Walkabout Resources Ltd

First Graphite Concentrate Shipment from the Lindi Jumbo Graphite Mine

Walkabout Resources Limited (ASX:WKT) (“Walkabout” or the “Company”) is pleased to announce that it has produced and shipped the first consignment of on-specification graphite concentrate from the Lindi Jumbo Graphite Mine in Tanzania.


HIGHLIGHTS

  • Lindi Jumbo plant commissioning ongoing with first graphite concentrate bagged in early May
  • Product shipped from site for first sales in Europe
  • Commissioning team currently focused on improvements in plant performance, availability and utilisation
  • Operations team achieving significant cost efficiencies in power and fuel usage
  • Announced US tariffs on Chinese graphite improve product pricing

Walkabout’s Managing Director and CEO Andrew Cunningham said, “The successful production of on-spec, saleable product during the commissioning process at the Lindi Jumbo plant facility is an exciting milestone. To achieve our first concentrate shipment from site, at a time when customers are looking to shore up their graphite supply chains is a rewarding and outstanding outcome for the tenacity of our people, community, contractors and shareholders. We now have the opportunity to engage with more end-users as we continue to demonstrate we have a viable product and that we are serious contenders in development of non-Chinese graphite supply.”

Lindi Jumbo Project Update

COMMISSIONING ACTIVITIES

All sections of the plant are commissioned.

The priority commissioning team remains focused on is the increase of plant availability to run the entire circuit on a more continuous basis, while steadily increasing throughput to reach the planned production volume of 40Ktpa. Having the plant available and operating for an entire 12-hour shift has been an important milestone during the commissioning and ramp-up period.

Once the throughput targets have been met the team will turn its attention to the end-to-end optimisation of processing circuits to consistently achieve customer product specifications.

Logistics efficiency is also a focus, with bagged on-spec product accumulated in the load out area ready to be transported to port. Currently, any product not meeting specification is reprocessed as determined by the Lindi Jumbo on-site laboratory.

Figure 1: Lindi Jumbo bagged, on-spec flake graphite concentrate awaiting shipment at the Lindi Jumbo loading hold.

PRODUCT SHIPMENT

Although volumes are still relatively modest due to limited plant availability and utilisation during the commissioning and early ramp-up phase, the first consignment of on-spec bagged graphite concentrate has been shipped to Dar es Salaam for sale to Wogen under the exclusive offtake agreement (See announcement 22 July 2022). This first sale forms part of a larger order from an end customer in Europe. Road access to both ports is now available after the recent cyclone.

CONTRACTS

Issue of the Final Completion Certificate (“FCC”) by the EPC contractor (Jinpeng) will occur once the required throughput tonnages are achieved and sustained for a period of 48 hours. Once signed off, the plant will be handed over to the operating team to continue the ramp up over the coming months. A number of processing and maintenance specialists from Jinpeng will remain on site for as long as required.

Following FCC, it is not expected that Lindi Jumbo will make any post commissioning cash payments to Jinpeng as the mine has incurred a substantial amount of in-country costs on behalf of the EPC contractor and the remaining net balance will be settled by way of the issue of shares (See ASX announcement of 28 August 2023).


Click here for the full ASX Release

This article includes content from Walkabout Resources Ltd, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
E-Power Resources CEO James Cross.

E-Power Resources CEO: Boosting North American Sources Key to Looming Graphite Supply Deficit

James Cross, CEO of E-Power Resources (CSE:EPR), discusses the critical role of junior mining companies in developing a North American graphite supply chain.

With China’s dominance of global production and the expected increase in demand, Cross outlines how the company's Tetepisca graphite project in Québec could play a key role in boosting supply.

International Graphite CEO: Poised for Growth Amid Rising Demand

International Graphite CEO: Poised for Growth Amid Rising Demand

International Graphite (ASX:IG6) CEO Andrew Worland discusses the evolving graphite market, highlighting a delayed supply/demand inflection point, the company's strategic positioning with government-backed projects and expansion plans into Europe and North America to support growing graphite demand.

NMG to Present at BMO's Global Metals, Mining and Critical Minerals Conference

Nouveau Monde Graphite Inc.'s ("NMG" or the "Company") ( NYSE: NMG , TSX: NOU ) leadership team is participating this week in BMO's 34 th Global Metals, Mining and Critical Minerals Conference in Hollywood, Florida, to position its integrated graphite operation in capital markets. NMG's ore-to-active-anode-material Phase 2, comprised of the future Matawinie Mine and Bécancour Battery Material Plant, is key to North America's effort to reshore production of critical minerals for the energy sector.

BMO Capital Markets' 34 th annual Global Metals, Mining & Critical Minerals Conference attracts some 600 capital providers. Founder, President and CEO Eric Desaulniers will be presenting to institutional investors on Tuesday, February 25, at 11:00 a.m. EST. The presentation will be webcasted live and made available shortly thereafter for on-demand viewing on NMG's website ( Investing section ).

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Flake graphite ore at graphite deposit.

Top 10 Graphite-producing Countries

Graphite is an excellent conductor of heat and electricity and also has the highest strength of any natural material. However, it wasn’t until recently that the metal began to gain popularity.

Interest in graphite mining is increasing in large part because lithium-ion batteries are becoming more common. These batteries are used in everything from phones to electric vehicles (EVs), and graphite is one of their key raw materials. Both synthetic and natural graphite, in the form of the intermediate product spherical graphite, are products that are used in the anodes of lithium-ion batteries. As lithium-ion battery demand grows, graphite demand is also expected to rise from nations around the world.

In fact, despite discussions on changes in lithium-ion battery chemistry, many experts think graphite will remain a key raw material in EV batteries for at least the next decade. Hence, demand for graphite from the battery anode segment is set to experience significant growth as electric car sales and the energy storage trend continue.

Keep reading...Show less
Closeup of synthetic graphite molecule.

What is Synthetic Graphite?

The outlook for the graphite market is promising due to its usage in the battery industry and energy storage applications, as well as steel-making.

With China dominating the natural graphite market, synthetic graphite is poised to capitalize on rising demand for graphite in the technologies.

Understanding what synthetic graphite is and how it differs from natural graphite is important for investors, as each industry typically needs a specific type of graphite. Here’s a look at the synthetic graphite market and what it has to offer.

Keep reading...Show less
Altech Batteries

Altech Batteries


Keep reading...Show less

Latest Press Releases

Related News

×