1、Design and Print by Modern Printers:056 7721739Annual Reportand AccountsKIBOMINING2016TARgeT PRogRAmme foR 2017/2018Mbeya Coal to Power(Coal)Re-statementofCoalResource CompletionofDefinitivePowerFeasibilityStudy CompletionofDefinitiveMiningFeasibilityStudy MiningRightApplicationsubmittedtoTanzanianM
2、inistryofEnergy&MineralsCollaborationAgreementsignedwithGEInternationalInc.(GE)forsupplyofequipment,technologyandservicestotheMbeyapowerplantAppointmentofABSA/BarclaysBankasnewFinancialAdvisortoMCPPEngineering-Procurement-Construction(EPC)&Other EquipmentManufacturer(OEM)contractsawardedtoSEPCOIII&G
3、Erespectively CompletionofEnvironmental&SocialImpactStudy CompletionofIntegratedBankableFeasibilityStudy(announcedJanuary2017)IMweru&lubando ProjeCt(Gold)Optionsinvestigatedforspin-offofKibosgoldprojects(Imweru&Lubando)inLakeVictoriaRegionintoseparategoldminingcompanyHeadsofAgreementsignedwithOperaI
4、nvestmentsPLCforthesaleofImweru&Lubandoinreversetakeovertransaction(“OperaTransaction”)OperaTransactioncompleted(May2017)withadmissionofOperatoAIM,re-namedKatoroGoldPLCandplacingimplementedwhichraised1.5mtoadvanceImwerutowardsgoldproduction Re-statementofgoldMineralResourcesatImweru&LubandoHanetI Pr
5、ojeCt(nI-Cu-PGM)HanetimaintainedingoodstandingpendingavailabilityofresourcetodrillestablisheddrilltargetsMCPPEnvironmentalImpactAssessment(Complete,awaitingcertification)NegotiationofPPAwithTANESCO(Target:Q22017subjecttofinalization of Tanzania Energy Policy Procurement Reviewcurrentlyunderway)Finan
6、cialClose(2017dependentonfinalizingPPA)HanetI ImplementdrillprogrammeatHanetionprioritytargetsatMihanzaandMwakaHillscontingentonresourcesbeingavailableKatoro Gold PlCIMweru Implement drill programme with objective of expanding andupgradingexistingMineralResourceinordertocompleteminingPre-Feasibility