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Walkabout Resources

Walkabout Resources
Company typePublic
ASX: WKT
IndustryResources[1]
PredecessorNimrodel Resources
Founded2011
Headquarters
Perth, Western Australia
Area served
Africa, British Isles
Key people
Andrew Cunningham (chief executive)[2][3]
Michael Elliott (non-executive chair)[2][3]
ProductsGraphite, base metals, gold
Total assetsDecrease A$1,192,360 (2020)[4]
Total equityDecrease A$16,990,619 (2020)[4]
Websitewkt.com.au

Walkabout Resources is an Australian-based minerals developer with projects in Tanzania,[5] Northern Ireland,[6] Scotland[7] and Namibia.[8]

History

Founded in Perth, Western Australia, Walkabout Resources entered the Australian Securities Exchange in 2011 through a reverse listing with Nimrodel Resources.[9] The company’s stated goal is to explore and develop diverse mineral projects in Africa.[10]

Early exploration activity included the Takatokwane coal project in Botswana[11] and two projects in Tanzania – copper at Kigoma and platinum group elements at Makete.[9]

The company was accepted into the European Raw Materials Alliance in May 2021.[12][13]


Operations

Lindi Jumbo

Discovered in 2015, Walkabout Resources is developing the Lindi Jumbo graphite project in south-east Tanzania, 200km from the port of Mtwara.[14] The deposit contains high-grade (17.9% TGC) natural large flake graphite concentrate, with up to 50% of the total graphite in the premium priced super jumbo (+500 μm) and jumbo (+300 μm) categories.[14][7] Construction commenced in late 2021 with equity funding. US$20m of Debt funding with Gemcorp was secured in July 2023 and construction was due to be completed in late 2023.[15][5] 100% of graphite concentrate offtake has been contracted to Wogen International.

Other projects

As of 2021, Walkabout Resources is carrying out exploration programmes for gold and base metals in Northern Ireland, Scotland and Tanzania.[8]

References

  1. ^ Collett, John (27 May 2018). "Ellis shoots ahead on Walkabout Resources". Sydney Morning Herald. Retrieved 21 June 2021.
  2. ^ a b Seymour, Julia (21 April 2021). "Walkabout Resources (ASX:WKT) reshuffles executive board". The Market Herald. Retrieved 21 June 2021.
  3. ^ a b "Andrew Cunningham, Walkabout Resources LTD: Profile". Bloomberg. Bloomberg. Retrieved 21 June 2021.
  4. ^ a b "Walkabout Resources LTD: Interim Financial Report 31 December 2020". Walkabout Resources LTD. Retrieved 17 May 2021.
  5. ^ a b McKinnon, Stuart (24 May 202). "Walkabout presses button on Tanzanian graphite project". The West Australian. Retrieved 21 June 2021.
  6. ^ George, Tharun (27 September 2018). "Walkabout Resources identifies multiple targets for drilling in Northern Ireland". Proactive Investors. Retrieved 21 June 2021.
  7. ^ a b "Walkabout Resources". Business News. Retrieved 21 June 2021.
  8. ^ a b "Walkabout Resources Ltd". Australian Financial Review. Retrieved 21 June 2021.
  9. ^ a b "Allan Mulligan: Walkabout Resources". Resources Roadhouse. 2 May 2013. Retrieved 17 May 2021.
  10. ^ "BCM Member: Walkabout Resources LTD". Botswana Chamber of Mines. Retrieved 16 May 2021.
  11. ^ "Project profile: Walkabout Resources". World Coal. Retrieved 17 May 2021.
  12. ^ Simcock, Lisa (26 May 2021). "Walkabout Resources (ASX:WKT) joins European Raw Materials Alliance". The Market Herald. Retrieved 21 June 2021.
  13. ^ "Network - European Raw Materials Alliance". European Raw Materials Alliance. European Raw Materials Alliance. Retrieved 21 June 2021.
  14. ^ a b "Jumbo steps for jumbo graphite project". Mining Review Africa. 20 November 2019. Retrieved 15 May 2021.
  15. ^ "Walkabout Secures US$20m Project Finance Facility for Lindi Jumbo Graphite". ABMEC. Retrieved 14 May 2021.

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