Sign up Australia
Proactive Investors - Run By Investors For Investors
Why invest in WKT?
Walkabout Resources Ltd: THE INVESTMENT CASE

Walkabout Resources set to unlock lithium, cobalt, gold and graphite opportunities

The company completed a $10 million capital raising earlier this year.
Walkabout Resources set to unlock lithium, cobalt, gold and graphite opportunities
Recently expanded its lithium exploration footprint in Namibia

Walkabout Resources Ltd (ASX:WKT) is continuing to focus on lithium exploration in Namibia along with an active cobalt exploration program in Northern Ireland.

The company is also developing a high-grade, large flake graphite project at Lindi in southern Tanzania.

READ: Walkabout Resources to target gold, base metals and cobalt at Slieve Gallion

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.

The company has built a substantial portfolio by acquiring the Northern Ireland exploration assets of Lonmin Plc (LON:LMI), an international platinum group metal producer.

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).

READ: Walkabout Resources secures equipment funding for Lindi Jumbo Graphite Project

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).

READ: Walkabout Resources expands lithium exploration footprint in Namibia

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.

View full WKT profile View Profile

Walkabout Resources Ltd Timeline

Related Articles

September 26 2018
Mt Gilmore Project and the Cobalt Ridge cobalt prospect are priority focuses for the company which will present at the RIU Resources Investor Roadshow in Melbourne tomorrow.
drill intersection
October 02 2018
West Musgrave Project is the largest undeveloped nickel-copper project in Australia.
October 15 2018
KSZ holds potential for world class base and precious metals deposits

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use