Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Walkabout Resources continues to progress Lindi Jumbo Graphite feasibility study

Proactive Investors Friday, 25 January 2019
Walkabout Resources Ltd (ASX:WKT) is continuing to progress an updated mining study for its Lindi Jumbo Graphite Project in Tanzania. An updated and amended definitive feasibility study (DFS) is due for completion in the first quarter of 2019, having factored in delays due to the holiday period coinciding with the planned work program. During the December 2018 quarter, Walkabout increased the resource tonnage at Lindi by 41% to 41.8 million tonnes for 4.5 million tonnes of graphite. READ: Walkabout Resources lifts graphite resource tonnage at Tanzanian project by 41% An updated JORC-compliant resource estimate for Gilbert Arc deposit lifted global resource tonnes from 29.6 million tonnes with 5 million tonnes of high-grade material grading 22.5% total graphitic carbon (TGC). There is now 51% of the resource that will form part of the initial mining area in the measured and indicated categories for 1.67 million tonnes of contained flake graphite. Importantly, the upgraded resource will be incorporated into the mining studies and an amended DFS. Further progress on discussions in China and Europe During the last quarter, an extensive marketing roadshow was undertaken in China to inform existing counter-parties of the Walkabout’s progress and probable timelines for development and production. The existing agreements, both from China and Europe, have been progressed further and several introductory meetings were held with new customers and industry participants. Walkabout remains in discussions with several industry participants and end-users in order to finalise binding off-take agreements required to support project funding requirements. READ: Walkabout Resources boosts UK base metals and gold prospects through Scottish acquisition Walkabout had strengthened its gold and base metals strategy in the UK with the acquisition of three highly prospective exploration licences in southwest Scotland. Initial reconnaissance exploration within the Scotland licences commenced during the quarter and the relevant stakeholders have been briefed on the company’s intended program in the area. Efforts are currently directed toward finalising access agreements with the Forestry Department of Scotland. Walkabout has also identified multiple targets for drilling at the Tyrone licence area in Northern Ireland. During the last quarter, the company focussed on processing all necessary permits, permissions and quotes to enable drilling to commence on the SkyTEM targets within the Tyrone licence area.
0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related news from verified sources

Salt Lake Potash completes acquisition of strategic Lake Way package ahead of BFS release

Salt Lake Potash Ltd (ASX:SO4) has completed the acquisition of a package of tenements and other key assets for the Lake Way Sulphate of Potash Project near...
Proactive Investors

Bardoc Gold delivers broad high-grade gold intersections below resource at El Dorado

Bardoc Gold Ltd (ASX:BDC) has intersected broad high-grade zones of gold mineralisation of up to 28 metres at 13.59 g/t below the resource at El Dorado...
Proactive Investors

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.