DGAP-News: Kibaran Resources Limited: Belieferung der Lithium-Batterien-Branche durch Kibaran nach Abschluss einer verbindlichen Vereinbarung mit dem japanis...

Kibaran Resources Limited: Belieferung der Lithium-Batterien-Branche durch Kibaran nach Abschluss einer verbindlichen Vereinbarung mit dem japanischen Handelsunternehmen Sojitz

DGAP-News: Kibaran Resources Limited / Schlagwort(e): Vereinbarung

Kibaran Resources Limited: Belieferung der Lithium-Batterien-Branche durch

Kibaran nach Abschluss einer verbindlichen Vereinbarung mit dem japanischen

Handelsunternehmen Sojitz

08.08.2016 / 13:39

Für den Inhalt der Mitteilung ist der Emittent verantwortlich.

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Kibaran to supply graphite to lithium battery industry after signing

binding agreement with Japanese trader Sojitz

100% of Epanko Graphite Project's production now covered by agreements

Kibaran Resources Limited (ASX: KNL) is pleased to announce that it has

signed a binding exclusivity agreement with Japanese commodities trading

giant Sojitz Corporation for the supply of graphite concentrate produced at

its Epanko project in Tanzania.

Under the agreement, Kibaran will be the sole supplier of Tanzanian

graphite to Sojitz for distribution into markets including Japan, Korea and

Taiwan. Sojitz is in turn a major supplier of raw material and products to

the rapidly growing lithium battery industry. The initial term of the

agreement is five years.

The agreement provides the framework for sales of a minimum of 14,000

tonnes per year of natural flake graphite products subject to terms and

conditions. Under the existing design, the plant will be capable of

producing 44,000 tonnes a year of flake graphite concentrate.

Kibaran already has binding agreements for 30,000 tonnes including 20,000

tonnes with German industrial giant ThyssenKrupp.

Kibaran Managing Director Andrew Spinks said the Company's relationship

with Sojitz would also provide a platform to increase production capacity

at Epanko as market demand increases for battery grade graphite.

The execution of the agreement follows the completion of extensive due

diligence by Sojitz, including a global review of potential graphite

suppliers to meet the increasing demand from the lithium battery industry.

The due diligence on Epanko focussed heavily on analysis of Epanko graphite

quality, including extensive testwork by end users.

The Sojitz agreement provides an avenue for long-term sales of Epanko

graphite into the fast-growing lithium-ion battery markets of Japan and

Korea.

Sojitz will also market Epanko graphite for use in a range of key

applications in Japan, Korea, Taiwan, China and the US.

As one of the largest graphite traders in Asia and a leading trader of

lithium compounds in the Japanese and Korean markets, Sojitz has an in-

depth understanding of the lithium battery market.

Mr Spinks said Kibaran had partnered with the leading supplier of

commodities to the lithium battery industry. Kibaran is proud to have yet

another 'blue chip' partner in Sojitz Corporation and is expecting to

formalise further strategic alliances to tie down the remaining major

supply portals outside of China.

"Kibaran is now studying the potential to increase Epanko's production

capacity based on forecast growth in lithium battery demand," Mr Spinks

said.

"Graphite demand is forecast to treble on the back of the lithium battery

demand and Kibaran's relationship with Sojitz and the ability to expand

Epanko's capacity means it will be ideally positioned to capitalise on this

opportunity."

Kibaran is also advancing its plan to produce battery-grade graphite and

other value-adding strategies via the development of a downstream

processing plant (see Figure 1).

Sojitz also intends to use its network to play a role in developing the

downstream battery-grade graphite processing plant.

SOJITZ CORPORATION BACKGROUND

Sojitz is one of Japan's leading trading companies with net sales of US

$3.4billion, net assets of US$1.9billion and a market capitalisation of US

$1.4 billion. With over 80 worldwide offices and over 15,000 group

employees worldwide, Sojitz has a substantial global presence.

Sojitz is listed on the Tokyo Stock Exchange.

Further information, please contact:

Managing Director Media

Andrew Spinks Paul Armstrong

Read Corporate

+61 8 9388 1474

Kibaran Resources Limited | ABN: 15 117 330 757

338 Hay Street Subiaco Western Australia 6008 | PO Box 2106 Subiaco Western

Australia 6904

T: +61 8 6380 1003 | E: info@kibaranresources.com |

www.kibaranresources.com

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08.08.2016 Veröffentlichung einer Corporate News/Finanznachricht,

übermittelt durch DGAP - ein Service der EQS Group AG.

Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten,

Corporate News/Finanznachrichten und Pressemitteilungen.

Medienarchiv unter http://www.dgap.de

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