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Walkabout Resources continues to progress Lindi Graphite Project in Tanzania

Proactive Investors Tuesday, 17 July 2018
Walkabout Resources Ltd (ASX:WKT) is currently drilling several hydrological well-holes in the vicinity of the planned mine and plant-site at the Lindi Jumbo Graphite Project in southern Tanzania. In addition, a modest resource upgrade drilling and trenching program has commenced over the northern portion of the existing resource to upgrade it to the indicated and/or measured status. Mining Licence Application Walkabout team has recently met with the chairman of the Tanzanian Mining Commission, professor Idris Kikula, the commission secretary professor Shukrani Manya and the commissioner, Dr Athanas Macheyeki in Dodoma, Tanzania. The commission has finalised the standard “Integrity Pledge” and “Local Content” forms for all mining companies to complete and which will make up an integral part of all mining licence applications. READ: Walkabout Resources transitions to full ownership of Lindi, shares rally While the company has previously submitted an integrity pledge, the commission has decided to standardise the format of these for all applicants, and indeed all licence holders. The forms have now been approved at ministerial level and forwarded to the Government Gazette. Soon, they will be issued to applicant companies for completion and submission. READ: Walkabout Resources to fly survey over Northern Ireland cobalt-copper-silver targets In Northern Ireland the raw data for the SkyTEM helicopter survey that was completed over the Tyrone License area has finally been processed and is now ready for final interpretation. The soil assay results will be processed and interpreted and in conjunction with the SkyTEM results, the overlaying datasets will be used to generate selected drill targets. Lithium exploration in Namibia In Namibia, the Ministry of Mines and Energy have indicated that the renewal of Walkabout’s license is imminent and this will allow the company to progress with a detailed assessment of the target areas. In addition, the detailed negotiation of a surface land access agreement is underway with a private landowner. The lithium-cesium-tantalum (LCT) type pegmatite intrusions in the project area are interpreted to be controlled by later stage faulting. Once the licence is renewed and secure access is granted, exploration teams will follow up on the previous assessment with the priority aim of generating drill targets in the shortest possible time.

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