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Walkabout Resources to lift cash for exclusive lithium licenses

Published: 23:42 04 Dec 2017 GMT

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The company's shares are in pre-open

Walkabout Resources Ltd (ASX:WKT) has a dual strategy of lithium and graphite in Africa.

Walkabout holds a large footprint in the highly prospective and underexplored licenses in the Orange River Pegmatite Belt of Namibia.

READ: Walkabout Resources expands its Namibian lithium exploration portfolio

The company also holds a 70% stake in the Lindi Jumbo Graphite Project in Tanzania, with an option to acquire the remaining 30%.

To advance the next steps, Walkabout is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Thursday 7th December 2017, or earlier if an announcement is made to the market.

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