DGAP-News: Kibaran Resources Ltd

DGAP-News: Kibaran Resources Limited: Bulk Sample Outperforms Block Model

DGAP-News: Kibaran Resources Limited / Key word(s): Miscellaneous Kibaran Resources Limited: Bulk Sample Outperforms Block Model

13.04.2016 / 11:04 The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Bulk Sample Outperforms Block Model

Highlights

- Assays from 200 tonne bulk sample from Epanko's Western Zone reconciles 24% above the Ore Reserve block model grades

Kibaran Resources Limited (ASX: KNL) is pleased to advise the analytical results from the recent 200 tonne bulk sample, taken for full scale production testing for the lithium-ion battery market, have significantly outperformed the block model grade estimate.

The positive reconciliation not only fully supports the integrity of the model but demonstrates the overall robust nature and significant upside of the Epanko Mineral Resource estimate undertaken by CSA Global Pty Ltd ('CSA Global'). Consistent positive reconciliations from both mineralised zones have been demonstrated (refer Table 1).

Table 1: Bulk Sample Grade versus Mineral Resource Estimate Grade



Bulk Sample Grade Resource Block Model Grade

TGC (%) TGC (%)

Eastern zone 11.0 10.7

Western zone 9.9 8.0





The Western bulk sample reported a 24% increase, returning a grade of 9.9% TGC versus an estimated Mineral Resource grade of 8.0% TGC (refer Figure 1). The Eastern zone sample confirmed the integrity of the block model, reporting 11% TGC compared with 10.7% in the block model (refer Table 1).

Positive implications can be drawn, as the higher grade supports the proposed plant delivering the initial production of 40ktpa assumed in the BFS, with scope to produce 44ktpa for no additional capital.

Importantly, the sample locations were sourced from areas to be mined within the first 3 years of production, the capital payback period from a debt financing perspective being approximately 2.7 years. This increased confidence further strengthens the Epanko Projects' fundamentals as the Company progresses debt funding discussions.

The 200 tonne sample is a dual composite of 100 tonnes from each of the Western Zone and Eastern Zones with the locations shown in Table 2.

Table 2: Bulk Sample Locations (UTM WGS84, Zone 37S)



Sample ID Easting Northing Altitude East Zone 244,807 9,037,150 954mRL

West Zone 243,816 9,036,335 1067mRL





For further information, please contact:

Managing Director Media

Andrew Spinks Paul Armstrong

Read Corporate

P: +61 8 9388 1474

Kibaran Resources Limited | ABN: 15 117 330 757

338 Hay Street Subiaco WA 6008 | PO Box 2106 Subiaco WA 6904

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

---------------------------------------------------------------------------

13.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

453913 13.04.2016