Whilst lithium has dominated speculative attention over recent times, let's not lose sight of graphite. Kibaran Resources (ASX: KNL) is modestly valued compared with its more expensive graphite sector peers. It's a stock that I believe is long on value and short on hype. Kibaran's board has also consistently demonstrated a highly-commercial attitude to advancing its Tanzanian graphite projects, choosing to align itself with high-quality partners and maintaining a conservative approach to company promotion and project timelines. This hasn't gone entirely unnoticed by the market, with its share price doubling over the past month. Recent catalysts include completion of independent engineering due diligence by SRK on behalf of prospective financier, Germany’s KfW IPEX-Bank. Kibaran is the first ASX-listed company to undergo banker’s due diligence for a graphite project in Africa.