DFS pegs Lindi development costs at $38.7m

A definitive feasibility study (DFS) into the Lindi graphite project, in Tanzania, estimates the project will cost $38.7-million to support production of 40 000 t/y of graphite concentrate over a 20-year period. The DFS estimated that the project will generate a life-of-mine revenue of some $1.25-billion and average annual earnings before interest, tax, depreciation and amortisation of $47.7-million, with the pre-tax net present value estimated at $323-million and the pre-tax internal rate of return estimated at 96.4%.