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Walkabout Resources (ASX:WKT) has announced the first graphite concentrate shipment from Lindi Jumpo is imminently set to sail to the EU.
Lindi Jumbo is Walkabout’s 100% owned graphite project in Tanzania’s Mozambique Belt. The maiden shipment will sail off in the coming days with pilot orders trickling through.
Those pilot orders, Walkabout announced, are typically between for 20 tonnes and up to 80 tonnes of graphite concentrate, landing in Walkabout’s inbox on “a regular basis.”
The company is, in turn, boosting on-site plant throughput capacity to achieve at least “one-third of the nameplate production” by the end of this month.
The company did also add it was actively executing “efforts to mitigate impacts of inflation.” To sweeten this line, it immediately added it expects Lindi Jumbo to be the world’s highest margin producing graphite mine.
“Set to be the highest margin producing graphite mine globally at full production, Lindi Jumbo continues to impress and at current estimated operating costs is currently one of the lowest cost producing mines in the world with one of the highest basket prices globally,” Walkabout chief Andrew Cunningham said on Tuesday.
“Demand for Lindi Jumbo’s graphite product is vibrant and attracting market pricing. Our focus is on continuing to methodically ramp up production and product quality to meet this demand.”
Graphite has long been the purview of Chinese market dominance but after the world’s second largest economy placed export restrictions on the industrial and battery metal, markets have been closely eyeing graphite prices.
The company also stands poised to tap into overhead critical mineral domestic supply chain strategies from Western governments.
WKT last traded at 11.5cps; it’s 1Y returns are up +16%.
