The company is also developing a high-grade, large flake graphite project at Lindi in southern Tanzania.
Walkabout’s strategy in Northern Ireland is to follow a parallel exploration program focussing on gold and base metals, whilst maintaining a key interest in energy metals.
Slieve Gallion project in Northern Ireland
Walkabout recently confirmed the presence of cobalt-copper-silver occurrences in quartz-sulphide veins within the Slieve Gallion project in Northern Ireland.
The company has formalised an earn-in agreement which would allow it to gain a 75% stake in Slieve Gallion through the expenditure of US$500,000.
The Slieve Gallion licence is located about 20 kilometres from the 4.4 million ounce Curraghinalt gold resource owned by Dalradian Resources (AIM:DLAR).
The mining licence for Walkabout’s Lindi Jumbo Graphite Project in Tanzania is expected in Q2 2018 and construction is planned to start soon after.
Walkabout is aiming for the plant to be operational in 9 months after commencing construction, with first shipment planned for Q1 2019.
Lindi has a high-grade reserve with a planned production of 40,000 tonnes per annum at a concentrate grade of 95-97% TGC (total graphitic carbon).
The company recently expanded its Eureka Lithium Project area in the highly prospective Orange River Pegmatite Belt in southern Namibia.
The license hosts more than 120 newly mapped pegmatites that are mainly clustered in two areas of the tenement with a strike length in excess of 65 line kilometres (1,500 hectares).
Importantly, historical lithium occurrences of unknown grade have been documented on the license.
The addition of the new pegmatites brings the total number of pegmatites targeted for exploration within the Eureka Project to almost 200 with a combined strike length in excess of 90 kilometres.
Walkabout has commenced its exploration program with more than 200 rock samples currently being assayed.