Lindi Jumbo Constuction progress is going very well , Mine 93%-...

Lindi Jumbo Constuction progress is going very well , Mine 93%- 97% completed with total available funding remaining $19.389 million is very robust , Lindi Jumbo with upgrades and cost overruns of $34.5 million is a bargain for WKT investors and a pain in the rear for Sqid and co, Lindi's capacity of up to 60,000 TPA in a rising graphite market is perfect timing to commence commissioning in the next few months , those bagging WKT will look like fools when they realize our graphite peers are 3 years away of getting anything but a small red mixer to start the mine works.

At the end of the quarter, the final estimated capital cost for the mine was US$34.5m net of VAT. This includes scope changes of $3.8m (with the bulk incurred in 2021). The impact of these scope changes and the prolongation of the delays in project funding and COVID19 have been mitigated to approximately 4.2% of the forecasted final capex value. With conclusion of the earthmoving and civils contract imminent (98% complete) and the EPC contract being fixed price, there is limited scope for material changes in the projected total capex resulting from indirect costs from any further unforeseen delays.

Cash and cash equivalents at quarter end (item 4.6) 4,352 8.5
Unused finance facilities available at quarter end (item 7.5) 15,037 8.6
Total available funding (item 8.4 + item 8.5) 19,389

o Zero lost time injuries for 643 days.
o No significant health, safety or environmental incidents.
o Tailings Storage Facility (TSF) works 93% complete at quarter end, with HDPE liner installation progressing well.
o Planned essential civil works 97% complete.
o Erection of building structures in progress.
o Costs of funding delays on capex minimal, recorded at 4.2%.
o Grid power delivered to site, with a strategy to improve risk of redundancy and continuity of supply.
o Construction remains on track for completion before year end