DGAP-News

Kibaran Resources Limited: Feasibility Study Metallurgical Results

DGAP-News: Kibaran Resources Limited / Key word(s): Study
Kibaran Resources Limited: Feasibility Study Metallurgical Results

15.06.2015 / 09:30

---------------------------------------------------------------------

ASX ANNOUNCEMENT 15 June 2015

Feasibility Study Metallurgical Results

- Bankable Feasibility Study testwork delivers significant metallurgical
improvements over test results determined in scoping study, via simple
flotation

- Very high proportion of large flake graphite with 85.7% of the flake
distribution greater than + 106 micron

- Exceptional final average carbon concentrates of 96.3%

Kibaran Resources Limited (ASX: KNL), ('Kibaran' or the 'Company') is
pleased to provide the final flotation results from the current Bankable
Feasibility Study (BFS) testwork program. The results are the culmination
of all metallurgical testwork undertaken as part of the BFS and form the
basis for the final Epanko process plant design and flowsheet.

The BFS testwork results are a significant improvement on the scoping study
testwork and have resulted in an increase in the revenue basket price to
US$1,301 (A$1,711), based on the graphite market prices for each size
fraction used in the Company's scoping study.

There are now significant and measurable differences in the quality of
Epanko graphite over other graphite projects, including existing production
from China, which gives Epanko a competitive advantage.

The average carbon concentrates reported is 96.3% TGC and is a marked
increase from the 93.0% TGC reported previously. Final graphite
concentrate size analysis on a percent retained basis is shown in Table 1.

Table 1 - Epanko BFS Flotation Results

FLAKE SIZE DISTRIBUTION
Name      Microns (µm)    Mesh Size    Portion Retained (%)    Carbon (%)
Jumbo     >300            >48          20.0                    97.1
Large     >180            >80          35.4                    96.7
Medium    > 106           >150         30.3                    96.2
Small     > 75            >200         7.4                     95.3
Fine      < 75            < 200         6.9                     92.6
                                       100%                    96.3

Micron (µm) and Millimetre (mm). 1mm = 1000µm and fixed carbon content
determined by Loss on Ignition method (LOI)