Kibaran Resources (ASX: KNL) Kibaran Resources is another Africa-focused graphite explorer, which is advancing its Epanko graphite project in Tanzania.
Epanko has a current mineral resource of 30.7mt grading 9.9% TGC.
A bankable feasibility study into the project has indicated 60,000tpa production with annual earnings before interest tax depreciation and amortization (EBITDA) of US$44.5 million over 18 years.
Kibaran is also exploring adding value with downstream processing to produce spherical graphite, fine, unpurified and purified products using its own “green” method.
The downstream processing study revealed a 20,000tpa operation of spherical graphite with EBITDA of US$31.5 million.
To bring the project online, Kibaran is in debt discussions with multiple lenders.
Funding documents have been finished and the company is awaiting the new Tanzanian regulatory framework which is imminent to finalise arrangements. Kibaran claims it has reviewed the proposed regulations and that they do not impede development of the project.
Kibaran is also negotiating potential offtake agreements and liaising with potential investors.
KNL Price at posting:
14.0¢ Sentiment: Buy Disclosure: Not Held
