Ann: New extensive graphite zones at Lindi Jumbo-WKT.AX, page-2

Highlights

 New zone of at least 4km in strike identified 20km to the east of Gilbert Arc deposit at Lindi Jumbo.

 Very high grades up to 36.6% TGC in outcropping graphite schists.

 Knowledge learned from western exploration directly transferrable to eastern zone.
 High-grade mineralisation correlates directly with extensive and continuous EM conductors.
 Outcropping high grade zones are drilling target for Phase 2 exploration and follow on development potential.
 Objective is to discover more of the very-high grade, jumbo flake graphite near surface for drilling as a second phase but parallel development site.

Managing director of Walkabout Resources, Allan Mulligan commented; “Having taken the time to properly assess the regional potential at Lindi Jumbo, we are impressed at the extensive high grade graphite potential across many kilometres of outcrop in the eastern zone.” “There are no impediments to the establishment of a second or third phase of project development as soon as we have adequately de-risked phase one of the Lindi Jumbo Project. The high-grade and large flake nature of the project is the key competitive advantage the Lindi Jumbo Project has over others. This plus our field-proven experience gained so far gives us the potential to upscale into the eastern zone in a timely and efficient manner when required.”