Katoro Gold PLC is the developer of the Imweru and Lubando gold projects in Tanzania and was admitted to trading on the AIM Market of the London Stock Exchange in May 2017.

Katoro's primary focus will be on advancing and developing Imweru through a focussed work programme which will include a feasibility study and a drilling programme. Katoro's aim is to commence gold production with an initial target of 50,000 oz gold per annum within 18-24 months, subject to further funding, following the AIM admission

Imweru is located in the Lake Victoria Goldfields region of northern Tanzania and forms part of the Imweru Licence Portfolio. Imweru is located approximately 120 km directly southwest of the city of Mwanza in northern Tanzania (approximately 160 km west-southwest by road).

The Imweru and Lubando gold projects both have Mineral Resources established in accordance with the JORC (2012) Code:

  • Imweru: The Mineral Resources stated for Imweru consist of 11.607 Mt at grade of 1.38 g/t for a Mineral Resource of 515,110 oz Au at a resource pay limit of 0.4 g/t for the open pittable material and 1.3 g/t for the underground material.

  • Lubando: The Mineral Resources stated for Lubando consist of 6.78 Mt at grade of 1.10 g/t for 239,870 oz Au at a pay limit of of 0.4 g/t to a depth of 200 m and 1.3 g/t below the 200 m depth cut-off.