Graphite play Kibaran Resources boosted by strong project funding interest and 55% NPV boost

Gavin Wendt

MineLife

Kibaran Resources (ASX: KNL) is one of our favourite graphite sector exposures. It has just received an independent valuation by CloudMiner that has calculated a pre-tax NPV of US$396m (A$515m) for its flagship Epanko project in Tanzania, up 55% on previous estimates. It has also received strong project funding interest. As a result, Kibaran’s share price has firmed solidly from a low of $0.13 during March to a closing price today of $0.24 - up 85%. The next key share price catalyst is the completion of the Epanko project Bankable Feasibility Study, due by the end of June 2015.


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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