Kibaran Reports New Exploration Target At Merelani Prospect
News: ASX-listed Kibaran Resources has announced that independent consultants have identified 60-200mn tonnes of graphitic schist exploration target at its Merelani prospect in Tanzania. Independent geological group CSA Global has estimated a grading of 9-12% graphitic carbon for the target. A 2000 metre reverse circulation drilling will test the validity of the target. The Merelani prospect is 15kms from Richland Group's Merelani graphite mine and as such Kibaran recently extended its existing Memorandum of Understanding with Richland to consolidate their Tanzanian graphite assets in the Merelani region in a joint venture.