Multi-mineral developer Walkabout Resources Ltd (ASX:WKT) has produced and shipped its first consignment of graphite concentrate to customers in Europe from Tanzanian graphite mine Lindi Jumbo.
The on-specification concentrate was bagged in May and shipped as Walkabout continues carrying out commissioning work at Lindi Jumbo, with this work focused on boosting plant performance, availability and utilisation.
The company is also hoping to capitalise on the United States’s announcement of tariffs on Chinese graphite, which is expected to improve pricing of the product.
Walkabout’s managing director and CEO Andrew Cunningham said the company had achieved an important goal with the shipping announcement.
“The successful production of on-spec, saleable product during the commissioning process at the Lindi Jumbo plant facility is an exciting milestone,” he said.
“To achieve our first concentrate shipment from site, at a time when customers are looking to shore up their graphite supply chains is a rewarding and outstanding outcome for the tenacity of our people, community, contractors and shareholders.
“We now have the opportunity to engage with more end-users as we continue to demonstrate we have a viable product and that we are serious contenders in development of non-Chinese graphite supply.”
Walkabout has been trading at 12 cents.