Lindi Jumbo Graphite Project
The Lindi Jumbo Graphite Project is located some 60km to the west of the port of Lindi south-eastern Tanzania. A sixty kilometre sealed road links Lindi to the southern port of Mtwara. Walkabout Resources Ltd (ASX:WKT) has exeutied an MOU to Joint Venture with a Tanzanian mineral rights holder for a 70% staged purase in four Prospecting Licences contiguous to the Nachu graphite licence and Ruangwa graphite licence of Magnis Resources Limited (formerly known as Uranex Limited).
Perth-based African-focussed Walkabout Resources (ASX:WKT) is actively exploring for coal and graphite. The flagship Takatokwane thermal coal asset is the largest in Botswana with an Inferred Resource of 6.88 Bt of thermal coal at a 52% yield giving a washed resource of 3.6 Bt (1.63 SG, washed coal) with a CV of 5.350 kcal/kg.
In south eastern Tanzania, at the Lindi Jumbo Project a low cost entry approach will seek to capitalise on exceptional flake graphite present in the area.
At Kigoma in western Tanzania, our highly interesting copper project will be pursued once market conditions improve.