“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
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.
BMI Research has revised down its growth forecasts for gold production in Tanzania over the next ten years as ongoing regulatory pressure from the...