Kibaran Resources Secures International Patent for EcoGraf Purification

Kibaran Resources Limited (ASX: KNL), located in Perth, Australia, is a metal mining company. It is engaged in the exploration and mining of graphite from Tanzania, East Africa. The key focus of the company is on its Epanko Deposit which is completely owned by KNL.

Today, the company has announced its major step in becoming a global supplier of eco-friendly graphite products. It has successfully secured an international patent for the optimized EcoGraf purification process flowsheet.

On 5 December 2017, the company announced the results obtained from the feasibility study conducted over the graphite processing from its Epanko Graphite Project. KNL purification technology resulted in a low-cost and environmentally friendly production of battery-grade graphite. Further, in order to meet the growing demand for premium battery graphite in Europe and Asia, the company had planned to establish a pilot plant in Germany.

Major technical and commercial advantages are visible by the EcoGraf, which confirms the product’s suitability for the lithium-ion battery and advanced carbon product applications in Asia and Europe. EcoGraf is attracting growing interest with the increasing focus on ensuring responsibly and sustainably sourced battery mineral supply by the automobile and battery manufacturers. It is expected to commence the operations in 2019.

As per the 2 October 2018 announcement, KNL has engaged with the Australian Taxation Office (ATO) and AusIndustry. A detailed report stating eligible expenditures incurred on experimental activity during FY17 has been provided to the ATO.

On 11 December 2018, the Australian Government launched a report titled “The LithiumIon Battery Value Chain – New Economy Opportunities for Australia” in which AusTrade and others filed a case for the public and private sectors to seize the opportunities emerging in new energy technologies and focus more on Australia’s mining, processing and manufacturing expertise to capture an increased share of the international Battery Value Chain. To embrace this objective, KNL has extended its research and development programs by collaborating with Australia’s Future Battery Industries Cooperative Research Centre.

Other than this, KNL has submitted its more recent 2018 Overseas Advance Finding with AusIndustry for advance approval of research and development activities to be done till FY20 and will also be finalizing its refund claim for the FY18 research and development expenses incurred.

Bloomberg New Energy Finance reported that the exceeding battery investment growth is now projected to soar 200 times over its current size and will reach over 900 Gigawatts by 2040. This would be requiring an investment of approximately US$620 billion. This investment growth underpins industry forecasts that battery graphite demand will increase 700% by 2025 to over 800,000 tonnes per annum

KNL was recently quarterly activities updates for the quarter ended September 2018. The update involved Tanzanian Government to renew Mining License, progress on Epanko regulatory arrangements to facilitate debt financing, completion of optimization study in Germany using EcoGraf purification process, reduction in consumable usage and processing time, agreement for long-term supply of standard grade graphite, and European product qualification program attracting significant interest with several groups about collaboration on EcoGraf business.

Over the past three months, the scrip price has dipped by almost 31%, and currently. With the close of trading hours for today (18th December 2018), the shares are currently trading at 13 cents with a 4% increase as compared to the previous close.


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