Walkabout Resources
| Company type | Public |
|---|---|
| ASX: WKT | |
| Industry | Resources[1] |
| Predecessor | Nimrodel Resources |
| Founded | 2011 |
| Headquarters | |
Area served | Africa, British Isles |
Key people | Andrew Cunningham (chief executive)[2][3] Michael Elliott (non-executive chair)[2][3] |
| Products | Graphite, base metals, gold |
| Total assets |  A$1,192,360 (2020)[4] |
| Total equity | A$16,990,619 (2020)[4] |
| Website | wkt |
Walkabout Resources is an Australian-based minerals developer with projects in Tanzania,[5] Northern Ireland,[6] Scotland[7] and Namibia.[8]
History[edit]
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[edit]
Lindi Jumbo[edit]
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 (+500µm) and jumbo (+300µm) 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[edit]
As of 2021, Walkabout Resources is carrying out exploration programmes for gold and base metals in Northern Ireland, Scotland and Tanzania.[8]
References[edit]
- ^ Collett, John (27 May 2018). "Ellis shoots ahead on Walkabout Resources". Sydney Morning Herald. Retrieved 21 June 2021.
- ^ a b Seymour, Julia (21 April 2021). "Walkabout Resources (ASX:WKT) reshuffles executive board". The Market Herald. Retrieved 21 June 2021.
- ^ a b "Andrew Cunningham, Walkabout Resources LTD: Profile". Bloomberg. Bloomberg. Retrieved 21 June 2021.
- ^ a b "Walkabout Resources LTD: Interim Financial Report 31 December 2020". Walkabout Resources LTD. Retrieved 17 May 2021.
- ^ a b McKinnon, Stuart (24 May 202). "Walkabout presses button on Tanzanian graphite project". The West Australian. Retrieved 21 June 2021.
- ^ George, Tharun (27 September 2018). "Walkabout Resources identifies multiple targets for drilling in Northern Ireland". Proactive Investors. Retrieved 21 June 2021.
- ^ a b "Walkabout Resources". Business News. Retrieved 21 June 2021.
- ^ a b "Walkabout Resources Ltd". Australian Financial Review. Retrieved 21 June 2021.
- ^ a b "Allan Mulligan: Walkabout Resources". Resources Roadhouse. 2 May 2013. Retrieved 17 May 2021.
- ^ "BCM Member: Walkabout Resources LTD". Botswana Chamber of Mines. Retrieved 16 May 2021.
- ^ "Project profile: Walkabout Resources". World Coal. Retrieved 17 May 2021.
- ^ Simcock, Lisa (26 May 2021). "Walkabout Resources (ASX:WKT) joins European Raw Materials Alliance". The Market Herald. Retrieved 21 June 2021.
- ^ "Network - European Raw Materials Alliance". European Raw Materials Alliance. European Raw Materials Alliance. Retrieved 21 June 2021.
- ^ a b "Jumbo steps for jumbo graphite project". Mining Review Africa. 20 November 2019. Retrieved 15 May 2021.
- ^ "Walkabout Secures US$20m Project Finance Facility for Lindi Jumbo Graphite". ABMEC. Retrieved 14 May 2021.
External links[edit]