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Walkabout Resources Ltd.
Summary
| Project: | Lindi | |
|---|---|---|
| Deposit: | Lindi Jumbo | |
| Location: | Tanzania | |
| Commodities: | Graphite | |
| Date: | 2/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 28-2-2019: Walkabout Resources Ltd. announces a Resource Estimation report for its Lindi Jumbo deposit at the Lindi project. Updated Ore Reserve delivers 17.9% graphite grade. Emerging African graphite producer Walkabout Resources (ASX:WKT) is pleased to | |
| Resources: | (Reserve, P+P): 5.51Mt @ 17.9% TGC for 987Kt Graphite contained | |
| CP/QP: | [Overall Report]: Clive Wyndham Brown (Bara Consulting Ltd.) | |
| ABSTRACT: | Emerging African graphite producer Walkabout Resources (ASX:WKT) is pleased to announce a substantial upgrade to the Ore Reserve for its highgrade Lindi Jumbo graphite project. There is a high degree of confidence in the Reserve with only Measured and Indicated Resources being used in the calculation. The potential for further upside in the resource endowment is inherent in both the Inferred Resources and recent discovery to the south of the pit (announcement dated 19 Dec 2018). The upgraded Ore Reserve forms the basis of review and improved outcomes for the Definitive Feasibility Study (DFS), which is due to be released shortly. Executive Director, Allan Mulligan commented; “In the mining industry ‘grade is king’ and we have successfully delivered our objective to validate Lindi Jumbo as the highest-grade graphite project in our peer group.” “The super-high-grade mill feed means that Lindi Jumbo is an incredibly robust project and positions the Company to deliver the largest margins in the Industry. This gives Walkabout the ability to take advantage of opportunities for increased market share as well as providing a meaningful downside protection. Our goal continues to be the non-China producer-of-choice for premium large-flake natural graphite.” “Importantly, we see the potential for further upside in several areas, including the ability to produce and sell more graphite than designed for and also expanding into not-yet utilised high-grade deposits to the south and bringing those to account.” | |
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