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Katoro Gold

Katoro Gold to accelerate battery metals plan following gold licence deal

Louis Coetzee says Katoro Gold PLC’s (LON:KAT) deal for its gold licences in Tanzania should be considered more a re-positioning than a disposal.
It’s part of a re-focusing of the strategy towards battery metals, he adds.
Katoro will retain a royalty on production from the Imweru and Lubando project with the route to production now that much shorter as the company acquiring the assets already has mining rights on a neighbouring block.
Meanwhile, Katoro can use the money from the deal to develop the Haneti nickel deposit.

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Price: £0.01

Market: AIM
Market Cap: £1.78 m
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Red Rock soon expects confirmation its Kenya licences have been granted

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