WKT 0.00% 10.5¢ walkabout resources ltd

Ann: Change in substantial holding, page-16

  1. 8,924 Posts.
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    Sunny Boy, WKT has more than a few skip full , 25,000 tons PA for 15 year mine life , that's without any further drilling , resource is open in all directions , or do you think the report is a lie? check out the difference 5 % and 20% add to mine size cost .

    http://hotcopper.com.au/threads/ann...-perth.2732360/?post_id=17335448#.VvW2Wu9xnAw

    Walkabout holds 70% of package of four PL’s in premium flake graphite area in SE Tanzania;​
    Highest Grade Resource in Tanzania*. *2012 JORC Inferred Resource announced 19 January 2016
    11.7 million tonnes @ 11.9%TGC including,
    2.6 million tonnes @ 20.6% TGC as a discrete package.
    Mineralisation from surface and continuous with strip ratio expected to be 1:1.
    High Grade mining package vastly improves project economics and robustness.
    Metallurgical test work confirms high recoveries of 98% and concentrate grades of +95% TGC.
    Current optimum flake size distribution of 61% over large and 31% over Jumbo
    Simple 100 P 850 grind rougher cleaner flotation with polishing into 2 stage cleaning
    Many further options will optimise flake size distribution
    Forecast Basket price for 2020 off Stormcrow price prediction is between US$1,500 and US$2,000 per tonne graphite in concentrate.
    Modest and sensible project scale will reduce capex and risk and produce early cashflow.
    Project elements well advanced to produce graphite early 2017
 
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