One of our preferred graphite sector exposures, Kibaran Resoures, up 37% this morning after releasing outstanding drill results
One of our preferred graphite sector exposures, Kibaran Resoures, up 37% this morning after releasing outstanding drill results. The latest RC drilling results from its Epanko deposit in Tanzania have returned the best graphite intersections to date. All drill holes intersected high-grade, premium large flake graphite mineralisation, with the majority encountering graphite mineralisation from surface to the end of hole. The Epanko graphite mineralisation still remains open at depth and in all directions. Work is well underway to upgrade the existing JORC Inferred Mineral Resource [14.9Mt at 10.5% Total Graphitic Carbon (TGC) for 1.56Mt of contained graphite], to an Indicated/Measured category, with a substantial increase likely. The resource estimation work is running in parallel to ongoing development studies and Kibaran is now fast tracking this work to a development decision.
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).