Australia’s Walkabout Resources Ltd is due to kick off production at its Lindi graphite mine in the next 18 to 24 months. It aims to extract 25,000 tons of graphite per year. Geotech Aviation South Africa (Pty) Ltd., the South African outpost of the American group Geotech Airborne Ltd., conducted an airborne survey of the resource in early September.
Then, in mid-September, the junior began sample drilling on its property. This was expected to last for three weeks and was being carried out by the local company Kuchimba Drilling Tanzania Ltd. The results are to be presented in three months’ time.
Allan Mulligan, managing director of Walkabout Resources, said the explorer could then approach potential partners it had identified in order to sign offtake contracts. The company will need to spend $35 million to bring the mine on stream.
The firm, which succeeded in attracting over $100 million in investment in its nearby graphite project at Nachu, hopes to repeat that success with Lindi.(Source: Africa Inteliigence)