Kibaran Resources commissions Epanko Scoping Study

THE BOURSE WHISPERER: Kibaran Resources (ASX: KNL) has commissioned a Scoping Study for the company’s 100 per cent-owned Epanko graphite prospect, located in Tanzania.

The study is to be conducted by Perth-based group, Intermine Engineering Consultants.

 

Source: Company announcement

 

Kibaran said the Scoping Study will assess the viability of a commercial mining operation at the Epanko prospect.

“Various throughput tonnages will be assessed and the study will utilise the inputs obtained from recent metallurgical test work activity and indicative pricing that the company believes it can achieve for its large size fractions,” Kibaran Resources said in its ASX announcement.

The study is to be based on an initial Inferred JORC-compliant Resource Estimate of 14.9 million tonnes at 10.5 per cent total graphitic carbon (TGC), for 1.56 million tonnes of contained graphite that was announced in May.
 
Kibaran anticipates the study will be completed towards the end of July.

The study follows favourable independent metallurgical test work results achieved by a large European graphite trader that is currently investigating new sources of graphite suitable for the ‘expanded graphite’ market.

“The test work confirmed that the graphite is amenable to standard metallurgical recovery processes and could help meet the current supply shortfall the European trader is currently experiencing,” Kibaran said.

The company explained expanded graphite requiring premium natural flake graphite is used to produce graphite foils, an inert sealing material used in high-temperature or high-pressure applications such as high-temperature gaskets, bipolar plates in fuel cells and computer heat sinks.

Expanded graphite is also sought after by the battery market, which is considered one of the key drivers for future demand.

Kibaran expects to deliver further news in the near-term, including additional metallurgical test work results and further information regarding potential partnership or off-take discussions with the large European graphite trader, which conducted the metallurgical test work mentioned above.