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Maiden resource at Kibaran's Epanko prospect

22nd May 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Junior explorer Kibaran Resources has declared a maiden inferred Joint Ore Reserves Committee- (Jorc-) compliant resource of 14.9-million tons at its Epanko prospect, in Tanzania.

Grading 10.5% graphitic carbon, the project is estimated to host some 1.56-million tons of contained graphite.

The company said that the resource estimate ‘far exceeded’ internal expectations for the project, and directors believed that it was the highest-grade graphite resource yet to be delineated in Tanzania.

Furthermore, the mineral resource estimate represented only around 20% of the known Epanko project area, and Kibaran noted that as the mineralisation remained open in all directions, there was significant potential to further increase the resource base.

The ASX-listed junior said that the mineral resource estimate would now underpin a scoping study, which would assess the potential viability for the Epanko prospect.

Subject to the study outcome, an initial production of 20 000 t/y of high-grade flake graphite was forecast. However, production could be increased to support future demand.

Edited by Creamer Media Reporter

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