Shares in Perth-based Kibaran Resources surged on news it had received an offer from an unnamed institution to co-finance the company's Epanko graphite project in Africa, with a loan of up to $28 million.
Subiaco-based graphite player Kibaran Resources has achieved some preliminary success in developing a process to convert the carbon-based mineral into graphene.
Kibaran Resources-backed 3D Graphtech Industries has entered into an agreement with the Commonwealth Scientific and Industrial Research Organisation to research the effectiveness of graphite and graphene inks in 3D printing.
Owners of graphite stocks have enjoyed strong returns during the past year on the back of demand for the mineral's use in lithium ion batteries, however it is the potential to tap new markets that has some in the sector even more excited.
Shares in Kibaran Resources have continued their stellar run in July, jumping by nearly 20 per cent this morning after the company announced more spectacular drilling results at its Mehange graphite project in Tanzania.
Graphite and nickel exploration company Kibaran Resources has raised $3.1 million through a share placement, just months after it completed a similar placement in February.
