Daily Newsletter

03 January 2024

Daily Newsletter

03 January 2024

Walkabout begins operations at graphite mine in Tanzania

The wet commissioning process will use up the existing ore stockpile of 19,000 tonnes (t).

Surya Akella January 02 2024

Australian minerals developer Walkabout Resources has started the wet commissioning process at its crushing circuit in the Lindi Jumbo graphite mine in Tanzania.

It is the first instance of graphite ore being processed through the entire crushing circuit.

The operation further mitigates the risk associated with the mine's start-up by creating a stockpile of high-grade graphite ore.

The 19,000t from the existing ore stockpile will be used for the commissioning process, providing enough material for a full month's production at the mine's projected capacity.

Walkabout intends to build up its high-grade and medium-grade stockpiles on the run-of-mine pad once operational mining commences. These stockpiles will contain more than 20% and 10% total graphitic carbon (TGC), respectively.

This will ensure optimal grade feed to the plant and a smooth transition to the mine's expected ore throughput and recovery rates, the company said.

Dry commissioning on the equipment is taking place within the grinding and flotation circuit and the commissioning works will continue in preparation for feed through of the entire processing circuit.

Walkabout Resources managing director and CEO Andrew Cunningham said: “It is great to see the first feed of Lindi Jumbo Graphite ore and the first part of the plant operating as designed.

“Additionally, as the operations team starts to prepare for full production the fine ore stockpile will give them a flying start by de-risking the source of ore for the concentrator over the coming months.”

Located in the south-east of the country, the Lindi Jumbo graphite mine is located within the highly prospective Mozambique belt, known for its coarse flake graphite deposits.

The mine has a life of 24 years and is expected to generate A$1.4bn in revenue. The pre-tax net present value is A$335m and its post-tax internal rate of return is 142%.

The annual average earnings before interest, taxes, depreciation and amortisation is A$44.1m.

Viewing the world’s data by themes makes it simpler to make crucial choices and predictions

GlobalData's latest thematic report will help you to understand and identify the important themes that threaten to disrupt your business in 2024. Our 2024 theme map covers not only disruptive tech themes but also ESG, macroeconomic, and regulatory themes. Reading this report is the first step towards making better business decisions in 2024.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Your corporate email address *
First name *
Last name *
Company name *
Job title *
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close