Kibaran Resources Ltd (ASX:KNL) is developing the Epanko Graphite Project with its advanced Epanko deposit and nickel exploration project in Tanzania, East Africa.
Kibaran Resources (ASX:KNL) is focused on its world-class Epanko graphite assets, located in Tanzania.
The company has received in-principle debt financing support by a German Government Loan Guarantee (UFK) up to US$40 million.
A Bankable Feasibility Study outlined a Pre-tax NPV of US$197.5 million.
Longterm strategic offtake and sales agreements are in place, including ThyssenKrupp for 20,000tpa, European trader for 10,000tpa and Sojitz Corporation.
Kibaran is now heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.
The halt will remain in place until the opening of trade on Monday 22nd February 2016, or earlier if an announcement is made to the market.
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