STTCOMP WKT, FA Long
Market cap: 16M
Share Price: 11c
Company Profile
Walkabout Resources Limited (WKT) is an African focused energy minerals developer, based in Western Australia. The companies focus is on the Lindi Jumbo Graphite Project in Tanzania.
WKT news today. After a lukewarm reception , people started to buy later in the day. I liked this part of the ann.
• Pegmatite swarms with a combined strike length of 27 line kilometres and individual pegmatite bodies up to 2km in length have been delineated.
Highly prospective lithium licence approved in Namibia
Walkabout Resources Ltd, through its wholly owned Namibian entity, Alro Investments Forty Nine (Pty) Ltd, has received a Letter of Grant for the second Exclusive Prospecting Licence (EPL 6308) located in southern Namibia by the Ministry of Mines and Energy (MME).
This gives Walkabout a commanding footprint in the highly prospective Orange River Pegmatite Belt (ORPB) in the Karas region of southern Namibia. More than 60 previously unmapped and un-sampled pegmatites have been documented on Walkabout licences that have not previously been exposed to modern exploration techniques for lithium.
The Project name is now amended to the Eureka Lithium Project in line with the proximity to the Eureka Shear Zone identified across the area.
Highlights
• Known historic lithium occurrences on EPL6308.
• Large footprint of more than 1,500km2 in the highly prospective and under-explored Orange River Pegmatite Belt of Namibia now held 100% by Walkabout.
• Pegmatite swarms with a combined strike length of 27 line kilometres and individual pegmatite bodies up to 2km in length have been delineated.
• Recent work by others in the region has confirmed the presence of Lithium-Caesium-Tantalum (LCT) type pegmatites with grades > 1.6% Li2O reported from rock samples.
• Brownfields mining area with legacy production from old tantalite and spodumene mines nearby.
• Further opportunities to consolidate position in Namibia under negotiation.
