Discovering the DRC's next MAJOR Gold deposit
Kilo Goldmines Ltd. is a gold exploration and development company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K.FSE' and available in the USA under the special routing ticker 'KOGMF'. Kilo's principal focus is to advance its projects in the Kilo-Moto area in the Democratic Republic of the Congo from exploration, feasibility, project development and ultimately to full production.
The Company's mission is to unlock shareholder value by increasing and developing the Company's gold assets in a socially and environmentally responsible manner.
World Class Management Team
The board of directors and senior management team have a wealth of experience with gold exploration and development in Africa. The Kilo team is headquarted in Toronto; our Congo presence includes an office in Kinshasa and field offices in Beni and Isiro.
Properties with Proven Potential
Kilo has over 16,000 square kilometers of favourable Archaean Kabalian greenstone in the Kilo-Moto area. The main exploration targets include the Masters and Somituri properties. Over 11 million ounces of gold have been produced in the Kilo-Moto area since 1906.
Responsible Exploration Practices
Kilo is committed to balancing profitability with corporate responsibility. By working closely with the local community and Congolese goverment officials, Kilo is helping realize the potential of the DRC's vast mineral wealth in a sustainable way.
* Experienced team headed by Klaus Eckhof who founded Moto Goldmines (acquired by Rangold Resources last year) and Peter Hooper
* 16,000 km2 of highly prospective ground in the Kibalian greenstone belt; key targets are 200 km away from Moto discovery (20M+ oz); 450km away from Banro (11M+ oz)
* Total historic resources of 1.7M oz of gold *
* Total historic gold production of 630,025 oz (recovered grades of 7-9 g/t)*
* Strategic partnership with Rio Tinto for iron ore assets
* Key shareholders: Randgold Resources (12.5%), institutional investors (31.6%), insiders and retail investors (55.9%)
Kilo's corporate objective in 2010 is to delineate 2 to 4 million ounces of gold (NI 43-101 compliant).
Kilo's properties are structured under 5 operating companies as follows:
Operating Company Ownership Exploration Activity
KGL Masters 90% 6,500 metres of diamond drilling tested 5 areas in Q2 to Q4-2009; compilation of data is in progress.
KGL Somituri 71.25% 10,000 metre program planned for Somituri properties beginning early Feb. 2010; targets includes historic mines.
KGL ERW 75% Approximately half of the KGL-ERW licences are subject to a Joint Venture with Rio Tinto for iron ore.
KGL Sihu 99% No planned exploration in 2010.
KGL Poko 82.5% No planned exploration in 2010.
Kilo Goldmines is committed to balancing investor loyalty with responsible exploration practices.
Administered through the KGL Community Foundation, Kilo is actively promoting grassroots social and economic development in and around the areas in which the company operates.
The objectives of the KGL Community Foundation are to promote sustainable development that enhances opportunities and quality of life by:
* involving local communities in identifying their specific needs
* promoting and supporting education and skills training
* improving access to health care and awareness of public health issues through research and documentation of changes in the health of communities
* supporting improvements in sustainable agriculture, apiculture, aquaculture and forestry
* supporting of the development of micro-entrepreneurs and small businesses
* using, where applicable, local expertise, contractors and labour in its projects
KGL Community Foundation Projects
Kilo firmly believes that minimizing the environmental impacts of its activities and building cooperative working relationships with local communities is not only a good business practice, it is essential for the long-term operation of the company and ultimately a necessity to achieve the best possible outcome for shareholders.
Kilo's management has also taken steps to ensure that all employees and suppliers respect and adhere to the laws of the DRC with respect to the protection of threatened and endangered species. All employees and contract workers are briefed on this matter and understand that the purchase, sale or possession or the causing of harm to any animal which belongs to a threatened or endangered species can be grounds for immediate dismissal.
Mining in the DRC
$24 Trillion in Untapped Mineral Wealth
According to a February 2009 report in African Business magazine, the value of the mineral reserves buried under the soil of the DR Congo exceeds US$24 trillion dollars. This sum is greater than the combined GDP of both the United States and the 27 European Union (EU) countries.
Recent Developments in the DRC Mining Sector
- The Congolese Government is taking considerable steps to both attract and work with foreign investors by promising fair and transparent treatment to private business.
- In 2002, the DRC signed up to the Extractive Industries Transparency Initiative, which requires all revenues and payments by mining companies to be made public, assuaging at least some of the concerns about state corruption.
- Other recent legislation since the democratic elections in 2006 includes a new investment code, a new mining code and a new commercial court. The World Bank is also supporting efforts to restructure the DRC's large parastatal sector and neglected infrastructure including the Inga Dam hydroelectric system.
- The country has recently completed a long-awaited review of 61 mining concessions, many of which had been negotiated in the highly unstable period 1996-2006 (none of these concessions affected Kilo).
- These developments are credited with attracting billions in capital investment over the last 4 years and raise the prospect of mineral profits that will ultimately affect the lives of all DRC citizens.
The Right Time for Gold Exploration and Development
The Democratic Republic of Congo (DRC) holds the promise of becoming one of Africa's most significant gold producers. With a history of oppressive colonial rule, brutal dictatorship, and violent civil unrest for much of the last decade, there are signs that political stability is slowly starting to emerge.
In addition to helping realize potential for shareholders, Kilo is firmly committed to helping the local Congolese people in the communities it is working in and with. Kilo is already helping contribute to the short-term stability of the region through job creation, training activities and philanthropic sustainable development initiatives through the KGL Community Foundation. Kilo will continue to maintain a healthy balance between achieving success for shareholders while playing an active part in contributing to long-lasting peace and prosperity in a developing nation blessed with abundant mineral wealth