THE BOURSE WHISPERER: Kibaran Resources (ASX: KNL) has received the Environmental Impact Assessment Certificate for the company’s Epanko graphite project from the Vice President’s Office of Tanzania.
The company identified the certificate as a key pre-requisite for the application for a Mining Licence in the country.
The certificate is the first to be issued for a graphite project within Tanzania since the Graphtan graphite mine at Merelani was operating in the 1990s.
Kibaran indicated it was now in the final stages of preparing its Mining Licence application for submission to the Ministry of Energy and Minerals.
The granting of the Mining Licence is the remaining major milestone in terms of Government permitting for the project.
The company is planning to complete the Bankable Feasibility Study by the end of June this year and barring any unforeseen delays expects this will coincide with the granting of the Mining Licence.
“Obtaining the Environmental Certificate represents a significant milestone in terms of Government permitting for the Epanko graphite project and significantly de-risks project development,” Kibaran Resources executive director – projects Grant Pierce said in the company’s announcement to the Australian Securities Exchange.
“The Environmental and Social Impact Assessment process from its beginning to issuing of the Environmental Certificate involved consultative participation with stakeholders at all levels, including communities within the project’s catchment area, both Ulanga District and Morogoro Regional Government offices and other affected parties.”