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Katoro Gold said the results of the soil sampling programme at the Haneti nickel project in Tanzania had confirmed its exploration prospectivity.
The results had reconfirmed, and extended the strike length, of the previously identified high priority ultramafic exploration targets.
They had also identified an additional ultramafic target, previously unknown to the company.
Katoro said the results would be used to inform its further exploration programme in 2019, including defining a maiden drilling programme.
At 1:47pm: (LON:KAT) Katoro Gold Mining Plc share price was +0.4p at 1.15p