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Walkabout Resources Ltd.
Summary
| Project: | Lindi | |
|---|---|---|
| Deposit: | Lindi Jumbo | |
| Location: | Tanzania | |
| Commodities: | Graphite | |
| Date: | 12/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 19-12-2018: Walkabout Resources Ltd. announces a Resource Estimation report for its Lindi Jumbo deposit at the Lindi project. Updated mineral resource estimate at the project. Walkabout Resources Ltd (ASX:WKT) is pleased to announce an upgraded JORC 2012 | |
| Resources: | (Resource, Total): 41.8Mt @ 10.8% TGC for 4.5Mt graphite contained | |
| CP/QP: | [Resources]: Lauritz Barnes, Aidan Platel, Andrew Cunningham, Bianca Manzi (Trepanier Pty Ltd.;Independent;Internal) | |
| ABSTRACT: | Walkabout Resources Ltd (ASX:WKT) is pleased to announce an upgraded JORC 2012 Measured, Indicated and Inferred Mineral Resource at the Lindi Jumbo Graphite Project in south eastern Tanzania. The Resource was calculated by independent geological consultancy, Trepanier Pty Ltd. Technical Director of Walkabout Resources, Andrew Cunningham commented, “The Gilbert Arc Deposit at Lindi Jumbo continues to deliver value for our shareholders and the unique, very high-grade domains from surface are one of the factors that makes this deposit the stand out project amongst its graphite peers in East Africa. We look forward to the upcoming mining studies and amended DFS which will include the extended high-grade zones from surface.” A drilling and trenching program was conducted over the northern Inferred Mineral Resource area as well as a new mineralised zone directly to the south of the Gilberts Arc Graphite Deposit. The upgrade and extension program included 17 drillholes for 1,354m and 7 trenches for 654m. The global Mineral Resource increased by 41.3% to 41.8 million tonnes at 10.8% TGC containing 4.5 million tonnes of graphite (Table 1). Fifty one percent (51%) of the mineral resource that will form part of the initial mining and economic studies is now classified as Measured (6.5 Mt @ 12.1% TGC) and Indicated (8.4 Mt @ 10.5% TGC) containing 6.6 million tonnes of graphite. The global mineral resource now includes a new Inferred Resource area which lies directly to the south of the current planned open-pit area and is made up of 6 distinct mineralised domains (Figure 1). This area will not form part of the upcoming mining studies, amended DFS and Reserve upgrade as further work within the area will only be done post-production | |
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