KNL 0.00% 9.3¢ kibaran resources limited

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    The UFK Loan Guarantee ("GGG") is a two-submission process - we are awaiting sign-off on the second and final submission. The mining licence extension should be the catalyst for the GGG sign-off and finance approval. There appear to be no other impediments to us securing finance from KfW.

    Our EcoGraf hydrofluoric acid-free purification process is generating a lot of interest in Germany. Funding (~$4M) for the expansion and commercialisation will almost certainly come from a strategic partner - the company is not looking to do a CR to fund the expansion. The Epanko downstream optimisation program will be reported by end of October at the latest.

    I was expecting an update this week on Andrew's recent visits to Tanzania and Germany. There is still tomorrow, but it is looking like we may not get the update until next week. Perhaps management are waiting until there is something significant to announcement instead of providing just a general update.
 
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