Walkabout Resources Ltd (ASX:WKT) has a dual-focus of graphite and lithium in Tanzania.
Test work at its Lindi Jumbo Graphite Project in southeast Tanzania has produced a super jumbo, high margin graphite concentrate.
Walkabout recently received approval for three lithium license applications in Tanzania.
The company 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 Monday 20th June 2016, or earlier if an announcement is made to the market.
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