Walkabout Resources’ mining licence triggers multiple activities at Lindi Jumbo Graphite Project
Fast-tracking the project through concurrent design and engineering based activities.
Company
ASX:WKT
Normal 0 false false false EN-AU X-NONE X-NONE MicrosoftInternetExplorer4 Walkabout Resources Ltd (ASX:WKT) is focused on the construction of its high-grade, high-margin Lindi Jumbo graphite project, based in Tanzania.
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Fast-tracking the project through concurrent design and engineering based activities.
The Ministry of Minerals of Tanzania has granted the licence for the project in the country’s southeast.
Shares are up from 12 cents last Tuesday to an intra-day high of 16.5 cents today.
The company has also completed a helicopter survey over cobalt-copper-silver targets in Northern Ireland.
Walkabout is also exploring in southern Namibia at the Eureka Lithium Project.
The company's shares are currently trading about 17% higher intra-day, at 9.7 cents.
Results from the airborne survey and soil sampling will be used to identify drilling targets.
The company completed a $10 million capital raising earlier this year.
The presence of cobalt mineralisation enhances the company's portfolio value.
An additional joint venture provides access to the Slieve Gallion licence.
Walkabout is finalising engineering design at Lindi which is currently beyond 80% complete.
Funds from the placement and rights issue will be used to progress the Lindi project.
The successful $6.7 million rights issue follows the recent $3.4 million placement.
The company’s shares closed circa 26% higher on Thursday, at $0.125.
The company has already secured $3.4 million in a share placement.
The new funding provides further momentum for the Lindi Jumbo Graphite Project in Tanzania.
The halt will remain in place until Wednesday 7th December 2017.
The company now holds a large footprint of more than 1,500 square kilometres.
"Ready to go" exploration assets prospective for gold, lithium and base metals.
Patersons has a target price of $0.25 on Walkabout Resources.
Walkabout holds a 70% stake in Lindi, with an option to acquire the remaining 30%.
Jinpeng has extensive experience in Africa and will become Walkabout's largest shareholder.
The halt will remain in place until Thursday 21st September 2017.
The detailed design for the Lindi project is progressing in Yantai, China.
The updated PFS shows working costs, production rates, reserve grades were not affected.
Walkabout recently raised $1.5 million from a share purchase plan.
Walkabout has boosted its cash position to advance the Lindi project.
The halt will remain in place until Thursday 6th July 2017.
The agreement allows them to tap into the One Belt, One Road initiative.
The Lindi Jumbo Graphite Project is being fast-tracked to development.
The company is advancing the Lindi Jumbo Flake Graphite Mine in Tanzania.
The halt will remain in place until Thursday 22nd June 2017.
Shares have traded up 18% through this morning's trading.
The Lindi project is being fast-tracked to development.
Finalising project funding remains the top priority for Walkabout.
The company is in the process of raising development capital for the project.
The halt will remain in place until Monday 5th June 2017.
The company is fast-tracking the development of the Lindi Jumbo Project.
Walkabout Resources' shares are trading 6% higher intra-day to $0.07.
Shares are trading 14% higher intra-day on the deal.
Regional exploration has allowed Walkabout to calculate new graphite potential.
Walkabout recently completed a DFS on the Lindi Jumbo Graphite Project.
Walkabout has restructured the board and executive capability with immediate effect.
Walkabout currently holds 70% of the project with the option to acquire 100%.
Walkabout requested the halt concerning a Definitive Feasibility Study.
Walkabout Resources (ASX:WKT) has now completed its $2 million raising, with the shortfall successfully concluded.
Walkabout receives strong investor support to fund DFS completion.
Walkabout Resources (ASX:WKT) has been granted a trading halt by the ASX this morning, pending details of a share raising activity.
The study forecast a payback of less than two years.
Allan Mulligan commented: "The project is advancing extremely well."
The resource upgrade is a significant step towards advancing Lindi towards development.
The stock symbol for shares trading on a deferred settlement basis is WKTDA.
Walkabout is fast tracking the development of Lindi.
Walkabout Resources Ltd has discovered a new exploration zone in Tanzania.
Trenching results from The Gilbert Arc within the 70% owned Lindi Jumbo Graphite Project have de-risked the project further by proving that mineralised high grade graphite zones extend to surface and near surface.Gilbert Arc is the hi
Results confirm Gilbert Arc to be the highest grade graphite deposit discovered in Tanzania. The first batch of assay results from the infill program will be used in the expected resource upgrade scheduled for October.
The preliminary results from infill drilling support Walkabout’s prospects of receiving a resource upgrade at Lindi, which bodes well for project economics.
Visual results from this completed drilling and trenching program are positive and confirming assays will be highly anticipated by the market.
The board has resolved that due to encouraging technical and financial data, project development will be accelerated. A modest reverse circulation and diamond drill program will commence this week.
The additional metallurgical test results for Lindi continue to demonstrate the unique characteristics of the high grade deposit. These results position the Lindi concentrate as a premium natural flake product suitable for the expandable gr
The funding will be used for a 1,500 metre drill program in July at the company's 70% owned Lindi Jumbo Graphite Project in south-eastern Tanzania.
The Australian equity market was once again in sell-off mood today. MARKET ACTION .... Walkabout Resources Ltd's shares soared 50% on massive volume after test work from its Lindi Jumbo Graphite Project.
These exceptional test work results will allow Walkabout to produce a highly sort after graphite concentrate. Super jumbo flake sizes are forecast by industry analyst Stormcrow to sell for US$6,000 per tonne by 2020.
The granting of these three lithium applications completes a prompt transition of Walkabout into a lithium explorer while it develops the Lindi Jumbo Graphite Project.
The 304 square kilometres of tenements in Namibia cover portions of the Strathmore pegmatite swarm, located within the Cape Cross-Uis pegmatite belt. Pegmatites are up to 120 metres in length and 40 metres wide outcrop at surface.
Walkabout is dialling into African lithium and has filed applications for three Prospecting Licences in a known lithium-tantalum setting in Tanzania. The company is also evaluating other lithium opportunities on the continent.
Walkabout has received strong support from professional and sophisticated investors with its SPP shortfall fully subscribed. Funds will progress the development of the Lindi Jumbo Graphite Project in Tanzania.
The funds will be employed in progressing the development of the Lindi Jumbo Graphite Project in south east Tanzania. The company is aiming to produce a high-grade jumbo and large flake concentrate product.
With a grade that is substantially higher than Nachu and therefore lower input costs and early results confirming that the Jumbo flake ratios will be similar to Nachu, Walkabout becomes an interesting proposition.
The very high grade, large and jumbo flake graphite core at Lindi Graphite Project in Tanzania of 2.6 million tonnes at 20.6% TGC, enveloped by 6.9 million tonnes at 8.9% TGC that should be the enabler to allow Walkabout to fast track a mod
The potential of Tanzania has already been identified by many Australian Stock Exchange listed companies, with the country providing the opportunity for a range of resource projects from rare earths and uranium, to precious and base metals,