EXPLORATION & DEVELOPMENT

Lindi cost cut lots

HAVING had another look at the feasibility study for its Lindi graphite project to take into account legislative changes afoot in Tanzania, Walkabout Resources has managed cut the capex by 23% and improve the venture’s internal rate of return.

Michael Quinn
Lindi cost cut lots

Lindi is now seen as costing US$29.6 million, and having a post tax IRR of 88%, though the after tax NPV has reduced from $230 million to $180 million. Under changes flagged in Tanzania, the state will...

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