ASX-listed Kibaran Resources
Ltd has upgraded the mineral resource estimate at its
Epanko graphite project
in Tanzania, with 62% of the resource now classified and
measured and indicated.
This amounts to 14.5m tonnes grading at
9.8% C, for 1.4m tonnes contained graphite, of which 46%, or
6.6m tonnes, is classified as measured at a grade of 9.7% C. A
further 8.8m tonnes grading at 8.7% C remains in the inferred
category, taking the total resource estimate to 23.3m tonnes
"The mineral resource supports the
previously announced expanded production scenario, which would
involve producing 100,000 tpa of concentrate over 20 years with
no further exploration required," Kibaran said in a press
The company plans to use the upgraded
resource estimate as the basis for its bankable feasibility
study (BFS) on Epanko, which Kibaran said is nearing
Also in Tanzania, Walkabout Resources
Ltd has released the results of metallurgical testwork
on three graphite samples taken from its Lindi graphite
project, according to media reports.
reportedly confirmed that tests showed that up to 65.7% by mass
of the material in the samples was in the jumbo and large flake
size categories, with around a 95% recovery rate recorded
across all the samples.
The company expects that single stage
cleaner flotation may be sufficient to produce a high quality
end product from Lindi ore.
Over the border in Mozambique, fellow
Resources Ltd has confirmed the potential existence of
large flake graphite on its Balama graphite project in the
north of the country.
The company recently received the results
of laboratory tests on samples collected during a field
reconnaissance programme completed at the site in October 2014,
which it said confirmed strong conductors and graphite grades
of up to 13.5% C from grab samples.
Scout drilling samples returned grades of
up to 17% C, meanwhile. The company is planning an
electromagnetic survey over the course of June and July this
year, followed by a full season drilling programme in
In the US, Graphite One Resources
Inc. has executed a purchase and sale agreement with
Ronald Sheardown for 28 mining claims covering its Graphite
Creek property in the state of Alaska.
The TSX-V listed explorer said that the
claims cover the same lands as those acquired by its
subsidiary, Graphite One (Alaska) Inc. (G1 Alaska), in January
2012. Consequently, the Graphite Creek property now consists of
56 acquired state claims, 77 staked claims ad 24 leased
According to a statement from Graphite
One, the company has agreed to pay Sheardown $50,000 upon
completion of its next financing that raises a minimum of
$500,000. It will also issue Sheardown with 3m common shares in
the company at an issue price of Canadian dollar (C$)
Graphite One will further pay Sheardown a
royalty interest equal to 1% of the net smelter returns
received by G1 Alaska, subject to the company’s
option to purchase the royalty for $50,000 and agree to retain
Sheardown as an advisor and grant him stock options to purchase
1m common shares in the company at an exercise price of
In Sweden, ASX-listed Talga Resources
Ltd has released drilling results from eight holes at
its Jalkunen graphite project, indicating wide and high grade
Talga said that many of the best
intersections are at shallow depth and have returned grades of
up to 31.8% C.
The company now plans to complete a maiden
resource for Jalkunen, which is its second priority property
after the Vittangi graphite project, also located in
Finally, in Canada, Saint Jean Carbon
Inc. has applied to the TSX-Venture Exchange for
acceptance to settle C$141,674 of debt owed to various
arm’s length consultants for geological expenses
by issuing around 2.83m commons shares in the company at a
deemed price of C$0.05/share.
The debt shares to be issued are in
reliance on certain prospectus and registration exemptions
available under applicable securities legislation and are
subject to a hold period of four months and one day.
*Conversion made June