Walkabout Resources

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Walkabout Resources
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]
(director of investor relations - former)[4][5]
ProductsGraphite, lithium, gold
Total assetsDecrease A$1,192,360 (2020)[6]
Total equityDecrease A$16,990,619 (2020)[6]
Websitewkt.com.au

Walkabout Resources is an Australian-based minerals developer with projects in Tanzania,[7] Northern Ireland,[8] Scotland[9] and Namibia.[10]

History[]

Founded in Perth, Western Australia, Walkabout Resources entered the Australian Securities Exchange in 2011 through a reverse listing with Nimrodel Resources.[11] The company’s stated goal is to explore and develop diverse mineral projects in Africa.[12]

Early exploration activity included the Takatokwane coal project in Botswana[13] and two projects in Tanzania – copper at Kigoma and platinum group elements at Makete.[11]

The company was accepted into the European Raw Materials Alliance in May 2021.[14][15]

Thomas Murrell was a board member and major shareholder of the company from May 2015 to March 2019,[16] helping to raise funds for and promote Walkabout's transition from a coal focus to graphite exploration in Tanzania.[17]

Operations[]

Lindi Jumbo[]

Walkabout Resources is developing the Lindi Jumbo graphite project in south-east Tanzania, 200km from the port of Mtwara.[18] The deposit contains high-grade natural large flake graphite concentrate, with up to 50% of the total graphite in the super jumbo (+500µm) and jumbo (+300µm) categories.[18][9] Debt funding with CRDB Bank of Tanzania was secured in April 2021 and construction is due to begin following the implementation of formal documentation.[19][7]

Other projects[]

As of 2021, Walkabout Resources is carrying out exploration programmes for gold and base metals in Northern Ireland, Scotland and Tanzania, and for lithium in Namibia.[10]

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. ^ "Thomas Murrell". Business News. Retrieved 21 September 2021.
  5. ^ "Thomas Murrell Profile". Bloomberg. Retrieved 21 September 2021.
  6. ^ a b "Walkabout Resources LTD: Interim Financial Report 31 December 2020". Walkabout Resources LTD. Retrieved 17 May 2021.
  7. ^ a b McKinnon, Stuart (24 May 202). "Walkabout presses button on Tanzanian graphite project". The West Australian. Retrieved 21 June 2021.
  8. ^ George, Tharun (27 September 2018). "Walkabout Resources identifies multiple targets for drilling in Northern Ireland". Proactive Investors. Retrieved 21 June 2021.
  9. ^ a b "Walkabout Resources". Business News. Business News. Retrieved 21 June 2021.
  10. ^ a b "Walkabout Resources Ltd". Australian Financial Review. Retrieved 21 June 2021.
  11. ^ a b "Allan Mulligan: Walkabout Resources". Resources Roadhouse. 2 May 2013. Retrieved 17 May 2021.
  12. ^ "BCM Member: Walkabout Resources LTD". Botswana Chamber of Mines. Retrieved 16 May 2021.
  13. ^ "Project profile: Walkabout Resources". World Coal. Retrieved 17 May 2021.
  14. ^ Simcock, Lisa (26 May 2021). "Walkabout Resources (ASX:WKT) joins European Raw Materials Alliance". The Market Herald. Retrieved 21 June 2021.
  15. ^ "Network - European Raw Materials Alliance". European Raw Materials Alliance. European Raw Materials Alliance. Retrieved 21 June 2021.
  16. ^ "Board Moves March 15 2019". Business News. 26 May 2021. Retrieved 21 September 2021.
  17. ^ Piper, Dominic. "Walkabout Strides Across Continents". Australia's Paydirt (April 2018): 39. Retrieved 21 September 2021.
  18. ^ a b "Jumbo steps for jumbo graphite project". Mining Review Africa. 20 November 2019. Retrieved 15 May 2021.
  19. ^ "Walkabout Secures US$20m Project Finance Facility for Lindi Jumbo Graphite". ABMEC. Retrieved 14 May 2021.

External links[]

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