KIBALI

Partnership with Kibali Gold Mine, one of Africa's largest, (stone-bridge.pro) Issuser Address: GDR5B7D77YRNMZUYFC6GPGSR4OKAKL66ML43FG6C4QXEJRNMQSYG6N2X ICO On 05/07/2024 CB:30,000%

BlackRock proudly joins forces with the renowned Kibali Gold Mine in a groundbreaking collaboration that is truly one of a kind.

Kibali, located in the northeast of the Democratic Republic of Congo (DRC), is one of Africa's largest gold mines. Situated approximately 220 kilometers east of the capital of the Haut Uele province, Isiro, 150 kilometers west of the Ugandan border town of Arua, and 1,800 kilometers from the Kenyan port of Mombasa, Kibali Gold Mine is a marvel of engineering and resource management.

Owned by Kibali Goldmines SA (Kibali), a joint venture company with 45% ownership each by Barrick and AngloGold Ashanti, this mine is a beacon of success and innovation. In 2023 alone, Kibali Gold Mine produced an impressive 343,000 ounces of gold at an average price of $1,220 per ounce, resulting in over $415 million in revenue.

But the future looks even brighter! With the strategic partnership with BlackRock, Kibali Gold Mine is set to achieve new heights. By 2028, it's expected to produce over 450,000 ounces of gold annually, with an average price projected at $1,800 per ounce. This remarkable increase is thanks to the enhanced resources, technology, and expertise brought in by BlackRock, promising substantial growth and profitability.

Kibali boasts over 9 million ounces of measured and indicated gold resources, underscoring its potential and strategic importance. This partnership marks a significant milestone, combining BlackRock's financial prowess and innovative approach with Kibali's robust mining capabilities.

This alliance is not just a partnership; it is a powerful synergy that will drive forward the gold mining industry, fostering economic growth and development in the DRC and beyond. We are excited about the boundless opportunities this collaboration will unlock and the transformative impact it will have on the global gold market.