PERTH (miningweekly.com) – Graphite developer Kibaran Resources has upgraded the mineral resource at its Epanko project, in Tanzania, with a significant portion of the previously indicated resource now classified as measured or indicated.
Kibaran reported on Thursday that following drilling, trenching and geotechnical activities in late 2014, the mineral resource at Epanko had been upgraded, resulting in 62% of the resource being estimated as measured and indicated, accounting for 14.5-million tonnes of the total 23.3-million-tonne resource.
The Epanko project was estimated to host about 635 800 t of contained graphite in the measured resource, 785 300 t in the indicated category and the remaining 773 500 t in the inferred category.
The Epanko project was currently the subject of a bankable feasibility study, which would be completed by the end of June. The results of the study would be made public in July.