business network and infrastructure. The management has put together a two stage £5.3 million exploration programme which is designed to lead to the identification of a JORC-compliant mineral resource. Following the listing in South Africa in June 2011, the company raised £1.1 million which is being used to fund the first stage of the three year exploration strategy. The Mzuri group subscribed for an additional £0.75 million in a private placing in February this year which will be used to complete Stage 1 and commence Stage 2 exploration. This programme has already produced some good early results with extensive nickel anomalies in soil sampling and trenching which have been identified on just a tiny part of what is a 70 kilometre long zone at the Haneti project which is an early stage nickel-platinum-gold project which covers an area of 7,200km² in eastern Tanzania that straddles a major geological boundary along a sheared thrust front. This long zone is an ultramafic belt where grades as high as 13% nickel and 2.33g/t platinum & palladium have been found, and where there is potential for lateritic nickel and nickel sulphide. Hanetii also has the potential to be a gold target and is the site of continuing artisanal mining. At the time the final results were announced it was suggest that reconnaissance geology mapping had revealed the possibility of a larger scale gold occurrence.

New gold occurrences have been found in the east of the country on the back of discoveries made by Canaco Resources at its Magambazi Gold Project in recent years. In a move that draws clear parallels with what is has happened in Western Australia at the Tropicana Deposit (5 million ounce gold resource) which was discovered in 2006; gold is now being found in younger rocks. There are some big similarities between Tanzania and Western Australia, and in both places gold has been found in Proterozoic rocks on the edge of older Archaean rocks. What should really excite the market about Kibo is that the potential is good in Tanzania as the country remains underexplored compared with the Yilgarn Block and the surrounding regions in Western Australia. Kibo’s Morogoro licences and applications cover 8,900km² within the newly emerging goldfield in the Morogoro-Dodoma-Handeni areas in Eastern Tanzania and lie 50 kilometres to the west of Canaco’s Magambazi Gold Deposit. Kibo’s blocks are adjacent to recent artisanal mining discoveries; and a significant gold bearing structure known as the Ruvu Nappe has been identified on Morogoro South block.

There are a number of good reasons to invest in Kibo. Firstly, Tanzania is one of the most politically stable countries in Africa. Firstly the country highly prospective for a variety of metals and there is a real chance of turning an exploration licence into a mining licence as is evidenced by the number of operating mines that have come on stream in the past twenty years. In fact, Tanzania is probably the fastest growing gold producer in the world. Secondly, the board is highly experienced and consists of proven mine finders including Christian Schaffalitzky, Louis Coetzee and Des Burke. Thirdly, the company has a big ground position in the traditional good greenstone territory near producing mines and infrastructure; but also a strong strategic position in a new gold area in eastern Tanzania which looks to be where the future of gold exploration is in the country. It has to be pointed out that after the experiences of Canaco Resources, Morogoro looks to be an awfully good address with the potential to overtake Lake Victoria as the primary gold address in Tanzania.

Valuation

Looking purely at the gold, peer comparisons amongst Africa based junior gold explorers make for some interesting reading. The group selected were shown to have on average a valuation of US$43.47 or £27.17 per ounce of JORC resource contained gold. Kibo is in the midst of an exploration programme, the second stage of which is to delineate a JORC-compliant gold resource. The team would only need to define 500,000 ounces to be valued at £13.6 million which adding in the net cash position gives £15.3 million equates to 3.7p per share (based on 415.1 million shares in issue.) It is worth noting Canaco Resources trades on an Enterprise Value of £58 million even though has yet to define a maiden JORC resource although it has announced some staggering drill intersections from its exploration project in east Tanzania. Our stance is Speculative Buy with a 3.7p target price based on the gold interests alone. We will be revisiting our target price in light of the proposed acquisitions.

11 May 2012

KIBO MINING PLC

Proposed acquisition of Mzuri Energy Limited and Mayborn Resources Investments (Pty) Ltd

Dated: 11 May 2012

The Directors of Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO) the mineral exploration and development company in Tanzania have, in accordance with AIM Rule 14, requested the London Stock Exchange to suspend trading in the Company's share on AIM with immediate effect pending publication of the admission document in respect of the acquisition of Mzuri Energy Limited and Mayborn Resources Investments (Pty) Ltd.

Kibo continues to make great strides in Tanzania, where it is exploring for gold, nickel, coal and uranium. Initial exploration on several prospects across the company’s portfolio undertaking with a view to identifying drill targets has now completed. The plan now is to assess the data, and then to get on and drill. Kibo’s shares remain suspended as it completes on the acquisition of the energy part of its portfolio, but last traded back in May at 2.25p.

FROM MINESITE 24/6/2012

June 12, 2012
Kibo Mining Expands Its Footprint In Tanzania
By Robert Tyerman
Louis Coetzee, the chief executive of Aim-traded Kibo Mining, exudes a quiet satisfaction as he outlines the latest steps taken by the East African-focused company in its campaign to establish itself as a major player in Tanzania’s power generation and mining industries.

Louis Coetzee
He anticipates a formal coal deal involving major Asian interests should be in place in three months’ time. He’s also expecting to complete a nickel joint venture with a significant Brazilian group.

As foreshadowed by Minesite in April, Kibo has now established itself as a participant in an ambitious project to construct a power station at the Rukwa coal project near the city of Mbeya in south-west Tanzania.

At the beginning of April, Kibo issued 760 million shares to Mzuri Energy, part of the Africa-focused Mzuri group, giving Mzuri some 27 per cent of Kibo in return for 51 per cent stakes in Mzuri’s coal and uranium projects. Then, following that deal, Mzuri’s coal arm signed a memorandum of understanding with what the company coyly describes as “a large Asian conglomerate” to initiate the project for electricity-hungry Tanzania.

Mzuri Coal will supply technical data for a feasibility study on Rukwa, which is currently estimated to contain around 109 million tonnes of thermal coal.

Also quoted in Johannesburg, where it raised £1.2 million at a modest 3p last year, Kibo knows Mzuri well, given that Mzuri’s energy division was formerly headed by Coetzee. The two companies became seriously involved together in 2010.

“We hope for a deal with the Asian company in the next three months”, says Coetzee. He cites Tanzania’s mining-friendly laws, drawn up, he claims, with help from Kibo, its investment tax allowances and risk-free rating by the World Bank, as among the country’s attractions, apart from its mineral wealth.

In February Kibo raised a further £750,000 from Mzuri Gold, at an even more modest 2p. But the company’s recent appointment of Northland Capital as joint broker with Cornhill Capital, and RFC Ambrian as its new nominated adviser might imply the possibility of a further fundraising before too long, if its projects look promising.

Tinus Maree, head of Mzuri, endorses Kibo’s approach. “There is a clear imperative to develop strategic infrastructure projects as catalysts to broader economic development in the region”, he says.

Coetzee is keen to stress that the Rukwa coal project, though important, is by no means Kibo’s only interest in Tanzania. Kibo’s ultimate goal is to become an old-style country-focused mining investment house, he says. And one attraction of a deal with Mzuri, he says, was its attractive portfolio of uranium assets.

“We needed a smart acquisition to diversify into the energy sector”, says Coetzee. Mzuri’s stake in the Pinewood uranium and coal projects, with uranium in the Mbeya area seemed to fit the bill.

“The project comes with funding”, says Coetzee, and as such an airborne survey will shortly get underway. “Our licences are in the same geological area as known uranium projects”, he says. “This is now a hot spot with lots of companies active.” One such is East African Resources, another company he heads.

Meanwhile, Kibo has also signed a memorandum of understanding with Brazil’s private Votorantim group relating to the Haneti nickel project in central northern Tanzania. Coetzee suggests this will become a firm agreement soon, given the promise that Haneti already shows. “The latest airborne surveys show some good drilling targets”, he says.

Kibo also hopes drilling will start later this year on its 33 gold licences in the Morogoro and Dodoma regions of central and south-east Tanzania. The company claims this area shows distinct geological similarities to the goldfields of Western Australia.

The same is true of its gold properties near Lake Victoria, one of which is near a mine run by the African Barrick group, while another is situated on the gold-rich Geita geological trend, only 35 kilometres from one of Canadian miner Canaco’s largest properties.

The stock market has been cautious about Kibo. The company’s shares are now trading at 2.5p, below the level of last year’s Jo’burg funding, and valuing it at a fairly modest £10.38 million. But if the deals it currently has on the table come off, then a re-rating might well be on the cards.
Back Print this news item

Are these quoted on London Exchanges or just South Africa ?

AIM Share Price
(Ticker: KIBO)

JSE Share Price
(Ticker: KBO)
2.75p Change 0.00p
at close on 13 Jul 2012

32.00c Change 0.00c
at close on 14 Jul 2012

KIBO AIM ?
No price shown on my dealer board and no transactions.
How does one deal in London - verbal request for a price or what.
What would the spread be and cost - if dealing in UK

http://kibomining.com/uf/Kibo%20RNS%20Suspension%20of%20share%20trading%20on%20AIM%2011%20May%202012.pdf

rekirkham

I don't know why you didn't go to Kibo's website to answer your question's

In conclusion, I wish to thank Shareholders for their support while we implement the corporate restructuring currently underway that is necessitated by our acquisition of MEL and Mayborn. As you are aware, the Company's shares remain suspended on AIM to allow us complete this work which I am glad to report is near completion and I anticipate that share trading will recommence before the end of July 2012 with re-admission of the Company to AIM.

SUSPENSION UPDATE

"I'm sorry to say that re-admission will now occur in August which is later than we wanted. It has come about as a result of delays to compliancy work across the two exchanges.

I appreciate that the end of July has been mentioned as a target for re-admission to AIM, however, it has always been an anticipated target and has never been an absolute deadline. I can assure you that Louis Coetzee has driven this whole process forward as fast as possible but sometimes there are factors involved that fall outside of our immediate control which can slow things down.

We hope that the advantages that this re-admission will bring to the Company, and therefore shareholders, will mitigate any annoyance at the time it is taking to fulfill all the compliancy requirements involved in this process."

Kibo Resume Trading today - interview with Louis Coetzee, CEO - Audio Interview Link

Kibo Mining
Reverse takeover of coal and uranium projects looks like a transformational deal

Kibo Mining is a Tanzanian-focused multi-commodity exploration business with a large land holding position and interests projects prospective for coal, gold, nickel and uranium.
The Rukwa Coal Project is a NI 43-101 compliant resource of 109Mt thermal coal resource with prospecting licences and applications cover 1,557 km² which provide the opportunity of expanding the current coal resource by further exploration effort.
Kibo benefits from its long association in Tanzania which has allowed the company to put together a 18,000 km² portfolio of gold and nickel licences which is almost 10 times the current government's limits.
Our valuation is based on just the coal and gold interests; and gives a target price of 2.9p.

Found this interesting video interview with Louis Coetzee, Chief Executive Officer of Kibo.

Click on the link below to watch:

http://www.brrmedia.co.uk/event/103890/louis-coetzee-chief-executive-officer