Walkabout Resources Sees Surge in Graphite Sales Orders in September

Sales Orders and Market Demand

Walkabout Resources Limited has reported a major boost in sales orders for its graphite concentrate during September. The company received two substantial sales orders totaling 800 tonnes, with more than 60% of this volume being coarse flake graphite. The prices for these sales are in line with those previously announced.

Andrew Cunningham, Walkabout's Managing Director and CEO, highlighted the importance of these sales, stating, 'Starting regular large volume sales is an important milestone and begins to cement Lindi Jumbo as a reliable producer of high-quality graphite concentrate in the minds of end customers.'

Production Ramp-Up and Operations

The Lindi Jumbo project has been ramping up production since June, producing over 3,200 tonnes of graphite concentrate. Despite a planned 5-day shutdown for maintenance, the project is averaging around 50 tonnes of dry graphite concentrate per day. Early sales to Europe and Asia consisted of pilot orders for customer testing, and follow-on orders are expected in the coming months.

Wogen, a key customer, has secured two significant sales with clients in India and China. These orders, primarily for coarse flake graphite, will see Lindi Jumbo receiving 80% of the assessed final value of these sales, with the remaining balance paid after the end customers settle with Wogen.

Future Prospects

Walkabout Resources anticipates further sales to these and similar end customers as more product becomes available. The company is witnessing strong demand for both coarse and fine graphite produced by Lindi Jumbo. This robust demand is expected to continue as the project ramps up towards nameplate capacity and possibly beyond.

The company remains fully exposed to market prices for its graphite products and stands to benefit from the forecasted cyclical increase in prices in the coming years.