The company said that the latest results complement the earlier assays with high-grade graphite grades as high as 20.1% total graphitic carbon (TGC).

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

The latest standout RC drill results include 28m at 13.8% TGC from 14m (MHRC052), 22m at 12.3% TGC from 12m (MHRC053), 40m at 7.6% TGC from 0m (MHRC057) and 40m at 7.1% TGC from 8m (MHRC058).

Kibaran executive director Andrew Spinks said: "These latest results continue to confirm the premium quality of Epanko graphite and position Kibaran positively in terms of what graphite traders outside of China consider fundamental prerequisites for commercially viable mining operations; large flake size distribution.

"The company looks forward to delivering the resource upgrade in the very near future and the subsequent release of the updated Epanko Scoping Study."