Kibaran Managing Director Andrew Spinks commented: “This...

Kibaran Managing Director Andrew Spinks commented:
“This detailed updated feasibility study shows that Epanko is a world-class graphite project in every respect. The outstanding quality of the deposit underpins the project’s extremely robust economics, demonstrated by the strong alliance the project has managed to secure with a range of German industrial groups. Passing this milestone was the key catalyst to advance debt financing and allows Kibaran and its sales partners, industry groups and private equity groups that have previously expressed interest, to commence project financing discussions in detail.

The support of such partners has facilitated the increase in production to 60ktpa and underpins the commercial development of the downstream processing facility. This places Kibaran in the ideal position for the enormous growth forecast for graphite demand, on the back of the increased electrical vehicle and renewable energy battery boom. The downstream processing plant is expected to provide the Company with another source of substantial cash flow generation by supplying our products to lithium battery manufacturers.”