Kibaran score strong graphite hit at Mahenge

THE DRILL SERGEANT: Kibaran Resources has reported a further big graphite hit at the company’s Mahenge graphite project.

Reverse circulation (RC) drilling being conducted on the Ndololo prospect has intersected 168 metres of graphite mineralisation from a single RC drill hole.
 
The drill hole is 250 metres along strike of the hole Kibaran reported last week, which intersected 144 metres of graphite mineralisation.

The latest result comes from the fifth RC hole the company has drilled at Ndololo prospect, all of which have intersected graphite.

 

RC Intersections at Mahenge graphite project. Source: Company announcement

 

“To consistently encounter significant intersections of graphite at our key Tanzanian project is a great result for the company” Kibaran Resources chairman Simon O’Loughlin said in the company’s announcement to the Australian Securities Exchange.

The company said the two most recent holes have demonstrated the potential width and size of graphite mineralisation, especially as they follow up the previous intersections encountered in the previous three holes, which ended in mineralisation.

The holes have intersected graphite schist over consistent widths and along strike.

Kibaran has had initial geological interpretation of the geometry that has shown the graphite mineralisation it has intersected so far shows reveals drill hole intercept widths are close to true widths.

The company recently acquired the rights to the Mahenge and Merelani-Arusha projects, which it considered, correctly as it would seem, to be highly prospective for commercial graphite.

Graphite is regarded as a critical material for future global industrial growth, destined for industrial and technology applications including nuclear reactors, lithium-ion battery manufacturing and a source of graphene.