Kibaran Announces Best Results Yet from Epanko Deposit

Kibaran Resources Ltd. (ASX:KNL) announced the latest results from the reverse-circulation drill program taking place at the Epanko deposit at its Tanzania-based Mahenge graphite project. They are the best graphite intersections there to date.

As quoted in the press release:

All drill holes intersected high-grade, premium large flake graphite mineralisation, with the majority encountering graphite mineralisation from surface to the end of hole. The latest results complement earlier assays that delivered significant intersections and high-grade graphite with intersected grades as high as 20.1% Total Graphitic Carbon (TGC).

Drill highlights include:

• 28m at 13.8% TGC from 14m (MHRC052), including;
  • 18m at 17.0% TGC
  • 7m at 20.1% TGC
•  22m at 12.3% TGC from 12m (MHRC053), including
  • 12m at 15.5% TGC
• 40m at 7.6% TGC from 0m (MHRC057), including;
• 40m at 7.1% TGC from 8m (MHRC058).

Andrew Spinks, managing director at Kibaran, said:

These latest results continue to confirm the premium quality of Epanko graphite and position Kibaran positively in terms of what graphite traders outside of China consider fundamental prerequisites for commercially viable mining operations; large flake size distribution, +99.9% purity, expandable large flake properties and one or more binding off-take agreements.

The Company looks forward to delivering the resource upgrade in the very near future and the subsequent release of the updated Epanko Scoping Study.

Click here to read the full Kibaran Resources Ltd. (ASX:KNL) press release.