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As global flake graphite prices soar and Tanzania legislation continues to see positive change, the company’s will reap handsome rewards.
The execution of the second material contract is part of the CP for drawdown of the US$20 million debt facility by CRDB Bank in Tanzania.
“The progress being made is aligned with our construction schedule and am confident that the progress of Lindi Jumbo is in good hands.”
“This appointment has kickstarted project development activities, with the mobilisation of bulk earthmoving equipment now under way."
“The Lindi Jumbo Mine is rapidly materialising and on track for first production in the second quarter of 2022. " - Allan Mulligan
“We have persisted with negotiating this funding facility for more than a year. The relationship benefits Tanzania and our company."
ASX-listed Walkabout Resources has secured exploration tenure over a highly-prospective, underexplored gold region in south western Tanzania. The Amani gold project within this gold region has been a focus of Walkabout’s exploration team since 2015...
Walkabout Resources says that good progress is being made on securing funding fir the Lindi Jumbo graphite project in Tanzania.
Site works for Lindi have commenced and long-lead items are being sourced for the 41.8 Mt deposit with an estimated grade of 10.8% TGC.