Ann: Development Progress - Lindi Jumbo Mine, page-4693

I took the liberty to highlight the line above Spid. Nameplate capacity in 4 months with recovery secondary and the least important aspect of Lindi Jumbo. In 4 months WKT is expecting to reach full nameplated capacity while producing an in spec product. Only then will they address recovery and target greater than 85% within 12 months. The parameters they have set out here are inline with how irrelevant recovery is to Lindi Jumbo in early years when high grade zones will be targeted. It’s not as if Lindi is a break even project, they will be selling concentrates on average over 3 times more than it costs to produce Spid. There isn’t another graphite project in the world like it.


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