Katoro Gold

“Blyvoor is a substantial opportunity for Katoro and with each step in our work completed our excitement rises." - Louis Coetzee

Katoro Gold has announced the exercise by Power Metal Resources of its option to increase its ownership interest in the Haneti Nickel Project in Tanzania.

AIM-listed Katoro Gold and its joint venture partners have extended the deadline to secure project funding for the Blyvoor gold tailings project.

“We were pleased to see the level of interest shown in the Blyvoor gold project, with the number of potential finance partners exceeding expectations."

This is indicative of the significant progress Katoro Gold has made over the last six months on its strategic base and precious metal portfolio.

Significant progress has been made over the past month in advancing the Project at all levels and most notably on the funding initiatives.

"By combining Imwelo and Imweru, Katoro Gold believes that Imweru has a greater chance of being brought into production." - Louis Coetzee

While Katoro Gold’s Haneti project is still in the early stages of development, the company believes that there is significant margin for growth.

Tanzania focused gold and nickel exploration and development company Katoro Gold has entered into a binding conditional agreement to participate in a strategic gold production opportunity in South Africa, focused on the reprocessing of an existing 1.34 Moz of gold JORC compliant tailings resource.

Kibo Mining's wholly-owned subsidiary Kibo Mining (Cyprus) has sold Kibo Nickel Limited to Katoro Gold in an all share transaction. This is in line with Kibo’s strategy of becoming a major regional power player in Africa as the sale allows it to focus on its three energy projects currently in development.