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Kibaran raises A$11 million

Kibaran Resources plans to start “key development preparations” and initiate expansion studies for its Epanko graphite project in Tanzania after raising A$10.9 million (US$8.4 million) through a “significantly oversubscribed” placement.

Chris Cann
Kibaran will put its foot down at its Epanko development in Tanzania having secured almost A$11 million to progress

Kibaran will put its foot down at its Epanko development in Tanzania having secured almost A$11 million to progress

The cash is destined for “pre-development” at Epanko and to fund investigations into the potential for an increase in production from the planned 40,000 tonnes a year of graphite concentrate to 60,000tpa. ...

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