DGAP-News: Kibaran Resources Limited: EcoGraf Development Update

DGAP-News: Kibaran Resources Limited / Key word(s): Miscellaneous

Kibaran Resources Limited: EcoGraf Development Update (news with additional features)

16.08.2019 / 14:00

The issuer is solely responsible for the content of this announcement.

16. August 2019  

ASX Announcement

EcoGraf Development Update

Pre-Development work underway for Kwinana facility in Western Australia

Kibaran Resources Limited ("Kibaran" or the "Company") (ASX: KNL), is pleased to provide an update for the proposed battery graphite production facility in the Kwinana Industrial Area ("KIA") of Western Australia located 30km south of Perth.

The Company is advancing the pre-development activities in response to the engineering study's positive findings for the proposed Kwinana development (refer announcement dated 11 June 2019).

The plant has a forecast up-front capital cost of US$22.8 million for an initial 5,000tpa, followed by a further US$49.2 million to expand production to 20,000tpa of battery-grade graphite. Pre-tax net present value is US$141m, generating an internal rate of return of 36.6 per cent and EBITDA of US$35m.
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