Kibaran Resources Ltd. (ASX:KNL) announced that it has formalized and signed a binding strategic alliance agreement with 3D Group Pty Ltd. that will see the two parties establish 3D Graphtech Industries Pty Ltd., a research and development company.

As quoted in the press release:

3D Graphtech Industries jointly owned on a 50/50 basis will be responsible for pursuing patents and collaborative partnerships that investigate the application of graphite and graphene in 3D printing. Graphite for the R&D program will be sourced exclusively from Kibaran’s projects in Tanzania.

Under the agreement, Kibaran and 3D Group will jointly fund 3D Graphtec Industries.

The 3D printing industry is evolving rapidly, with accelerating technological development forecast to drive the market value from the current US$3.8 billion to US$16.2 billion by 2018.

Click here to read the full Kibaran Resources Ltd. (ASX:KNL) press release.