Lindi Jumbo graphite project, Tanzania
Name of the Project
Lindi Jumbo graphite project.
Location
South-east Tanzania.
Project Owner/s
Walkabout Resources.
Project Description
The Lindi Jumbo project has mineral ore reserves of 5.15-million tonnes grading 17.9% total graphitic carbon for 987 000 t of contained graphite.
The mine life has increased from 20 years in the 2017 definitive feasibility study (DFS) to 24 years in the enhanced DFS to produce 40 000 t/y of graphite.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The pretax net present value has increased from $302-million, at a 10% discount rate, in the 2017 DFS, to $335-million in the enhanced DFS. The project’s pretax internal rate of return is estimated at 142% in the enhanced DFS, from 108% in the 2017 DFS. The payback period is less than two years.
Capital Expenditure
Preproduction capital costs have decreased from $29.7-million in the 2017 DFS to $27.8-million in the enhanced DFS.
Planned Start/End Date
The construction schedule has not been modified in the enhanced DFS, as commissioning can be achieved 9 to 12 months after project-start funding has been received.
Latest Developments
African Export-Import Bank (Afreximbank) has given initial approval for $25-million in debt funding for the Lindi Jumbo project.
Walkabout has executed a nonbinding, conditional termsheet with Afreximbank, which will become binding once certain conditions are met.
Key Contracts, Suppliers and Consultants
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Walkabout Resources, tel +61 8 6298 7500 or email admin@wkt.com.au.
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