- Walkabout Resources (WKT) is beginning construction at the Lindi Jumbo Graphite Project in Tanzania
- The company has appointed an Independent Project Manager who’s been approved by CRDB — the bank financing Lindi Jumbo
- Additionally a site visit with Tanzania’s Prime Minister has been completed, with crews now moving on to site
- Looking ahead, WKT flagged that the global container shortage may impact the cost of its 90 shipments from China
- Shares in Walkabout Resources are trading up 9.09 per cent at 24 cents each at 12:39 pm AEST
Walkabout Resources (WKT) is beginning construction at the Lindi Jumbo Graphite Project in Tanzania.
Ahead of work beginning at the site, WKT appointed an Independent Project Manager who has been approved by CRDB — the bank financing Lindi.
The company also assigned TNR to undertake site earthworks and civil engineering work at the graphite asset.
The bulk earthmoving and civil contractor has begun mobilising to site, with site visits also carried out.
Walkabout said several high-ranking Tanzanian officials had visited Lindi, including Prime Minister Kassim Majaliwa.
Company CEO Andrew Cunningham said he was pleased to see activity ramp up at the site.
“The appointment of the Independent Project Manager by CRDB has kickstarted project development activities, with the mobilisation of bulk earthmoving
equipment now under way,” Mr Cunningham said.
“These activities coincided with the company hosting two high-level Government delegations to site over the past week through visits by the Honourable Prime Minister of Tanzania Kassim Majaliwa and Honourable Deputy Minister of Minerals Shukrani Manya.
“Lindi Jumbo is now officially in construction and we look forward to updating our shareholders on the progress over the coming months.”
Looking ahead, WKT has flagged that the global container shortage may impact the cost of its 90 shipments being sent from China.
It said it would push shipments to arrive according to the construction schedule to try to mitigate higher costs.
Shares in Walkabout Resources were trading up 9.09 per cent at 24 cents each at 12:39 pm AEST.