Kibo’s Haneti Project Prospective for Nickel, PGMs

Kibo Mining plc (LSE:KIBO) announced the discovery of a 30-kilometer strike of nickel and platinum-group metals (PGMs) prospectivity at its Haneti project. The news follows the company’s receipt of a technical report that covers “full historical exploration and technical data” from Haneti.

Report highlights include:

  • 30km strike of nickel-Platinum Group Metal (‘PGM’) prospectivity identified at Haneti
  • High priority nickel and PGM targets at Mwaka and Mihanza Hill confirmed
  • Potential of project to host lithium pegmatite mineralisation (lithium and associated elements such as niobium and tantalum) to be further investigated
  • Based on this technical report the company is now able to focus future activities on key tenements highly prospective for target mineralisation

Louis Coetzee, CEO of Kibo, commented:

The report released today demonstrates the strategic importance of Haneti and its potential to deliver considerable opportunity to the company going forward making the project one of the Company’s key assets. Results from the 2013 exploration programme at Haneti, when integrated with prior historical work undertaken, demonstrate the high degree of prospectivity evident on the ground. Haneti provides Kibo with exposure to highly attractive nickel, gold and Platinum Group Metal targets; and now, potential strategic metal opportunities with lithium and niobium prospectivity.

Click here to read the full Kibo Mining plc (LSE:KIBO) press release.