Kilo Goldmines Ltd (Kilo) is a gold exploration and resource development company whose strategy is to advance and develop our gold and iron ore prospects.
In the northeast DRC, we have delineated a 1.67 Moz NI 43-101 inferred gold Resource on our Imbo Licence, one of eight exploitation licences which form part of the greater Somituri Project. We are now delineating a number of other highly prospective targets within a 5 km radius of this inferred Resource estimate, with the ultimate objective being to grow our gold resource base significantly on this licence as well as on our other properties for which we have exploration and exploitation licences for.
Our portfolio of assets in the DRC is summarised in the Table below.
|Legal Entity||Ownership % (KGL)||Status||Licenced Commodities||Land Area km2|
|KGL-Somituri SARL||71.25||Exploitation Permit||Au, Diamonds||606|
|KGL-ERW SARL||75||Exploration Permit||Au, Ag, Sn, Cr, Nb, Ta, Fe||118|
|KWR Iron SARL||75||Exploitation Permit||Au, Ag, Sn, Cr, Nb, Ta, Fe||2058|
We will continue to evaluate current and potential properties, their associated resources, our capacity to develop these resources, including business and infrastructure enablers and either grow or divest elements of our resource portfolio.
As a company, our mission is to unlock shareholder value by delineating our mineral assets in a strategic and socially and environmentally responsible manner.