Walkabout Resources further boosts its cash position for Lindi graphite
Walkabout holds a 70% stake in Lindi, with an option to acquire the remaining 30%.
Company
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 holds a 70% stake in Lindi, with an option to acquire the remaining 30%.
Jinpeng has extensive experience in Africa and will become Walkabout's largest shareholder.
The halt will remain in place until Thursday 21st September 2017.
The detailed design for the Lindi project is progressing in Yantai, China.
The updated PFS shows working costs, production rates, reserve grades were not affected.
Walkabout recently raised $1.5 million from a share purchase plan.
Walkabout has boosted its cash position to advance the Lindi project.
The halt will remain in place until Thursday 6th July 2017.
The agreement allows them to tap into the One Belt, One Road initiative.
The Lindi Jumbo Graphite Project is being fast-tracked to development.
The company is advancing the Lindi Jumbo Flake Graphite Mine in Tanzania.
The halt will remain in place until Thursday 22nd June 2017.
Shares have traded up 18% through this morning's trading.
The Lindi project is being fast-tracked to development.
Finalising project funding remains the top priority for Walkabout.
The company is in the process of raising development capital for the project.
The halt will remain in place until Monday 5th June 2017.
The company is fast-tracking the development of the Lindi Jumbo Project.
Walkabout Resources' shares are trading 6% higher intra-day to $0.07.
Shares are trading 14% higher intra-day on the deal.