At a Glance
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 interest (20%), subject to dilution, in an iron ore prospect in Afghanistan, namely the “Hajigak Project”.
Our corporate strategy is to advance solely or in partnership our gold and iron ore ore prospects and resources, in what is defined as the “Kilo-Moto” region, a semi-continuous Archaean Kabalian greenstone belt in the northeast DRC.
As a company, our mission is to unlock shareholder value by growing and developing our mineral resource base in a socially and environmentally responsible manner.
The Board of directors and Management Team have a wealth of experience with respect to the exploration and development of resource projects in Africa and in particular the DRC. Whilst we are headquartered in Toronto; our DRC presence includes an exploration camp in the Oriental province and an administrative office in Beni, Nord Kivu Province.
Importantly, we believe our success is dependent on effective stakeholder engagement and management and the selection of organisations and persons with the right skills and capacity to assist us in the development of our projects.
Properties with Proven Potential
Gold was first found in the Kilo-Moto region of the DRC in 1903, with the establishment of the Kilo and Moto mines in 1905 and 1911 respectively. Since 1903 to Independence (1960) over 11 Moz of gold has been mined from this region. Of this 11 Moz, 3 Moz was removed by the Belgian Charter companies between 1950 and 1960 (Mine Web, 2011).
Within the Kilo-Moto region, we hold 2542 km2 of exploration licenses (PR’s) and 606 km2 of exploitation licenses (PE’s). Our flagship “Somituri Project“, for which we have exploitation rights for, incorporates a number of past-producing Belgium mines within one of the exploitation licenses (the Imbo License), circa 0.3 Moz of gold production during the colonial-era.
Sustainability and Governance
We are committed to maintaining our social, legal and fiscal license to operate and to protect shareholder value. This means that the approach and methodologies we follow during the exploration and project development phases are designed with this objective in mind.