The company has initiated an EPC contract with a scope of work that includes the supply, shipping and construction of the processing plant, related buildings and mobile equipment.
Walkabout Resources is on track with its mine construction schedule at the wholly-owned Lindi Jumbo Graphite Mine in Tanzania.
The company has initiated a second material project development agreement for the EPC of the Lindi Jumbo Graphite Process Plant with Yantai Jinpeng Mining and Machinery.
A mobilisation payment of about US$1.6 million has been approved by the independent project manager and CRDB Bank in Tanzania.
Axis Group International has been appointed as company representative in China overseeing EPC project management including QA/QC and loading supervision.
Walkabout Resources CEO Andrew Cunningham said:
“Despite constructing a mine in a time when travel is restricted, our strategic network of delivery partners including our longstanding working relationship with Jinpeng has ensured Walkabout is in an agile position to meet agreed development targets.
“Not only does Jinpeng understand Lindi Jumbo through their close involvement in the front-end engineering and flowsheet design of the processing plant, Axis Group mitigates any potential risk acting on our behalf during the QA and loading stages.
“We are pleased to partner with such an experienced manufacturer of graphite processing plants as we set up for production from this standout graphite deposit.
“During the past week on site, I have been inspecting site bulk earthworks together with the executive team of our civils contractor, TNR.
“The progress being made is aligned with our construction schedule and am confident that the progress of Lindi Jumbo is in good hands.”