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Imweru PFS expanded to Include a LiDAR Survey
Imweru PFS expanded to Include a LiDAR Survey.
About this update from Focus Xplore Plc
[{"type":"text","content":"\n \nRNS Number : 3975X Katoro Gold PLC 24 November 2017 \n\nKatoro Gold plc (Incorporated in England and Wales)\n(Registration Number: 9306219)\nShare code on AIM: KAT\nISIN: GB00BSNBL022\n(\"Katoro\" or \"the Company\")\n \n \n \n24 November 2017\n \nKatoro Gold Plc (\"Katoro\" or the \"Company\")\nImweru Project's Pre-Feasibility Study Expanded to Include a LiDAR Survey\n \nKatoro Gold Plc (AIM:KAT), the Tanzania focused gold exploration and development company, is pleased to announce that it has commissioned a Light Detection and Ranging (\"LiDAR\") survey at its Imweru gold project (\"Imweru\") in Tanzania to further strengthen the Pre-Feasibility Study (\"PFS\"), which remains on track to complete in the near term. \n \nThe Company is advancing Imweru through a work programme consisting of the completion of a PFS, drilling programme, a feasibility study and the application for a Mining Licence as well as an Environmental and Social Impact Assessment (\"ESIA\"). Accordingly, as a valuable addition to the PFS, a LiDAR survey has been commissioned without compromising the timeline or budget. \n \nThe survey will use pulsed laser light to create a highly accurate data set over the entire envisaged Imweru mining area. The survey will measure the distance to a surface target area by illuminating that target with a pulsed laser light, and in doing so measuring the reflected pulses with a sensor. In the case of Imweru, this will be used to produce a digital topographical database to enable the creation of high-resolution topographical maps which will provide high accuracy data for the final resource estimation and optimised mine design. The airborne LiDAR survey will be executed with a Piper PA-32 Cherokee 6, which is modified for this purpose and approved by the Tanzanian Civil Aviation Authority. \n \nThe approximate US$14,000 cost of the LiDAR survey will be satisfied through the issue of new ordinary shares in Katoro on delivery of the survey report, with the number of new ordinary shares to be issued to be determined based on the Katoro share price at the time of such issue.\n \nAdditionally, Katoro recently completed Phase 2 of the ESIA, used for predicting and assessing the potential environmental and social impacts of a project, evaluati...