Exploration - East Africa - Kibaran’s BFS pass the test

The bankable feasibility study (BFS) and associated environmental and social planning for Kibaran Resources’ Epanko Graphite Project in Tanzania has been completed and updated.

Location: Tanzania
Resource: Graphite

The BFS, which incorporates conservative design parameters, has been subjected to rigorous due diligence by bank appointed independent engineers SRK Consulting (UK), who confirmed all is in order.

The BFS has demonstrated a highly robust business case for a 60 kilotonne per annum (ktpa) operation at Epanko. It has also substantially enhanced and de-risked the project’s development. According to Andrew Spinks, managing director of Epanko, the company discussions are progressing with both existing and new blue-chip German industry partners for the sale of additional products.

“These arrangements will support the downstream processing of Epanko graphite to produce spherical graphite products for the high-growth battery market, which has the potential to provide significant additional value and increase margin capture. A separate feasibility study on the production of battery grade spherical graphite and value add graphite products is currently being finalised and is expected to be released in quarter three of 2017,” says Spinks.

Click below to read the September/October 2017 issue of African Mining

AM SeptOct2017

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