Big Picture – A Deep Dive Examination of Walkabout Resources Ltd
Walkabout Resources Ltd Snapshot
Walkabout Resources Ltd is an African focused energy minerals developer, based in Western Australia and listed on the Australia Securities Exchange under stock code WKT. The Company strives to create shareholder growth through the discovery and development of products such as graphite and coal.
Lindi Jumbo Graphite Project
Lindi Jumbo Project
Walkabout (WKT) holds 100% of Mining Licence M638/2017 formerly part of prospecting licence PL9992/2014 which hosts the Lindi Jumbo Graphite Deposit, and 70% of PL9993/2014. Both licences are within the highly prospective Mozambique belt, a region that hosts some of the world’s highest grade, coarse flake graphite deposits. Walkabout’s Lindi Jumbo Graphite Project is situated in south-eastern Tanzania, approximately 200km from the export port of Mtwara. The company has taken the project from discovery in October 2015 to the completion of a highly robust Definitive Feasibility Study within 16 months and has been granted a mining lease over the deposit.
Eureka Lithium Project
Walkabout holds 100% of the prospecting rights over 2,000km2 in what is potentially one of the Namibia’s most prospective regions for lithium bearing pegmatites.
The project comprises two exploration prospecting licences EPL’s 6308 and 6309 located in the extreme south of Namibia approximately 25km north of the Orange River and the border of South Africa. It is also approximately 7km from the AIM listed Kennedy Ventures plc Namibia Tantalite Investment (NTI) Mine (former Tantalite Valley), where Lithium-Caesium-Tantalum (LCT) type pegmatites containing both lepidolite and spodumene lithium mineralisation with grades > 1.6% Li2O have been reported from rock samples.
Infrastructure (roads, rail, power and water) around the project area is well developed with the town of Karasburg approximately 40km to the northeast.
United Kingdom Projects
United Kingdom – Northern Ireland and Scotland Projects
Walkabout has expanded exploration operations into this highly prospective but under explored region with the acquisition of gold and base metal prospective licences and joint ventures. Walkabout is currently managing two main exploration joint ventures in the United Kingdom, one in Northern Ireland and the other in Scotland.
Takatokwane Coal Project
Walkabout’s Takatokwane thermal coal project is the largest in Botswana with an Inferred Resource of 6.88 Bt. The coal is flat lying with consistent wide seams of up to 20m thick and is amenable to the production of high volume, low cost power station coal feed‐stocks.
Takatokwane is located 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 Takatokwane Coal project consists of three licences and is managed by Walkabout.
Last updated 4th December 2018
Mr Benson has over 30 years’ experience within investment banking, stockbroking, large Australian corporates and the resources, oil and gas industry, including directorships of ASX listed companies. Prior to joining Strategic Capital Management as Executive Director and Executive Director of the ARIE FUND, an absolute return International Equity Fund, he held directorships at boutique investment banking organisations PCF Capital and Argonaut Capital, both based in Perth, Western Australia.
He has experience on numerous ASX listed company Boards both as Chairman and Director, and spent 12 years with UBS, including managing a $300m resource fund for overseas investors, and worked within the Treasury operations of Top 10 ASX listed corporations.
Mr Benson has cross border experience on Aim in UK and has listed numerous ASX companies including resources companies with assets in Africa, Europe and SE Asia, resources and oil and gas service companies, and managed and funded his own copper operation in Zambia. In addition he spent 2 years with a division of The Wood Group; a London based engineering oil services Company. Trevor holds a Bachelor of Science Degree from the University of Western Australia.
Allan Mulligan is a mining engineer with 30 years of mine management and production experience.
Allan has specialised in technical assessment and production economics, feasibilities, project design and costing of underground mines and prospects. He has worked extensively in exploration, mine development and operations across Africa and Australia and understands the value of Australian expertise and African opportunity.
Allan was a founding director of Walkabout Resources Pty Ltd. He has previously been on the board of several West Australian explorers.
NON EXECUTIVE DIRECTOR
Andrew Cunningham has a BSc Hons in Geology from the University of Stellenbosch in South Africa and is a member of the Australian Institute of Geosciences.
Andrew has extensive cross discipline technical and management experience in the minerals industry predominantly in Africa and Australia and has worked in a range of commodities and geological styles including uranium, iron ore, graphite, diamonds, gold and base metals.
During the last 18 years he has managed all facets of exploration and development projects in Africa from project generation to the completion of feasibility studies. He has held senior geology and exploration positions with major international mining companies as well as various ASX and TSX listed companies. Andrew has been working with Walkabout Resources Ltd since 2013 and brings a wide range of exploration, resource development, mine geology and management experience to the company.
NON EXECUTIVE DIRECTOR
Tom Murrell is recognised as an authority on investor and financial relations and has been the Managing Director of his own company, 8M Media and Communications for the past 18 years.
He has provided counsel to an elite group of companies listed on the Australian Stock Exchange ranging from Top 500 companies through to start-up biotechnology, medical and exploration companies.
He has been a Director of Investor Central, a Singapore-based financial news service since 2002.
A graduate of three Australian Universities, he gained his MBA from the University of Western Australia and is the immediate past President of the Business School’s Graduate Management Association (GMA) representing UWA MBA alumni.
Last updated 4th December 2018