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Kibaran Resources Limited: Metallurgical tests yield Ultra-high purity + 99.9% C (news with additional features) - Seite 3

Medium >106 microns >150 23.6
Small >75 microns >200 10.4
Fine < 75 microns < 200 15.8

Micron (µm) and Millimetre (mm). 1mm = 1000µm and carbon content
determined by loss of ignition method (LOI)

The sample provided was sourced from MHRT09, which returned 117m at 10.0%
total graphitic carbon ("TGC") (location: 9035106N, 904307E). The sample
was crushed to less than 1mm and then flotation tested. The average carbon
head grade was reported to be 13.6% Carbon. Large flakes of up to 3mm were
observed before crushing.

The Epanko deposit has attracted a binding offtake and sales partnership
agreement, which was advanced with the support of a development bank with
the view for potential debt funding for the future development of the
deposit.

About Kibaran Resources Limited:

Kibaran Resources Limited (ASX: KNL or "Kibaran") is an exploration company
with highly prospective graphite and nickel projects located in Tanzania.

The Company's primary focus is on its 100%-owned Epanko deposit, located
within the Mahenge Graphite Project. Epanko currently has an Inferred
Mineral Resource Estimate of 14.9Mt, grading 10.5% TGC, for 1.56Mt of
contained graphite, defined in accordance with the JORC Code. This initial
estimate only covers 20% of the project area. Metallurgy has found Epanko
graphite to be large flake and expandable in nature.

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

Graphite is regarded as a critical material for future global industrial
growth, destined for industrial and technology applications including
nuclear reactors, lithium-ion battery manufacturing and a source of
graphene.

In addition, the Kagera Nickel Project remains underexplored and is located
along strike of the Kabanga nickel deposit, owned be Xstrata, which is
considered to be the largest undeveloped, high grade nickel sulphide
deposit in the world.

1 "This information was prepared and first disclosed under the JORC Code
2004. It has not been updated since to comply with the JORC Code 2012 on
the basis that the information has not materially changed since it was last
reported."

For further information, please contact:

Company Secretary
Robert Hodby
Kibaran Resources
P: + 61 8 6380 1003

Investor/Media Relations
Rebecca Lawson
M&C Partners
P: [phone]
E: [e-mail]


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 promulgated by the ASX from time to time.
Andrew Spinks is a director of Kibaran Resources Limited 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.


End of Corporate News

+++++
Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=AVQPTWNMTO
Document title: Metallurgical tests yield Ultra-high purity + 99.9% C

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