KIBARAN resources limited
AWESOME
https://trading.nab.com.au/ComNews/20120724/01315941.pdf
ASX ANNOUNCEMENT24 JULY 2012
COMPLETION OF TRANSACTION AND INTERIM METALLURGICAL RESULTS FROM GRAPHITE PROJECTS
HIGHLIGHTS
?Completion of acquisition of Tanzgraphite Pty Ltd (“Tanzgraphite”)
?Significant mineralisation determined from interim metallurgical results
?High head grade results of 17.1% Total Graphitic Carbon (“TGC”) and 14.6% TGC
? Identified presence of coarse graphite flakes, a desirable attribute of commercial importance
?Further exploration work continues with RC drilling programme underway
Kibaran Resources Limited (ASX:KNL) is pleased to announce the completion of the acquisition of the Tanzgraphite and interim results of its metallurgical testwork from samples taken from its prospective graphite projects in Tanzania.
METALLURGICAL TESTWORK DEMONSTRATES SIGNIFICANT MINERALISATION
Metallurgical samples taken from the Ndololo prospect (Sample MHP_MT_001) and Arusha graphite project (Sample AMP_MT_001) have returned the following high head grade results.
ProjectSample
Total Graphitic Carbon (%)
Ndololo Prospect, Mahenge Project
AMP_MT_00117.1
Merelani-Arusha ProjectMHP_MT_00114.6
Sizing analysis shows the highest total graphite carbon grade is in the 0.5mm (+500 micron) fraction, indicating the presence of coarse graphite flakes for both the Ndololo and Merelani-Arusha project.
MHP_MT_001AMP_MT_001
Screen SizeGradeDistributionGradeDistribution (% TGC)(% TGC)(% TGC)(% TGC)
+4mm6.90.37.40.3
-4mm to +2mm12.023.014.531.8
-2mm to + 1mm16.020.816.219.8
-1mm to +500µm24.724.523.521.5
-500µm to +250µm24.118.621.015.0
-250µm to +125µm13.77.013.96.8
-125µm10.35.87.64.8
Notes: Micron (µm) and Millimetre (mm). 1mm = 1000µm
Page 1Figure: Sizing analysis for Ndololo and Merelani-Arusha project.
Theinterimresultsfromthese metallurgical samples corroborate the historical reported analysis (9 May 2012 announcement)whereconclusions from the testwork stated that the sample carries sufficient graphite for commercial exploitation and crucible-
grade flake can be extracted. The
30.0
historic results reported 15.5% Carbon and 97.5% recovery of flake graphite.
25.0
The head grade analysis also shows that
20.0
MHP_MT_001 AMP_MT_001
a significant amount of vanadium is also Gradepresent.
( %TGC) 15.0
10.0
5.
The presence of vanadium is in line with
0.0
Sample
V2O5 (%)
AMP_MT_001
0.12
0
MHP_MT_001
0.11
other graphite occurrences in East Africa. Further analysis and testwork will be carried out
-4mm to +2mm-2mm to + 1mm-1mm to-500µm to-250µm to to determine its mineralogy.+500µm+250µm+125µm
Screen Size
Flotation testwork will follow once the liberation size is determined.Optical mineralogy is being used to determine liberation size and is currently being undertaken. The mineralogy and flotation results will determine the ability to produce a clean concentrate.
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Kibaran Resources Chairman, Simon O’Loughlin said, “These solid results from preliminary metallurgical testwork is very encouraging.”
“The presence of these relatively high grade results as well as evidence of coarse graphite flakes indicates the strong prospectivity and commercial potential of our graphite projects,” Mr O’Loughlin said.
Further metallurgical testwork is currently underway at SGS’s analytical facility in Johannesburg, South Africa.
EXPLORATORY DRILLING PROGRAMME UNDERWAY
As previously announced, Kibaran Resources has commenced a programme of Reverse Circulation (“RC”) drilling which is currently underway. The RC drilling programme is expected to take 25 – 30 days with the results of this exploration programme to follow once complete.
ABOUT KIBARAN RESOURCES LIMITED
Kibaran Resources Limited (ASX:KNL) is an ASX-listed exploration company with highly prospective graphite and nickel projects located in Tanzania.
The Company recently acquired the rights to the Mahenge and Merelani- Arusha Projects which are considered tobehighlyprospectivefor commercial graphite.
Graphite is regarded as a critical material for future global industrial growth, destined for industrial and technologyapplicationsincluding nuclear reactors, lithium-ion battery manufacturing and a source of graphene.
In addition, the Kagera Nickel Project remains underexplored and is among the largest undeveloped, high grade nickel sulphide deposits in the world.
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For further information please contact:
Media & Investor Relations
David Greer Mercury Consulting Telephone: +61 2 8256 3307 Email: david.greer@mercuryconsulting.com.au
Company Secretary
Andrew Bursill Telephone: + 61 2 9299 9690
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled
by Mr Andrew Spinks, who is a Member of The Australasian Institute of Mining and Metallurgy included in a list promulgates by the ASX
from time to time. Andrew Spinks is a consultant of Tanzgraphite Pty Ltd and has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as
defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”.
Andrew Spinks consents to the inclusion in the report of the matters based on his information in the form and context in which it
appears.
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