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Kibo’s Mbeya coal restatement hikes resource

Aim- and AltX-listed Kibo Mining’s now completed restatement of its Mbeya coal resource has shown an “unexpected” 10% hike in the mineral resource of the Tanzania-based asset. The total mineral resource increased from the 109.2-million tonnes disclosed in the 2012 resource statement to 120.8-million tonnes, comprising a measured resource of 20.9-million tonnes, 88.6-million tonnes indicated and 11.3-million tonnes inferred.