Kibaran hits further strong results at Mahenge

THE DRILL SERGEANT: Kibaran Resources (ASX: KNL) has received the second group of assay results from a recent RC drill program conducted at the Epanko deposit within the companies Mahenge graphite project in Tanzania.

“The consistency of the latest results continues to confirm a significant portion of graphite mineralisation is at surface, with mineralisation remaining open in all directions,” Kibaran said in its ASX announcement.

The latest results include:

MHRC037
34 metres at 8.2 per cent total graphitic carbon (TGC) from surface, including 21m at 9.6 per cent TGC;

MHRC039
96m at 6.2 per cent TGC from surface, including 18m at 10.4 per cent TGC and 32m at 7.2 per cent TGC; and

MHRC039

41m at 7.8 per cent TGC from surface, including 7m at 10.4 per cent TGC, 4m at 9.8 per cent TGC, and 9m at 8.4 per cent TGC.

 

Location plan of the Epanko deposit with latest drill results. Source: Company announcement

 

Kibaran explained the RC drill program focussed on shallow, highly-weathered soft graphite mineralisation, as the liberation and preservation of large and jumbo flake size is paramount to the company being able to maximise sales revenue.

There are still results for the remaining 29 RC drill holes to come, which the company expects to release in the next few weeks.

Kibaran said the main aim of the drilling program is to upgrade the near surface portion of the project’s existing JORC Inferred Mineral Resource of 14.9 million tonnes at 10.5 per cent TGC for 1.56 million tonnes of contained graphite to a JORC Indicated/Measured Resource category.

“Work is now underway and completion is expected mid-July,” Kibaran said.

“Subject to this upgrade, the Epanko Economic Scoping Study will then be released.”

Email: info@kibaranresources.com

Website: www.kibaranresources.com.au