Kibaran encouraged by final Epanko results

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THE DRILL SERGEANT: Kibaran Resources (ASX: KNL) has received further encouragement from the final batch of assay results from recent Reverse Circulation (RC) drilling at the company’s Epanko deposit within the Mahenge graphite project in Tanzania.

The company reported all the latest drill holes have intersected high-grade, premium large flake graphite mineralisation, with the majority encountering graphite mineralisation from surface to the end of hole.

The latest results complement earlier assays that delivered impressive intersections and high-grade graphite with intersected grades as high as 20.1 per cent total graphitic carbon (TGC).

Kibaran said the drill program had doubled the strike length of Epanko graphite mineralisation to more than one kilometre, which it declared to demonstrate upside potential to the size of the deposit.

The company is now working towards an upgrade of the existing JORC Inferred Mineral Resource at Epanko (14.9 million tonnes at 10.5 per cent TGC for 1.56 million tonnes of contained graphite] to the Indicated/Measured category.

Highlights from the recent RC drill results include:

MHRC062
30 metres at 8.2 per cent TGC from 8m, including 8m at 12.2 per cent TGC;

MHRC063
54m at 8.6 per cent TGC from 9m, including 19m at 10.4 per cent TGC;

MHRC064

53m at 14 per cent TGC from 15m.

 

Source: Company announcement

 

“These final results have again met Kibaran’s expectations in respect of graphite quality,” Kibaran Resources executive director Andrew Spinks said in the company’s announcement to the Australian Securities Exchange.

“Importantly, they allow the geological modelling to be completed in terms of grade estimation and the subsequent delivery of the resource upgrade and scoping study.

“The company is now initiating a diamond drilling program for the purpose of providing larger scale samples for further metallurgical test work to further define the optimum processing flowsheet.

“Testwork will include comminution tests to determine work indexes for crushing and milling sizing and design as well as provide geomechanical information for pit design: the results of which will be ultimately used in the Epanko Feasibility Study.”

Email: info@kibaranresources.com

Website: www.kibaranresources.com