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ASX:WKT FRA:N6D

Walkabout Resources Ltd

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Market:
ASX
Market Cap:
$88.5 m
Price
0.21 AUD
Change
-2.38%
52 weeks high
0.38
52 weeks low
0.11

In brief

Emerging graphite producer, Walkabout Resources Ltd (ASX:WKT) (FRA:N6D) finalised the third of its 3-stage companion equity fund raising process on June 25, by agreeing a placement of ordinary shares of up to US$ 10 million with Battery Metals Capital Group LLC (the Investor or BMCG), a U.S.-based institutional investor for the Lindi Jumbo Graphite Project in Tanzania. 

The company is developing the high-grade Lindi Jumbo Graphite Project in Tanzania to produce high-value large and jumbo flake graphite products.

The total US$12 million companion equity required to access the US$20 million project loan funding from CRDB Bank in Tanzania has now been secured and construction of the Lindi Jumbo Graphite Project is fully funded to production.

Walkabout has also acquired a portfolio for gold and base metals assets in Northern Ireland and Scotland and is conducting exploration in these areas.

Snapshot

  • Walkabout Resources' flagship Lindi Jumbo Graphite Project in Tanzania moves into construction phase
  • Walkabout Resources completes entitlement offer, secures $7.6 million to drive Lindi Jumbo Graphite Mine toward production
  • Walkabout Resources' begin construction at flagship Lindi Jumbo Graphite Project in Tanzania