Walkabout Resources nears commissioning of Lindi Jumbo Graphite Mine
–News Direct–
Walkabout Resources Ltd (ASX:WKT) CEO Andrew Cunningham joins Proactive's Stephen Gunnion with an update on the Lindi Jumbo Graphite Mine in Tanzania, saying the project is on track for commissioning despite a tight schedule and challenges such as shipping delays.
The arrival of backup generators in Dar es Salaam marks the completion of necessary equipment deliveries, allowing for the transition to the commissioning and production phases. The logistical hurdles faced were compounded by COVID-related container shortages and increased port traffic at Dar es Salaam, managed by DP World. To mitigate these issues, Walkabout Resources staggered shipments and prepared contingency plans, including sourcing critical spares from South Africa.
Cunningham detailed the company's preparations for potential further delays, including securing grid power and the imminent arrival of additional first falls. Stage commissioning of the plant has commenced, with dry and wet commissioning of various circuits underway, facilitating a conservative ramp-up to full production over the next few months.
The significance of the Lindi Jumbo Graphite Mine extends beyond the company, representing the first critical metal asset to reach full production in Tanzania and marking the first significant foreign direct investment in the country's mining sector in a decade.
The project is closely watched, as it opens amidst predictions of a severe graphite shortfall, with Walkabout Resources positioned ahead of competitors. Cunningham's interview highlights the strategic and operational steps taken to navigate challenges and the broader implications for Tanzania's mining industry.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
View source version on newsdirect.com: https://newsdirect.com/news/walkabout-resources-nears-commissioning-of-lindi-jumbo-graphite-mine-301444457
Walkabout Resources Ltd
COMTEX_449131814/2655/2024-03-12T11:09:00
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