The findings have enhanced the robustness and attractiveness of the coal mining operation.
Kibo Mining CEO Louis Coetzee said: "We are delighted to receive this, the first of three crucial reports which will tangibly demonstrate to the market the value of the company’s assets.
"We have held firm to our belief that the RCPP is a unique and highly valuable asset."
The company is also carrying out a power pre-feasibility study for the RCPP mine mouth power station.
This report is on track and is expected to be unveiled soon, Kibo said.
An initial financial modelling at the Rukwa coal mine in October has indicated that the capital expenditure of the project will be well below initial estimates and highlighted that the continuous surface mining technology could reduce mining costs.
