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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 $213m 
  • 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.

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