[Request πŸ‘‹] Katoro Gold (KAT) πŸ’° ⛏

katoro-gold.com

Katoro Gold is an AIM quoted Tanzanian focused exploration and development company with a portfolio of #Gold and #Nickel exploration licences. The company has two major projects: Imweru and Lubando. Imweru project is in the Lake Victoria Goldfields region of northern Tanzania and forms part of the Imweru Licence Portfolio. Its primary focus will be on advancing and developing Imweru through a focussed work programme which will include a feasibility study and a drilling programme. In addition to the Imweru and Lubando gold projects, it has the potential to progress other projects, including the earlier stage Sheba, Pamba and Busolwa projects via option agreements with Kibo. Its two divisions include Mining and Corporate.Katoro Gold PLC is developer gold projects in Tanzania.

#KAT #Media #Gold #Production

Today’s RNS highlights the significance of the gold tailings asset as you don’t get this high calibre personal joining without him seeing true potential and a massive upside, its that simple He has vast experience in large scale projects.

@KatoroGoldplc

𝐌𝐒𝐧𝐒𝐧𝐠 𝐌𝐚𝐯𝐞𝐧 𝐊𝐚𝐭𝐨𝐫𝐨 𝐆𝐨π₯𝐝 𝐁π₯𝐨𝐠 ➧

External media from @theminingmaven

➧Game-changing gold opportunity: Why Katoro’s major bull-run is primed to last https://buff.ly/2UQCSYS

#KIBO #KAT 𝐊𝐈𝐁𝐎 𝐞𝐱𝐞𝐫𝐜𝐒𝐬𝐞 𝐊𝐚𝐭𝐨𝐫𝐨 𝐆𝐨π₯𝐝 π–πšπ«π«πšπ§π­π¬

πŸ’ 

@KiboEnergy have exercised 1.8M warrants in @KatoroGoldplc and increased their holding to 96,138,738 ordinary shares representing 52.1% of the Company’s issued share capital https://buff.ly/2StMoQe

Increased their holding to 52.1% #KAT #KIBO Bring on the gold tailings - Β£6m nett pa Bring on the drilling programme at #haneti #PGM #palladium #nickel @KatoroGoldplc

Tightly held & this story is only going to get better…

Update - now every reason to invest: http://prntscr.com/r392en

Please add this to Freetrade asap :fire: :fire: :fire:

Hi, there are some gems to uncover on AIM, especially in the mining sector. Take a look at KAT - Katoro Gold. Just signed a JV to begin processing Gold tailings (already mined) with ramp up to 17500 ounces of Gold per annum. That’s huge revenue for a 5m market cap company.

Here’s an excellent article explaining the JV. Speculative but very profitable if this comes to fruition:

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Katoro Gold KAT listed on LSE AIM recently announced a JV with Blyvoor Gold in South Africa to process ready mined Gold tailings which are sitting in tailing dams at the old working mine at https://www.blyvoorgold.com/

They also announced that Graham Briggs ex Ceo of 20 years at Harmony Gold will become JV manager. Graham managed 9 underground mines in his time at South Africa’s 3rd largest mining company.

The numbers on project are quite staggering for a micro cap company.

The JV partners plan to exploit potentially viable deposits of gold and any other minerals from six gold tailings dams owned by Blyvoor in South Africa, which contain a JORC code compliant resource of, in aggregate, 1.34 Moz of gold at an average grade of 0.30g/t gold.

The project is targeted to produce approximately 35 000 ozpa of gold and to have a 35-year life of mine.

As part time of the 50/50 JV, 17500 ounces of Gold per annum would be Katoro’s share of the deal, and with an all in cost of $664 an ounce this looks very profitable given the rise in Gold prices.

Here is a very easy to read article on the JV, worth looking at while price and market cap are still very low (Β£5m market cap right now)

https://www.miningreview.com/gold/katoro-gold-enters-into-strategic-gold-tailings-opportunity-in-sa/

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Hey :wave:

Thanks for the posts, make sure you keep them to the relevant stock discussion threads so it’s easy for new peeps to follow the conversation. :+1:

I moved both for now.

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Couple of interesting bits from Twitter

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Pretty interesting Twitter thread dive into Katoro’s projects

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Just bumping this up.