An enhanced definitive feasibility study (DFS) into the Lindi Jumbo graphite project, in Tanzania, has delivered a significant economic boost for the project, owner Walkabout Resources told shareholders on Thursday.
The updated DFS increased the projected mine life by four years, to 24 years, while increasing the projected life-of-mine revenues from $1.18-billion to $1.4-billion, and the earnings before interest, tax, deprecation and amortisation from $886-million to $1-billion over the life of the mine.