Ann: Development Progress - Lindi Jumbo Mine, page-3355

Hi Croc

the more plausible reason for the "current" lower strip ratio would be related to WKT targeting the surface mineralisation first, as you know this dips away which is why WKT has a significant overburden to remove in years 1-10.



I hope the break up of overburden to graphite ore help you understand how much material is needed to be removed.

Around 250-300k tonnes of mine feed vs 1mil tonnes of overburden that is required to be removed in year 1. You might understand why the current strip ratio is only 2 to 1.

I would say I am surprised by Mike's reactive posts to the HC commentary, it's more concerning for shareholders seeing this. WKT's mining plan stated the Strip Ratio was 3 to 1. This means you have more overburden to move later on. i.e keep the costs down now due to the limited funds. One has to wonder why the grade control drilling hasn't commenced or asked how WKT is testing the graphite TGC levels when the lab isn't up and running.

I am looking forward to seeing if WKT can get the mine commissioned in Q1 as they forecast. it's only costing an additional $400k per month just in interest costs due to the significant debt.

@Sparecash - How much remained available in Trench 1? US$3.2mil wasn't it at the end of the December QTR?