It's a year since the EY independent valuation of #LindiJumbo#graphite mine at US$125m or >28c/share. EY assumed gearing of only 13.23%. At expected gearing of 50%, the discount rate would be 3.48% or nearly a qtr lower. This would restore approx a qtr of DFS NPV.
@WalkaboutRes
Draw down of the senior debt now funds construction & start up of the #LindiJumbo#graphite mine. It repays interim funding, replenishes treasury funds recently used for construction & obviates having to use the standby facility to fund the $2-3m of residual construction costs.
It’s a done deal.
#WKT announced earlier this week that the @LindiJumbo Senior #DebtFacility has been executed for up to US$25m – with a US$20m Tranche A to go ahead & optional US$5m for Tranche B.
Further info is in our latest announcement: https://t.co/oU9VKdi48n
#ASXNews
The last few mechanicals at port in Dar es Salaam destined for the #LindiJumbo#graphite mine. 7 containers of minor mechanicals arrived in port last week.
@WalkaboutRes
Elevated platform for the “elbow” into the rod mill at the #LindiJumbo#graphite mine was completed and de-shuttered. This area is now fully completed and handed over to JINPENG team for final mechanicals installation.
@WalkaboutRes
Civils in the drying & bagging building at the #LindiJumbo#graphite mine are 84% complete. Bases for the building are completed. Rebars fixing on the plinths are in progress. Concrete to the first row of plinths has been completed.
@WalkaboutRes
Andrew speaks about the Senior debt funding & the progress on the #LindiJumbo#graphite mine. @WalkaboutRes "on schedule" at Lindi Jumbo https://t.co/6rcnVdA4jo via @YouTube
@jimbill1123 Incorrect to focus on resource size - SYR a classic example.
Need to understand the deposit as each deposit is unique.
Depths, thickness, waste rock ratios
Flake Size Distribution
TGC and cut off grades
Purity and Recovery rates
A DFS will soon identify viability. #GPX DID ; )
@MikeonMining@WalkaboutRes US DoE uses a lot of outdated data comprising of *cough* wanna be #graphite projects *cough cough* that requires significant price rises before they are viable projects
Their forecasts are flawed and the tightness in the global markets will be way tighter than they realize
1/2
As the starter pit at the #LindiJumbo#graphite mine deepens, it is necessary to start the battering of the pit walls. The first bench through weathered material is only 5m. Subsequent benches through a mixture of weathered & fresh rock will be higher.
@WalkaboutRes
Representing $WKT & our flagship @LindiJumbo#graphite project, CEO Andrew Cunningham will be attending the #Lithium & #EVBattery Raw Metal Supply Chain Conference in Germany, on July 5-6.
Learn more about the event below
https://t.co/ixK2Zi2xKm