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.