The results complement earlier assays that yielded significant intersections and high-grade graphite with intersected grades as high as 20.1% total graphitic carbon (TGC).

Kibaran said in a statement, "All drill holes again intersected high-grade, premium large flake graphite mineralisation, with the majority encountering graphite mineralization from surface to the end of hole."

The RC drill results include 30m at 8.2% TGC from 8m (MHRC062), 54m at 8.6% TGC from 9m (MHRC063) and 53m at 14% TGC from 15m (MHRC064).

Kibaran Resources executive director Andrew Spinks said: "These final results have again met Kibaran’s expectations in respect of graphite quality.

"Importantly, they allow the geological modelling to be completed in terms of grade estimation and the subsequent delivery of the resource upgrade and scoping study."

The company is currently preparing for a diamond drilling program for providing larger scale samples for further metallurgical test work to further define the processing flowsheet.

Tests will include comminution to determine work indexes for crushing and milling sizing, design and providing geomechanical information for pit design. The results will be used in the Epanko feasibility study.