Kibaran Resources: Update on Epanko Graphite Project and Pilot Plant Strategy

Kibaran Resources Limited (“Kibaran” or the “Company”) (ASX: KNL) is pleased to provide a comprehensive update on the progress being achieved from the significant activity currently being undertaken on all aspects of its Epanko Graphite Project in Tanzania and an outline of the important developments in the global graphite market.

As quoted in the press release:

• Demand for quality graphite is strong and accelerating on the back of lithium-ion battery use in electric vehicles

• Epanko is now widely-recognised as a quality graphite project which is ready for immediate development. The project has been subjected to rigorous, independent due diligence by bankappointed engineers, it is robust with strong economics, conservative design, costings and pricing

• Product qualification is critical to sales given each end-user has its own unique product requirements. Epanko graphite has completed this qualification process which culminated in securing the sales and offtake agreements

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