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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Katoro Gold Plc | LSE:KAT | London | Ordinary Share | GB00BSNBL022 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.09 | 0.08 | 0.10 | 0.09 | 0.09 | 0.09 | 9,597,330 | 07:33:41 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -1.05M | -0.0016 | -0.56 | 602.55k |
TIDMKAT
RNS Number : 5816Z
Katoro Gold PLC
20 May 2019
Katoro Gold PLC (Incorporated in England and Wales)
(Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
Dated: 20 May 2019
Katoro Gold PLC ('Katoro' or the 'Company')
Results of Haneti Nickel Project Sampling Programme
Highlights:
-- Results received back from the soil sampling programme undertaken at the Haneti Nickel Project
-- 1,500 samples analysed at an independent laboratory -- Results successfully identified a new, previously unknown, exploration target -- Increasing strike length of previously identified high priority areas -- Findings to inform further exploration work, including defining a maiden drill programme
Katoro Gold PLC (AIM: KAT), the Tanzanian focused exploration and development company, is pleased to announce the results of the soil sampling programme undertaken at the Haneti Nickel Project ('Haneti' or 'the Project') ('the Results') as previously referred to in the Company's announcement dated 30 January 2019.
The soil sampling programme, aimed at further delineating already identified primary targets, was part of an ongoing exploration programme at the Project. The Results have reconfirmed, and extended the strike length, of the previously identified high priority ultramafic exploration targets, as well as identified an additional ultramafic target, previously unknown to the Company.
The Results confirm the exploration prospectivity of Haneti and will be used to inform the Company's further exploration programme in 2019, including defining a maiden drill programme. Upon the receipt of the monies from African Battery Metals PLC as referred to in the Company's RNS dated 15 May 2019, the Company is fully funded to undertake the initial exploration activities in this regard.
Louis Coetzee, Executive Chairman of Katoro, said: "The results from the comprehensive soil sampling programme undertaken at Haneti have served to further increase our confidence in the prospectivity of the Project. Particularly positive, is the identification of a new, previously unknown, target as well as the increase in strike length of known priority targets. We believe that Haneti has the potential to provide significant value to Katoro and its shareholders, and I look forward to providing updates as we continue to deliver our planned exploration programme."
**ENDS**
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.
For further information please visit www.kibo.energy or contact:
Louis Coetzee louisc@katorogold.com Katoro Gold plc Executive Chairman Richard Tulloch +44 (0) 20 7409 Strand Hanson Limited Nominated Adviser Ritchie Balmer 3494 Georgia Langoulant Ben Tadd +44 (0) 20 3700 SVS Securities Broker Tom Curran 0093 Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media 1177 Ltd Relations Adviser
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
May 20, 2019 07:35 ET (11:35 GMT)
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