Company type | Public |
---|---|
ASX: WKT | |
Industry | Resources[1] |
Predecessor | Nimrodel Resources |
Founded | 2011 |
Headquarters | |
Area served | Africa, British Isles |
Key people | Andrew Cunningham (chief executive)[2][3] Michael Elliott (non-executive chair)[2][3] |
Products | Graphite, base metals, gold |
Total assets | A$1,192,360 (2020)[4] |
Total equity | A$16,990,619 (2020)[4] |
Website | wkt |
Walkabout Resources is an Australian-based minerals developer with projects in Tanzania,[5] Northern Ireland,[6] Scotland[7] and Namibia.[8]
Founded in Perth, Western Australia, Walkabout Resources entered the Australian Securities Exchange in 2011 through a reverse listing with Nimrodel Resources.[9] The company’s stated goal is to explore and develop diverse mineral projects in Africa.[10]
Early exploration activity included the Takatokwane coal project in Botswana[11] and two projects in Tanzania – copper at Kigoma and platinum group elements at Makete.[9]
The company was accepted into the European Raw Materials Alliance in May 2021.[12][13]
Discovered in 2015, Walkabout Resources is developing the Lindi Jumbo graphite project in south-east Tanzania, 200km from the port of Mtwara.[14] The deposit contains high-grade (17.9% TGC) natural large flake graphite concentrate, with up to 50% of the total graphite in the premium priced super jumbo (+500 μm) and jumbo (+300 μm) categories.[14][7] Construction commenced in late 2021 with equity funding. US$20m of Debt funding with Gemcorp was secured in July 2023 and construction was due to be completed in late 2023.[15][5] 100% of graphite concentrate offtake has been contracted to Wogen International.
As of 2021, Walkabout Resources is carrying out exploration programmes for gold and base metals in Northern Ireland, Scotland and Tanzania.[8]