Kibaran Reports Results of Battery-grade Graphite Scoping Study

Kibaran Resources Ltd. (ASX:KNL) announced the results of a battery-grade graphite scoping study. The company plans to start manufacturing battery-grade spherical graphite 12 to 18 months into Stage 1 expanded production at its Epanko graphite project.
Highlights of the study include:

• Exponential growth in graphite demand forecasted over the next 5 years from Electric Vehicle (EV) and Battery Storage industries
• Key Study Results o Pre-tax NPV10 of US$115m o Pre-tax IRR of 51% o Capital Expenditure of US$35m o Annual pre-tax cashflow of US$18mpa based on Stage 1 o Payback 1.9 years
• Stage 1 production to commence at 15,000tpa, increasing to 50,000tpa over 3 stages, producing Spherical, Expanded and other purified graphite products
• Testwork confirmed Epanko Graphite is of superior quality and exceptionally well suited for the production of Spherical Graphite and other purified graphite products
• Staged expansion expected to be supported by project cashflow
• Discussions commenced with strategic industry partners to jointly fund the feasibility study and ultimately capex through direct investment into the project
• TanzGraphite Technologies Pty Ltd incorporated to host ownership

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