Change of Adviser

RNS Number : 6948Y

Kibo Mining Plc

05 March 2012

 



KIBO MINING PLC

Appointment of Adviser

Dated: 5 March 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 the appointment of Zeus Capital Limited as the Company's NOMAD with immediate effect.

Enquiries:

Louis Coetzee	[phone]	Kibo Mining plc	Chief Executive Officer
Noel O'Keeffe	[phone]	Kibo Mining plc	Exploration Director
John Simpson Ross Andrews	[phone] [phone]	Zeus Capital Limited Zeus Capital Limited	Nominated Advisor
Andreas Lianos	[phone]	River Group	Designated Advisor
Nick Bealer	[phone]	Cornhill Capital Ltd	Broker (Corporate Broking)
Andrew Frangos	[phone]	Cornhill Capital Ltd	Broker (Corporate Finance)
Matt Beale	[phone]	Fortbridge Consulting UK	Public Relations

Updates on the Company's activities are regularly posted on its website www.kibomining.com

Notes to Editors:

Kibo is a public company registered in Ireland (company number 451931). Its registered office is Kibo Mining plc, Suite 3, One Earlsfort Centre, Lower Hatch Street, Dublin 2, Ireland. Kibo was established in early 2008 to explore and develop mineral deposits in Tanzania, East Africa and was admitted to AIM on 27 April 2010 and AltX in South Africa on 30 May 2011

The Board of Kibo is composed of highly experienced professionals spanning mineral exploration, mine development, mining finance and financial control of public companies. It is supported by well trained and highly motivated Tanzanian staff that operates from Kibo's exploration offices in Dar es Salaam and Mwanza.

The mineral assets of the Company comprise three projects in Tanzania - Haneti (nickel, platinoid elements and gold), Morogoro (Gold) and Lake Victoria (Gold) which give Kibo access to over 18,000 km² of early stage exploration licences in Tanzania's premier gold mining region, the Lake Victoria Goldfield and within the newly emerging gold exploration regions in eastern Tanzania

Strategy

Kibo's objective is to enhance Shareholder value through acquisition, exploration and development of mineral assets in Tanzania. This objective will be pursued primarily through active exploration, particularly drilling on its current projects and by using the Company's experience in Tanzania to acquire further quality mineral projects on competitive terms that can be quickly evaluated and taken to the next stage of development. Kibo will undertake continual risk assessment of its projects and take whatever actions it believes are necessary to ensure that these risks are mitigated.

 

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