Takatokwane Coal Project
Takatokwane is the company's most advanced project and our focus.
Takatokwane is located just 195km from the Botswana capital, Gaborone, in the southern belt of the Central Kalahari Sub-Basin and is directly accessible by a well-maintained bitumen road. The area was previously drilled by BP Coal Botswana Exploration in the 1970’s and more recently, by Homeland Mining in 2008.
Takatokwane has one tenement: PL035/2007 which consits of 500km2 land holding and is 100% owned by Wizard Investments (Pty) Ltd> Walkabout Resources Ltd (WKT) has earned 70% of Wizard Investments (Pty) Ltd through its work on the ground to date.
Takatokwane South consists of two tenements: PL157/2009 and PL160/2009; and is 100% owned by Triprop Energy (Pty) Ltd. WKT has a 40% interest and is earning 65% of Triprop Energy (Pty) Ltd.
In August 2012 the Company announced an upgrade to the maiden JORC Inferred Resource giving a combined total of 6.88 billion tonnes of raw coal and a washed Resource of some 3.6 billion tonnes.
In April 2013, the Company announced an Indicated Resource of 478 million tonnes within the Target Mining Area.
Phase 2 Drilling
Completion of Phase 2 drilling over a targeted zone where shallow and thicker coal seams coincide with a lower incidence of sulphur, highlight a large area that will be amenable to large scale surface and strip mining methods. This is now designated as the Target Mining Area.
In April 2013, the Company commenced with a Pre-feasibility Study over the combined Takatokwane Project. Results for this study are expected in Q1/Q2 of 2014.
JORC Resources areas and locations of Indicated Resource drilling
Indicated Resource drilling areas within the Target Mining Area.