Junior graphite developer Walkabout Resources has reduced the expected start-up capital cost for its Lindi Jumbo graphite project, in Tanzania, from $38.7-million to $29.6-millio.
The ASX-listed company told shareholders that an updated definitive feasibility study also adjusted the project’s net present value from $320-million to $302-million, and the pre-tax internal rate of return from 108% to 96%.
