Kibaran Returns “Best Graphite Intersections to Date” from Epanko

Kibaran Resources Ltd. (ASX:KNL) announced that the latest assay results from a reverse-circulation drill program taking place at its Epanko deposit have “returned the best graphite intersections to date.” Epanko is located within the company’s Tanzania-based Mahenge project.

As quoted in the press release:

All drill holes intersected high-grade, premium large flake graphite mineralisation, with the majority encountering graphite mineralisation from surface to the end of hole. The Epanko graphite mineralisation still remains open at depth and in all directions.

Work is well underway to upgrade the existing JORC Inferred Mineral Resource [14.9Mt at 10.5% Total Graphitic Carbon (TGC) for 1,560,000t of contained graphite], to an Indicated/Measured category, with a substantial increase likely. The resource estimation work is running in parallel to ongoing development studies and Kibaran is now fast tracking this work to a development decision.

Standout reverse-circulation drill results include:

• 43m at 8.6% TGC from 3m (MHRC040), including;
  • 13m at 10.0% TGC
• 17m at 9.1% TGC from 4m (MHRC042)
• 39m at 11.3% TGC from 2m (MHRC048), including;
  • 12m at 14.5% TGC
  • 6m at 15.5% TGC
• 40m at 9.2% TGC from 8m (MHRC050), including;
  • 13m at 11.4% TGC
• 22m at 13.4% TGC from 14m (MHRC052), including;
  • 7m at 20.1% TGC

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