Below is an excerpt from the Company’s announcement released on 31-May-2018 (‘EcoGraf Launched for Li-ion Battery Market’). Hopefully this helps answer your question:-
Graphite feedstocks for testing within the piloting facilities have been procured from a number of existing sources of supply and if successful, will enable Kibaran to commence production and sale of spherical graphite products to the battery market in parallel with the development of natural flake mining operations at Epanko.
The value of our new eco-friendly purification process increases significantly if its application is proven using multiple graphite feedstocks. The testing is not a diversion or a change of strategy, but rather an opportunistic expansion of our downstream processing aspirations.
KNL Price at posting:
14.5¢ Sentiment: None Disclosure: Held