Kibaran Resources Ltd. said Oct. 23 that it will seek to change its name to EcoGraf Ltd. in its annual general meeting on Nov. 29, to reflect the company's strategy to be a long-term supplier of natural flake and battery graphite products.

The name change is expected to provide the company with brand recognition in the graphite market, particularly in the manufacture of anode materials for lithium-ion batteries, as part of the global transition toward renewable energy for vehicle and industrial applications.

In June, the company said that its engineering study for developing a graphite processing plant in Kwinana, Western Australia, outlined a pretax net present value of US$141 million and a 36.6% internal rate of return.