Reviewed: 7th July 2024
Whilst the Company remains highly engaged with regard to the Haneti Project, the identification of additional, potentially high-value project opportunities is a clear route to further grow the interests of the Company and generate value for shareholders.
The strong African and global technical capabilities accessible by the Company are opening up a wide range of possibilities, to develop existing interests and in the potential acquisition of new opportunities. This includes an ability to stake new ground in strategic locations and, if relevant to consider acquisitions or earn-ins on existing project interests.
The aim of Katoro now is to focus on a limited number of high impact exploration and development projects, rather than a diverse wide-ranging portfolio, enabling the allocation of working capital into a set of focused business interests.
In all cases due regard is given to the managerial and financial resources of the Company to ensure transactions, if and when undertaken, are manageable by the Company.
RNS – Business Update – 19 March 2024