KfW IPEX-Bank Mandated for Epanko DebtFundingPositive Tanzanian...

KfW IPEX-Bank Mandated for Epanko DebtFundingPositive Tanzanian Investment Outlook Enables Restart of Senior DebtFinancing Following 18 Months of Government DiscussionsKibaran Resources Limited (ASX:KNL) is pleased to report that it has signed a new agreementwith German KfW IPEX-Bank for debt funding of the Epanko Graphite Project.
The agreement reappoints KfW IPEX-Bank to arrange senior debt funding for the Epanko GraphiteProject in Tanzania (“Epanko” or the “Project”) after a hiatus of 18 months, during which manydiscussions have been held with the Tanzanian Ministry of Minerals, Mining Commission and theBank of Tanzania concerning the regulatory changes introduced in July 2017 that have impacted onmineral project debt financings in the country, and is a reflection of the improved investment outlookin Tanzania.
As recently reported (refer ASX announcement Tanzania and Germany to Forge Closer EconomicRelationship on 26 March 2019) the mining investment climate in Tanzania continues to improveand there is increasing confidence among international banks that the remaining regulatory aspectsimpeding new mine financing arrangements will be satisfactorily resolved.
Epanko is development ready with the Company having invested over $35 million to date in order toprepare the Project for construction and operation, including:
• Completion of a bankable feasibility study;
• Exhaustive due diligence by KfW IPEX-Bank appointed Independent Technical Engineers SRKConsulting on all technical and financial aspects of the Project as well as social, environmentaland safety aspects to IFC Performance Standards and World Bank Group Environmental, Healthand Safety Guidelines;
• Sales and offtake agreements for graphite production in Germany with ThyssenKrupp and EGTand in Asia with Japanese group Sojitz Corporation; and
• Mining Licence and environmental approvals in place.KfW IPEX-Bank and Kibaran will now proceed to complete lender credit review processes andprepare the application for the German Government Untied Loan Guarantee scheme through EulerHermes AG that supports the proposed senior debt funding package for Epanko.
2The Project is forecast to make a substantial positive impact on the Tanzanian economy, with keybenefits that include:
• US$850 million in direct financial contributions over the first 20 years of operation throughprocurement, employment, royalties, taxes, fees and dividends, generating an estimatedadditional US$2.5 billion in indirect GDP within Tanzania;
• Direct employment of approximately 300 Tanzanians (over 95% of all staff), creating anestimated 4,500 indirect jobs through the supply of local goods and services; and
• Construction of new community housing, school facilities, Church and medical dispensarytogether with the provision of social supports such as health insurance and training programs tobuild lasting local partnerships.
Positive discussions with the Tanzanian Government are continuing and following the recent BarrickGold Corporation announcement foreshadowing a resolution to the Acacia Mining dispute allstakeholders recognise the importance of moving quickly forward to encourage new mineralinvestment in Tanzania.Kibaran’s Epanko Graphite Project will make a significant, inter-generational social and economicimpact within Tanzania. It supports Tanzania’s industrialisation goals by facilitating new carbonproduct industries in the country and builds on Germany’s efforts to develop closer industrial links with Taanzania

Yes!! almost there!
Upvote this announcement guys!