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Walkabout Resources Ltd.
Summary
| Project: | Lindi | |
|---|---|---|
| Deposit: | Lindi | |
| Location: | Tanzania | |
| Commodities: | Graphite | |
| Date: | 2/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 7-2-2017: Walkabout Resources Ltd. announces a Feasibility Study report for its Lindi deposit at the Lindi project. Feasibility Study results incl. pre-tax NPV of $32.3M, IRR of 96.4%. A Definitive Feasibility Study (DFS) by emerging African graphite deve | |
| Resources: | (Resource, Total): 29.6Mt @ 11.0% TGC for 3.256Mt Graphite contained | |
| CP/QP: | [Resources]: L Barnes, A Platel, B Manzi, A Cunningham (Trepanier Pty Ltd.;Platel Consulting Pty Ltd.;Bianca Manzi Consulting.;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 shows a payback period of just 22 months. Managing Director of Walkabout Resources Ltd, Allan Mulligan commented; “The finalisation of this DFS is a milestone event for our Company and allows us to actively pursue funding options for the fast tracked development of this fine, high grade project. Importantly, this study reduces risk and increases confidence for our current and future investors.” The Project is currently being assessed for Environmental Impact certification by the National Environmental Management Council of Tanzania. Following award of this certificate, the Mining Licence application (ML) valid for 10 years, renewable, will be submitted. The technical and financial parameters of the definitive feasibility study (DFS) are for the development of a mining and processing operation at Lindi Jumbo to produce an annual output of 40,000 tonnes per annum of four discrete products of graphite concentrate for sale FOB from the Port of Mtwara. Such an operation has been assessed technically and financially modelled to an estimated accuracy level of cost of ±10%-15% by several specialist and independent consultants familiar with mining project development in remote Africa. | |
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