After securing $2-million through a share placement earlier this year, in conjunction with additional funding mechanisims, junior graphite developer Kibaran Resources announced on Tuesday that technical due diligence on its Tanzania-based Epanko graphite project is now complete, making Kibaran the first ASX-listed company to undergo banker’s due diligence for a graphite project in Africa. Independent engineering firm SRK was appointed by KfW IPEX-Bank to conduct technical due diligence as part of the bank’s senior debt financing due diligence on Epanko.
