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  • Kibaran Resources Executive Director Andrew Spinks Leads With On Market Share Purchase 0 comments
    Mar 11, 2014 1:21 AM

    Kibaran Resources (ASX: KNL) executive director Andrew Spinks has acquired 88,964 shares in the graphite explorer in on market trade.

    Spinks paid $11,676, or about $0.131 per share, for the transaction, which increased his total shareholding up to 16,554,350 shares. Shares in the company are currently at $0.14.

    Kibaran has commenced drilling at the Epanko graphite deposit, within its Mahenge project in Tanzania, to upgrade the existing Inferred Resource of 14.9 million tonnes at 10.5% total graphitic carbon to the Indicated and Measured categories.

    This will also allow the company to report its 2013 Scoping Study findings and start work on a Feasibility Study that will progress the project towards a development decision.

    The drilling will focus on two areas where graphite mineralisation has previously been identified, and is expected to take 2 months.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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