For thousands of other reports visit RSC's Mineral Intellingence Map
Walkabout Resources Ltd.
Summary
| Project: | Lindi | |
|---|---|---|
| Deposit: | Lindi | |
| Location: | Tanzania | |
| Commodities: | Graphite | |
| Date: | 8/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 24-8-2017: Walkabout Resources Ltd. announces a Feasibility Study report for its Lindi deposit at the Lindi project. Updated Feasibility results incl. Post Tax NPV (10%) of $302M, IRR of 88%. A Definitive Feasibility Study (DFS) by emerging African graphi | |
| Resources: | (Reserve, Prop.): 5Mt @ 16.13% TCG for 809kt TCG contained at project | |
| CP/QP: | [Overall Report]: Evan Kirby (Internal) | |
| ABSTRACT: | A Definitive Feasibility Study (DFS) by emerging African graphite developer Walkabout Resources Ltd (ASX:WKT) for a proposed open pit mine and graphite processing plant at its Lindi Jumbo Graphite Project in south eastern Tanzania was released to the ASX 07 February 2017. Following the subsequent Tanzanian legislative changes and further metallurgical testwork , WKT is pleased to release an UPDATE to the DFS, dated 18 August 2017 along with a Project progress report. The Updated DFS has been modelled employing only the Ore Reserve published to the ASX 03 April 2017. This reserve contains Proven and Probable Ore Reserves of 5 million tonnes @16.13% TGC for 809 kilo-tonnes of graphite concentrate and comprises 42% of the measured and indicated resources only. Early July 2017 saw the Tanzanian Government unilaterally amend the Mining Act of 2010 in a number of areas. Most of these were designed to return control of the National Mineral Product to the State and increase the collection of mineral revenues. Many of the amendments have little real effect to the viability and operational plan of the Lindi Jumbo Graphite Project. Some of the amendments may result in minor cost increases or operational delays but these are impossible to model at this time. A moratorium on the award of new Mining Licences while the Government organises its capacity around the new changes and the associated mining regulations are finalised, is of some concern to the Company. The amendment with the greatest effect to Project viability is a free carried 16% interest in the Project. In the absence of any clarity on how this will be manifested, the Company has chosen to model it as a post-tax dividend to the Government payable once all debt, interest, depreciation, amortisation and capital have been satisfied. The gross value of this dividend over the life of mine is US$100.7m which equates to some 8.4% of gross modelled revenue. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report