Kibaran Completes Upgraded Scoping Study for Epanko Deposit

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.