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Kibaran Resources Ltd. (ASX:KNL) announced the completion of an upgraded scoping study for its Tanzania-based Epanko graphite deposit. The results give the company enough confidence to immediately advance to a feasibility study.
Kibaran Resources Ltd. (ASX:KNL) announced the completion of an upgraded scoping study for its Tanzania-based Epanko graphite deposit. The results give the company enough confidence to immediately advance to a feasibility study.
Study highlights include:
- Indicates Epanko as an economically robust graphite deposit capable of producing premium quality large flake graphite which has no limitations to its industrial use
- Net Present Value (NPV) of $213mÂ
- Capital payback period of 2.5 years
- Extremely low strip ratio (W:O) with first 15 years 1.3 to 1 and LOM of 2.2 to 1
- Substantial Mine life of 27 years
The study confirmed:
- Confidence to advance immediately to a Feasibility Study based on production of 40ktpa
- Ability to increase production as market demand increases
Click here to read the full Kibaran Resources Ltd. (ASX:KNL) press release.
Click here to read recent interview with Andrew Spinks, executive director at Kibaran.