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Walkabout Resources Ltd.
Summary
| Project: | Lindi | |
|---|---|---|
| Deposit: | Lindi Jumbo | |
| Location: | Tanzania | |
| Commodities: | Graphite | |
| Date: | 3/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 7-3-2019: Walkabout Resources Ltd. announces a Feasibility Study report for its Lindi Jumbo deposit at the Lindi project. DFS results incl. post-tax NPV of US $197M (10%), IRR of 119%, 24yr LOM at the project. Emerging African graphite producer Walkabout | |
| Resources: | (Reserve, P+P): 5.51Mt @ 17.9% TGC | |
| CP/QP: | [Resources]: Lauritz Barnes (Trepanier Pty Ltd.) | |
| ABSTRACT: | Emerging African graphite producer Walkabout Resources (ASX:WKT) is pleased to announce results of the enhanced Definitive Feasibility Study (DFS) for the high-grade Lindi Jumbo graphite project in Tanzania. The DFS was updated as a result of the substantial upgrade to the Ore Reserve Executive Director, Allan Mulligan commented; “We are delighted with the results of the DFS which demonstrate that the extraordinary Lindi Jumbo project continues to deliver compelling economics in spite of conservative sales assumptions. We have a high degree of confidence in the revised cost estimates which are derived from actual engineering drawings and negotiated contract prices.” “This mine has been designed to withstand potential start-up and ongoing risks. It continues to show outstanding economics with a payback period of less than two years. These factors make the Project attractive to potential funding partners and investors.” | |
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