Walkabout Resources Limited - June 2016 Report

Walkabout Resources’ focus is on fast tracking development of its Lindi Jumbo Graphite Project. Results to date indicate excellent potential to delineate a high quality resource, producing a high value concentrate. Preliminary metallurgical testwork has generated a concentrate that is comparable to, or better quality than, other African projects. The project is adjacent to Magnis’ Nachu Project and is well served by infrastructure, which will significantly help to minimise capital and operating costs of any operation. The Company has also brought lithium into the mix through two early stage exploration projects - Haneti in Tanzania and Strathmore in Namibia. Both of these are close to transport infrastructure and towns, and located in areas of known lithium bearing pegmatite occurrences. We rate Walkabout as a SPECULATIVE BUY, with near term price movers being ongoing positive results from Lindi and the lithium properties results will include those from the upcoming 1,500m drilling programme at Lindi. Download the report for more information...

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