Graphite play Kibaran Resources (ASX: KNL) rose by 6c (or 85%) on Monday to a close of $0.13 on the back of a major off-take deal

Gavin Wendt

MineLife

Graphite play Kibaran Resources (ASX: KNL) rose by 6c (or 85%) on Monday to a close of $0.13 on the back of a major off-take deal. The company has announced the signing of a binding off-take agreement with a major European Graphite Trader (EGT) for the purchase of 10,000 tonnes of graphite concentrate each year for an initial period of five years, with an option for a further five.


Gavin Wendt
Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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