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Opera Investments Plc
Summary
| Project: | Lake Victoria | |
|---|---|---|
| Deposit: | Imweru, Lubando | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 3/2/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 2-3-2017: Opera Investments Plc announces a Resource Estimation report for its Imweru, Lubando deposit at the Lake Victoria project. Update of resources at Imweru and Lubando as part of acquisition transaction. Further to the announcements made by Kibo an | |
| Resources: | (Resource, I+I): 754980oz Au at Lake Victoria | |
| CP/QP: | [Resources]: Noel O'Keffe (Kibo Mining Plc) | |
| ABSTRACT: | Further to the announcements made by Kibo and Opera on 23 September and 2 December 2016, Opera and Kibo are pleased to announce the following update on the potential transaction by Opera to acquire the Imweru and Lubando Gold Projects from Kibo (“the Proposed Transaction”). Opera and Kibo are pleased to confirm that the transaction documentation in connection to the Proposed Transaction is nearing completion. As part of the Proposed Transaction, under applicable regulation and commercial requirements, Opera has commissioned an appropriately qualified expert, Minxcon (Pty) Ltd, to undertake a Competent Person’s Report, an evaluation of the geological assets to be acquired from Kibo by Opera. As part of this review, the directors of Opera and Kibo have received an update to the resources of Imweru and Lubando Gold Projects. The information provided in relation to this resource update has been reviewed and verified by Kibo's qualified person, Noel O’Keffe B.Sc. (Hons) Geology, PGEO, who is a qualified person for the purposes of the AIM Rules for Companies. The final Competent Person’s Report will be included in the admission document to be issued in due course. Following the completion of the final aspects of relevant documentation associated with the Proposed Transaction, the directors of Kibo and Opera are pleased to report that they are looking forward to interacting with potential investors in the coming weeks in order to complete the Proposed Transaction as soon as possible. | |
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