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Walkabout Resources Ltd

Walkabout Resources funded to 'move to the next level' with Lindi project

Walkabout Resources Ltd (ASX:WKT) chairman Trevor Benson details for Proactive Investors the underwritten share placement plan which has netted the company $3 million to fast-track development of the Lindi Jumbo Graphite Project; the highest grade graphite project in East Africa.

Recent results from drilling there will be modelled into to a resource upgrade, probably in December, and potentially a reserve upgrade after that.

Quick facts: Walkabout Resources Ltd

Price: $0.24

Market: ASX
Market Cap: $74.47 m
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Walkabout Resources' updated DFS designed to reduce start up risks for Lindi...

Walkabout Resources Ltd (ASX:WKT) executive director Allan Mulligan talks Proactive Investors through the enhanced outcomes of an updated Definitive Feasibility Study (DFS) for the Lindi Jumo Graphite Project in Tanzania. Mulligan explains that capital costs have been reduced, and that...

on 12/3/19

2 min read