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Cyclone73

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23/02/21

15:07

Post #: 51251303
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Originally posted by Mooseadventures: ↑

Once our mine is funded, significant re-rate and SP appreciation

Which critical material am I referring to?
Clue A: The USA need it but have none of their own Supply
Clue B: Global Demand is growing exponentially
Clue C: It is one of world’s most versatile manufacturing materials

Graphite Supply and Demand
1.1 million metric tons of Graphite produced (2020)
China is world's leading producer of graphite (~67%), has the second largest reserve (after Turkey) https://www.ga.gov.au/scientific-topics/minerals/mineral-resources-and-advice/australian-resource-reviews/graphite
2018 US Government’s Critical Minerals List stated that the US is 100% import-dependant on Graphite and it meets all 6 of the industrial / defence sector indicators. Similarly, the European Commission considers Graphite high in both economic importance and supply risk and the British Geological Survey listed graphite as one of the materials to most likely be in global short supply.
The global lithium-ion battery market size is expected to grow at a CAGR of 16.4% from 2020 to 2025, reaching USD 94.4 billion by 2025 from USD 44.2 billion in 2020 https://www.prnewswire.com/news-releases/the-global-lithium-ion-battery-market-size-is-expected-to-grow-at-a-cagr-of-16-4-from-2020-to-2025--reaching-usd-94-4-billion-by-2025-from-usd-44-2-billion-in-2020--301043731.html

Graphite Uses
crucial additive in the manufacture of industrial products and fire-safe building materials that are in high demand.
Graphite has long been used in the aviation, automotive, sports, steel and plastic industries, as well as in the manufacture of bearings and lubricants. Graphite is an excellent conductor of heat and electricity, is corrosion- and heat-resistant, and is strong and light.
Graphite is indispensable to the shift towards Electric Vehicles (cars, trains, buses, bikes etc.). There is no substitute for graphite and is expected to remain the foundation of all lithium-ion EV battery chemistries for the foreseeable future.
Graphite is the second-largest component of lithium batteries by weight, and they contain 10-15 times more graphite than lithium https://aheadoftheherd.com/americas-graphite-vulnerability-2/
More than 5 billion people around the world currently have a mobile phone – all powered by lightweight batteries made using graphite with graphite foil for heat dispersion being an integral component. Every portable computer also uses graphite for batteries and graphite foil for heat dispersion.
Future uses of Graphite include Flexible graphite sheets / Graphoil flexible graphite; Nuclear power having a higher melting point than steel, doesn’t burn until 3,000°C; Fuel cells; Solar thermal collectors; Vanadium redox batteries and off course…
Graphene - dubbed the strongest material in the world, this thin, flexible commodity is 10 times lighter and 200 times stronger than steel. Due to its atomic structure, graphene can be moulded into any shape and conducts electricity at the speed of light. IBM is currently using it to produce the fastest computer chip in history and ultimately, graphene chips may replace silicon chips in computers. https://www.internationalgraphite.technology/markets/

Types of Graphite:
There are two types of graphite
Synthetic graphite is made by treating amorphous carbon materials at high temperatures. Manufacturing synthetic graphite costs up to 10X more than natural graphite, therefore it is less appealing for most applications.
Natural graphite (flake, amorphous and lump). Most new technologies and applications require large flake graphite. Of the approximately 1.2 million tonnes of graphite that are processed each year, just 40% is flake. WKT has large flake graphite

WKT: Walkabout Resources
An undervalued Graphite play with large quantity of highest quality large flake Graphite resource. Once funded, a major re-rate will occur)
In terms of scale, WKT’s flagship project Limdi Jumbo (large flake graphite) is based in Tanzania which has the 6th largest Graphite reserves in the world (source https://www.statista.com/statistics/267367/reserves-of-graphite-by-country/)
In terms of Quality, WKT has Highest Ore Reserve grade in Africa. 5.5 Million tonnes @ 17.9% TGC for a Life-of –Mine (LOM) of 24 years producing 40,000 tonnes of graphite concentrate per annum. WKT has Highest distribution of Jumbo and Super Jumbo flakes in the industry (up to 75% of the distribution above large (+ 80 mesh or 180μm)). WKT’s reserve has Exceptional expandability (Expandable ratios of up to 590cm3 /g achieved with the simplest, quickest and most cost effective expandability tests)
Mike Elliot is Non-Executive Director at Walkabout Resources. Retired Global Mining & Metals Leader at EY with 36yrs experience advising the industry. He’s a man who know the industry
High profitability as Low startup and operating costs. Less than US$28m CAPEX for Phase 1. Low OPEX of 347 US$ per tonne of concentrate FOB at the port of Mtwara. Good infrastructure (Situated in the highly endowed East Africa graphite belt 180km from the port of Mtwara, linked by good road infrastructure)

Expand

I guess that the resource being open in all directions and having adjacent leases means that it's possible that there may be a large quantity of low value high grade battery suitable graphite about the place, as well as the known high grade flake for expansion. You would think that this would make it an attractive proposition for safe guarding, even in terms of stripping and bulk warehousing in your country of investment.
WKT Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
18 Upvote

2 Great analysis

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