Tanzanian mining firm prepares for battery grade graphite production

Kibaran Resources has completed a Scoping Study for a battery grade manufacturing facility that highlights robust economics and a compelling development case in Tanzania.

This follows the company completing in July a Bankable Feasibility Study confirming the viability of a conventional open cut mine and conventional flotation processing plant at the Epanko Project.

Key results from the battery grade graphite scoping study include Capex of US$35 million, pre-tax NPV of US$115 million, IRR of 51% and payback of 1.9 years.

Manufacturing of battery grade spherical graphite is scheduled to commence 12 to 18 months into Stage 1 Epanko Graphite Project expanded production.

Stage 1 production is expected to commence at 15,000 tonnes per annum, increasing to 50,000tpa over 3 stages, producing spherical, expanded and other purified graphite products.

This staged expansion expected to be supported by project cashflow. The Battery Grade Graphite Scoping Study grants Kibaran Resources the certainty to position itself to become part of the global graphite supply chain.

Check Also

Gemfields finalises $65 million debt financing facilities to fund expansions

Aim-listed Gemfields has announced the finalisation of four debt financing facilities after considering a number …