Company
Walkabout Resources Ltd
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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Walkabout Resources inks exclusive sales agreement for entire graphite production of Lindi Jumbo Project in Tanzania
This will allow Lindi Jumbo to harness the skills and resources of an established international commodities marketing organisation across its full production capacity.
Walkabout Resources hits high-grade zinc-lead in maiden scout drilling at Scottish Project
“The completion of our maiden scout drilling program over the Blackcraig prospect marks the first exploration drilling program in the region since the discovery of the mineralisation more than 250 years ago,” says CEO Andrew Cunningham.
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Walkabout Resources takes full ownership of JDH Exploration – increases footprint in Scotland
Having started diamond drilling at the Blackcraig project in October, WKT has completed six holes with samples for the first five holes sent to the laboratory in the Republic of Ireland for assaying.
Walkabout Resources processing plant and equipment for Lindi Jumbo mine incoming
“Lindi Jumbo continues to deliver milestones with its first consignment of plant and equipment en route by sea from China to Tanzania. Our team has worked tirelessly to manage these unprecedented times of fractured supply chains and transpo
Walkabout Resources powers up at Lindi Jumbo with grid power to be delivered to site
"With the majority of the power in Tanzania supplied through hydro and gas power stations, this further enhances the company’s ESG credentials by replacing a component of the diesel-powered electricity on site and our commitment to be the s
Walkabout Resources advances Lindi Jumbo Graphite Mine with EPC execution, processing plant on track
“The formal signing of the EPC contract is another major milestone for the project as we work towards satisfying all of the CPs towards the drawdown of the debt and keeping the project development to schedule," says CEO.
Walkabout Resources initiates vaccination program in Tanzania to benefit local communities and workers
“Mining companies have a unique opportunity to leverage resources and relationships to drive greater health and safety outcomes in the communities in which we operate – such as setting up clinics to make them more readily available," says C
Walkabout Resources kicks off maiden drill program at Scottish lead-zinc-silver project
This is the first modern exploration program to be undertaken in the area since the 1980s.
Walkabout Resources on track at Lindi Jumbo Graphite Project with multiple contractors active
The company has initiated an EPC contract with a scope of work that includes the supply, shipping and construction of the processing plant, related buildings and mobile equipment.
Walkabout Resources' flagship Lindi Jumbo Graphite Project in Tanzania moves into construction phase
Lindi Jumbo is now officially in construction and the company will update shareholders on the progress over the coming months.
Walkabout Resources chairman demonstrates confidence by entitlement issue shortfall participation, becomes substantial holder
The company has engaged TNR Engineering to provide bulk earthworks and civil engineering works at the Lindi Jumbo Graphite Project in Tanzania.
Walkabout Resources appoints chief financial officer as it advances Lindi Jumbo Graphite Mine towards production
Tony Allen "is a great addition to our executive team as we look forward to the development and operations of the Lindi Jumbo Graphite Mine and the growth options that provides", says CEO.
Walkabout Resources bolsters board to help deliver development, production and growth
Experienced mining executives Phil Montgomery and Peter Finnimore have been appointed non-executive directors, effective immediately, with the new board structure comprising three independent non-executive directors.
Walkabout Resources hires Tanzanian firm to help prepare Lindi Jumbo Graphite Project for production
TNR Engineering has been awarded the contract to provide bulk earthworks and civil engineering works at the mine.
Walkabout Resources well on track to fully fund Lindi Jumbo Graphite Project into development and production
The fresh equity is set to unlock a key funding package and support Walkabout as it works to move its flagship Tanzanian graphite project into production.
Walkabout Resources completes entitlement offer, secures $7.6 million to drive Lindi Jumbo Graphite Mine toward production
The fresh equity will unlock a key funding package and support Walkabout as it works to move its flagship Tanzanian graphite project into production.
Walkabout Resources director shows support for energy minerals strategy with on-market purchase
The total US$12 million companion equity required to access the US$20 million project loan funding from CRDB Bank has been secured and construction of the Lindi Jumbo Project is fully funded to production.
Walkabout Resources closes final Stage 3 companion equity funding for Lindi Jumbo Graphite Project
The total US$12 million companion equity required to access the US$20 million project loan funding from CRDB Bank has been secured and the construction of the Lindi Jumbo Project is fully funded to production.
Walkabout Resources reaches milestone for Stage 2 companion equity for Lindi Jumbo graphite project
The company has also extended the closing date of its entitlement offer to July 5, 2021, to allow sufficient time for shareholders to take up their rights in light of this additional information.
Walkabout Resources assesses in-country potential to increase Tanzanian graphite resources
Combined, the company has an exploration potential range of 72 to 172 million tonnes at a grade of 8-15% TGC, excluding the current JORC mineral resource at the Gilbert Arc deposit of 41.8 million tonnes at 10.8% TGC.
Walkabout Resources joins European Raw Materials Alliance
The Lindi Jumbo Project and acceptance into ERMA further aligns the company’s strategy to become a globally significant source of responsibly sourced natural graphite.
Walkabout Resources raises A$6.4 million to commence construction of Lindi Jumbo Graphite Mine
The company received firm commitments led by institutional investors in Australia in Stage 1 of its Companion Equity process.
Walkabout Resources in trading halt with capital raising announcement pending
The company has made changes to the board and senior management as part of its strategy to position itself for the next phase of development and operations at its Lindi Jumbo Graphite Project in Tanzania.
Walkabout Resources makes strategic shuffle of board and senior management in preparation for development phase
The company has secured debt funding for its Tanzanian graphite project and is restructuring to best position itself for the next phase of development.
Walkabout Resources moves closer to Lindi Jumbo construction on securing US$20 million finance facility
The total cost of the project is estimated to be around US$32 million, and the debt facility will meet 62.5% of the project cost.
Walkabout Resources in trading halt pending announcement of Lindi Jumbo Project funding process
After financing is finalised there is a very short development timeframe for the Lindi Jumbo Graphite Project in Tanzania.
Walkabout Resources well-placed to benefit from renewed attention on battery minerals
After financing is finalised there is a very short development timeframe for the Lindi Jumbo Graphite Project in Tanzania.
Walkabout Resources advances approval of Lindi Jumbo debt funding facility
While the facility term sheet has several conditions precedent before it becomes binding, the company notes that this term sheet has already received initial bank approval.
Walkabout Resources' sampling highlights gold potential and scale at Amani in Tanzania
Seven high-priority gold anomalies coincident with structures and geological contacts have been flagged for immediate follow-up and additional artisanal diggings for alluvial gold have been identified up to 10 kilometres outside of historic
Walkabout Resources continues to drive Lindi Jumbo Graphite Project towards development
The company is also focused on the exploration and development of its highly prospective suite of base metal and gold tenements in Scotland and Northern Ireland.
Walkabout Resources long-serving director and chairman Trevor Benson resigns
“Trevor’s contribution to funding the company and the project has been significant and the board thanks him for his efforts,” says chairman Allan Mulligan.
Walkabout Resources non-executive director Michael Elliott buys shares on-market
Earlier this month, Walkabout secured exploration tenure over a highly prospective, underexplored gold region in southwest Tanzania.
Walkabout Resources sampling confirms presence of gold-bearing veins at Glenhead in Scotland
The company will continue to advance the Scottish prospects into what it believes could be valuable exploration projects in their own right.
Walkabout Resources adds Amani Gold Project to African portfolio
Walkabout considers this project to be a valuable addition to its diverse mineral exploration portfolio in Africa and the UK.
Walkabout Resources progresses Lindi Jumbo Graphite Project funding options
The company is focused on meeting loan security requirements to progress negotiations with an African development bank.
Walkabout Resources hits high-grade zinc, lead and copper at Scottish project
Plans are well advanced to begin drilling and following the successful ground geophysical program, further ground geophysics and close-spaced soil sampling is planned along strike of the original target area.
Walkabout Resources continues work to commercialise Lindi Jumbo Graphite Project in Tanzania
The company has been negotiating with a preferred African based bank in regard to securing a binding term sheet.
Walkabout Resources confident dispute resolution will transform Tanzania's mining industry
The Barrick-Tanzania deal sets a new government-endorsed standard and establishes a workable model for foreign direct investment in mining in the East African country.
Walkabout Resources to pay off bridging loan due to strong cash position
Options that expired 31 December 2019 have been exercised providing a cash injection for the company.
Walkabout Resources pursues international funding process to develop graphite project
The funding process has involved management presentations to global investors and subsequent due diligence.
Walkabout Resources director supports graphite strategy with purchase of 1 million shares
Non-executive director Michael Elliott’s participation in a placement has been approved by shareholders.
Walkabout Resources launches debt capital raising for US$40 million
Walkabout aims to raise the capital through the issue of secured five-year loan notes, which will pay the holders quarterly interest.
Walkabout Resources secures $5 million in bridging loans to support Lindi Jumbo plans in Tanzania
The shareholder funding package could also bring in $9 million of funding from the exercise of options.
Walkabout Resources progressing final funding solution for Lindi
Due diligence activities related to project funding are nearing completion.
Walkabout Resources continues with funding discussions, early site works underway
Funding options are being negotiated with related due diligence reviews already underway.
Investments and investor services
RIU Sydney Resources Round-up paints positive outlook for base metals
The 16th event features more than 70 presentations over 2.5 days as well as 70 exhibiting companies.
Walkabout Resources secures $3.1 million to commence early-start program at Lindi Project
The company completed the $3.1 million placement at an issue price of 23 cents a share.
Walkabout Resources in trading halt ahead of capital raising news
The company’s securities will remain in a trading halt until the beginning of trade on May 7, 2019, or until an announcement is made to the market.
Walkabout Resources progresses Lindi Jumbo in Tanzania with offtake and marketing deals
This month's offtake and marketing agreements come after a 'derisking' update to its DFS.
Walkabout Resources signs binding agreement with metals trader
The deal further supports a future for the Lindi Jumbo Graphite Project in southeast Tanzania.
Walkabout Resources signs second offtake for Lindi Jumbo graphite
The term sheet secures the sale of an additional 25% of planned annual production for the first three years with Qingdao Risingdawn Graphite Technology Co.
Walkabout Resources signs first binding offtake term sheet
The agreement is with expandable graphite producer, Inner Mongolia Qianxin Graphite Co., Ltd (IMQG) from China.
Walkabout Resources a grade king with Lindi Jumbo in Tanzania
The Lindi Jumbo project’s DFS was updated last week.
Walkabout Resources reveals updated graphite project DFS, shares up
The project is estimated to produce US$1.4 billion of revenue over its 24-year mine life.
Walkabout Resources increases graphite reserve grade to 17.9%, highest-grade mineable reserve in East Africa
The Lindi Jumbo Graphite Project ore reserve now amounts to 5.5 million tonnes at 17.9% total graphitic content.
Walkabout Resources receives official resettlement plan approval for Tanzanian graphite project
The development milestone completes an intensive 2-year survey and enables construction to begin.
Walkabout Resources continues to progress Lindi Jumbo graphite feasibility study
During the December 2018 quarter, Walkabout increased the resource tonnage at Lindi by 41% to 41.8 million tonnes.
Walkabout Resources director increases stake in graphite developer by 100,000 shares
The company’s highest priority is securing funding for the world-class Lindi Jumbo large and jumbo flake graphite project.
Walkabout Resources appoints independent non-executive director to its board
New director Michael Elliott was previously the Global Mining & Metals Leader for Ernst & Young.
Walkabout Resources lifts graphite resource tonnage at Tanzanian project by 41%
More than 50% of the 4.5 million tonne resource will form part of the initial mining area in the measured and indicated categories.
Walkabout Resources to begin earthworks at Tanzanian graphite project in early 2019
The company’s highest priority is securing funding for the world-class Lindi Jumbo large and jumbo flake graphite project.
Walkabout Resources’ sampling confirms lithium potential at Eureka project
The company is currently planning the funding required to begin construction of its flagship Lindi Jumbo Flake Graphite Project in Tanzania.
Walkabout Resources directors show confidence in graphite strategy with share purchases
A resource update is expected from the Lindi Jumbo project in Tanzania in the coming weeks.
Walkabout Resources completes SPP raising $3 million, resource update pending
Funds will be used to fast-track the highest grade graphite project in East Africa.
Walkabout Resources assays 300 metre graphite extension
An updated JORC resource estimate is expected in November 2018.
Walkabout Resources to raise $3 million to develop graphite project
The company was recently granted a mining licence for its Lindi Jumbo Graphite Project.
Walkabout Resources expects capital raising news, granted ASX trading halt
The halt will remain until the start of normal trading on Friday or when an announcement is released.
Walkabout Resources boosts UK base metals and gold prospects through Scottish acquisition
The company is farming into three prospective exploration licences in the country’s southwest.
Walkabout Resources identifies multiple targets for drilling in Northern Ireland
Multi-element co-incidental anomalies include copper, cobalt and silver.