graphite with ‘expanded’ properties. Epanko currently has the highest grade Inferred JORC-compliant Mineral Resource Estimate (for graphite) yet to be delineated in Tanzania – 14.9Mt at 10.5% TGC, for 1.56Mt contained graphite. Work is now focused on progressing Epanko towards development.

Kibaran also has rights to the Merelani-Arusha Graphite Project, located in the north-east of Tanzania. Merelani-Arusha is considered to be highly prospective for new discoveries of graphite mineralisation.

Graphite is a modern industrial mineral, widely regarded as a major global growth commodity for the 21st century. Underpinned by a growing number of applications in technology and industry, the global demand for natural graphite is expected to double within the next eight years.

With these two highly prospective graphite projects in the mining-friendly country of Tanzania, Kibaran is in a strong position to become a significant producer of commercial graphite and thereby capitalise on the growing global demand.

Although of secondary focus, Kibaran also has interest in Nickel Sulphide exploration. The Company has full rights to the Kagera Nickel Project in Tanzania – an underexplored nickel play, located along strike of the world-class, Xstrata-owned Kabanga nickel deposit.