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Walkabout has built up a resource of 29.8mt @ 10.9% TGC for Walkabout chairman Trevor Benson is interviewed on site by
3.25mt contained graphite, including a higher-grade domain of marketing and public relations consultant Thomas Murrell,
who also sits on the company’s board
4.7mt @ 22.8% TGC for 1.073mt, at Lindi Jumbo

we have now reached the same position Walkabout’s peer group. life, with on-mine cash costs of $US292/t
in concentrate proposed for delivery at
with respect to project development, but Other key highlights of the study in- the mine gate.

we’ve been able to do it cheaper because clude a pre-tax NPV of $US323 million High-end markets are the target ben-
eficiary of Walkabout’s products, with
we’re fast-tracking.” with IRR of 97%, average annual free 8,000 tpa of super jumbo (+500 microns)
and 14,000 tpa of jumbo (+300 microns)
The scoping study was finally released cash flow of $US35.8 million, payback likely to be suitable for the expandable
natural flake markets.
to the market in January, just one month within 22 months, average annual EBIT-
Walkabout’s DFS trigged a share price
prior to the publication of a robust DFS, DA of $US47.7 million and LOM revenue lift to 13c in mid-February before coming

based on production of 40,000 tpa of four of $US1.26 billion, based on a 20-year

different graphite concentrates. mine life.

According to the DFS, Lindi Jumbo The mining plan is based around a

can be developed for an upfront capex high-grade plant feed of 17% TGC during

of just $US38.7 million (plus $US5.6 mil- the first three years of produc-

lion sustaining capital), making it one of tion and at least 16% TGC over
“the lowest capital intensive projects in the remaining 17 years of mine
When you compare our quarterly cash
flow expenditures against our peer
group, we are the cheapest by a long way…

Technical director Andrew Cunningham explains the flow of Cunningham has become a key member of
mineralisation from the Lindi Jumbo discovery hole the Walkabout executive team

AUSTRALIA’S PAYDIRT APRIL 2017 PAGE 23