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Gold

DRC Somituri Project
  • 1.87 Moz of Au @ 1.63 g/t (NI 43-101-inferred), Adumbi deposit, Imbo Licence
  • Multiple new targets being delineated within a 5 km radius of Adumbi
  • New targets identified on other licences
  • Eight mining licences - 606 km²

Iron Ore

Democratic Republic of Congo (DRC)
  • KWR-Iron SPRL (75% shareholding)
  • Exploration licences - 2058 km²
  • High quality iron ore resource (±64% Fe)?
Afghanistan
  • Kilo Iron BVI (20% minority interest)
  • High quality iron ore resource (±62% Fe)?
  • 484 Mt of Fe?
 

SHEC

Project Development
  • Focus on Safety, Health & the Environment (SHE)
  • Adherence to Equator Principles / IFC Guidelines
Community Development
  • KGL Foundation
 

Where we are

Headquarters
  • Toronto, Canada
Support Offices
  • Beni, Democratic Republic of Congo
  • Johannesburg, South Africa
Exploration Activities & Interests
  • Gold & iron ore in the northeast DRC
  • Iron ore in Afghanistan

Welcome to Kilo Goldmines

Kilo Goldmines Ltd (Kilo) is an exploration and resource development company with gold and iron ore prospects and resources in the northeastern portion of the Democratic Republic of Congo (DRC) and a non-participatory, subject to dilution interest (20%) in an iron ore prospect in Afghanistan, namely the "Hajigak Project".

We are listed on the Toronto Stock Exchange - Ventures ("TSX-V") under the symbol 'KGL' and on the Frankfurt Stock Exchange under the symbol '02K'. Our corporate strategy is to advance solely, or in partnership, our gold and iron ore prospects and resources, in what is defined as the "Kilo-Moto" region, a semi-continuous Archaean Kabalian greenstone belt in the northeast DRC.

In the northeast DRC, we have delineated a 1.87 Moz NI 43-101 inferred gold resource estimate on our Imbo Licence, one of the 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 resource, with the ultimate objective being; to grow the gold resource base on this licence significantly and create a multi-pit operating mine of regional significance.

Whilst we believe that Afghanistan offers advantages as an investment opportunity, we firmly believe that the DRC is significantly underdeveloped with respect to its resource potential and represents a significant business opportunity for early entrants and for those who understand how to operate in this country.

Due to civil wars post independence, the DRC has been starved of foreign direct investment (FDI), right through to 2006 and 2007. Since this time however, the DRC has seen significant growth in FDI and we as a company believe that the economic, legal and political enablers are now in place for this to continue, see "FDI Graph" (ANAPI) and "GDP Growth Graph" (Economy Watch).

Companies active in the northeast DRC

Given the aforementioned political changes, the northeast DRC has seen a resurgence of gold and iron ore exploration since 2007, as detailed below:

  • Randgold Resources and AngloGold Ashanti - "Kibali Mine" (>10 Moz of Au reserves,(2012)), operational (2013)
  • Banro Corporation - "Twangiza Mine" and other regional targets(>11 Moz Au resources, (2012)), operational (2011)
  • AngloGold Ashanti - Mongbwalu Project (+/- 1.9 Moz Au resource (2010))
  • Loncor Resources - DRC exploration targets (+/-1 Moz Au resource (2011))
  • Mwana Africa - Zani-Kodo (+/- 2 Moz gold resource (2012))

Our activities in the northeast DRC

We have controlling equity in four companies active in the northeast DRC, namely:

  • KGL-Somituri SPRL (71.25%);
  • KGL-Sihu SPRL (99%);
  • KGL-ERW SPRL (75%), and
  • KWR-Iron SPRL (75%).

All companies have a gold focus, whilst KWR-Iron SPRL has both a gold and iron ore focus. KGL-ERW SPRL, KGL-Sihu SPRL and KWR Iron SPRL currently hold exploration licenses covering a land area of 2544 km2, whilst KGL-Somituri SPRL holds eight exploitation licenses covering 606 km2 of the Archaean Ngayu Greenstone Belt in the Oriental Province of the DRC.

All exploration work falling under KGL-Somituri SPRL is collectively referred to as the Somituri Project and to date, resource development work has focused primarily on the Imbo Licence, with early exploration activities advancing on the other seven licenses simultaneously.

In December of 2012, KGL signed a JV agreement with Randgold Resources Ltd (RRL), to explore for and if feasible, develop one or more gold mines on the exploration licences held by KWR-Iron SPRL.

Our strategy

Our short and long term business plans include:

  • on the Imbo Licence (part of the greater Somituri Project), delineating and developing a multi-pit resource of a sufficient grade and size, that will support a mine of regional significance. Part of this process includes initiating early study phase activities, including but not limited to social and environmental base line studies, including; hydrology and hydrogeology;
  • defining new drill targets, discover in-situ gold mineralisation and, ultimately, delineate gold resources and develop one or mines on the other seven exploitation licenses forming part of the greater Somituri Project;
  • identify one or more partners for the development of KWR-Iron SPRL's iron ore prospects;
  • unlocking shareholder value and increasing our DRC gold exposure,  through our strategic partnership with Randgold Resources Ltd, for the exploration licences associated with KWR-Iron SPRL;
  • leveraging our shareholding in the Hajigak iron ore project, to unlock positive shareholder value.

Our sustainable development initiatives (SDI)

We are a proponent of grassroots sustainable social and economic development in and around the areas in which we operate and our corporate strategy is to:

  • improve the lives of the people we interact with;
  • promote sustainable development;
  • maintain our social license to operate and
  • leave a positive social and environmental legacy after we have gone.

Find out more about the KGL Foundation

Mar 6 2013
Early warning report for the purchase of Shares and Warrants by Altus Capital End of February 2013
Jan 31 2013
Kilo files a preliminary short form prospectus to raise CAD 10 M
Jan 31 2013
Kilo files preliminary Short Form Prospectus for Offering of Commom Shares
Jan 31 2013
Annual information form for the year ended September 30, 2012
Jan 25 2013
Management circular for AGM
Jan 25 2013
Notice of AGM
Jan 23 2013
Kilo announce drill results for Kitenge, 27.1 g/t over 3.8 m
Jan 15 2013
DRC Investor Gold and Iron Ore Presentation
Jan 14 2013
KGL announce drill assay results for Manzako, 17.3 g/t over 4.1 m
Jan 8 2013
Kilo announce drill assay results for Kitengi, 11.5 g/t over 7.8 m


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About Us

At a Glance
Our History
Our Approach
Business Principles
Our Strategy
Leadership Team

Our Projects

Overview
Where we Operate
Gold
Iron Ore

Sustainability
& Governance

Approach & Principles
Community Development
Environment
Health, Safety & Security
KGL Foundation
Privacy Policy
Corporate Governance

Investors
& Media

Events Calendar
Company Structure & Ownership
Stock Information
Investor Fact Sheet
Press Releases & Regulatory Filings
Presentations & Interviews
Kilo on the Web
Get KGL News

Contact Us

Corporate Head Quarters
DRC Administration Office, Beni
Exploration Camp

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