Big picture - Why invest in Walkabout Resources Ltd
Walkabout Resources Ltd Snapshot
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.
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.
(click here for more information on this project)
Kigoma Copper Project
The Kigoma Copper Project has been assembled through a collection of Joint Venture and Option to Purchase Agreements. As at July 2013, WKT controls a majority position in some 750 square kilometres of Prospecting and Primary Mining Licences.
The Project has been divided into a Copper Oxide Project which will seek to identify the mineralisation controls for the impressive incidence and grades of 3 types of oxide mineralisation; and a Copper Sulphide Project which will explore the regional environment and seek to define a sulphide ore deposit.
The Kigoma Copper Project area has attributes which are characteristic of geological environments generally referred to as sediment-hosted copper deposits. These deposits are associated sediments within intracratonic rift or fault bound troughs or are developed along basin margins or hosted in shallow marine basin settings. Some may have a significant basic igneous clast component within the sediments or are associated with eruptive lavas or intrusive dykes which may be a source of the copper.
Deposits in this class range from small to very large and the belts that host them contain some of the biggest accumulations of copper in the world. New discoveries of these deposits are still being made from new and ongoing exploration both inside and outside of the traditionally recognised mineralised domains. Examples from outside the Cu-belt domain include the major Kamoa deposit of Ivanplats (>750 million tonnes & 2.67% Cu) in the Democratic Republic of Congo (DRC).
Deposits range in age from Early Proterozoic to late Tertiary in age, but the largest of the deposits are hosted in Mid to Late Proterozoic to late Palaeozoic age sediment packages.
The deposits are all characterised by introduction of copper mineralisation after sedimentation of the host sediments. Cu-rich (chloride) brines percolating through the oxidised red beds underwent redox reduction by reaction with and replacement of pyrite in the reduced cap rocks. This resulted in precipitation of Cu-mineralisation, as sulphides, about the interface.
(click here for more projects)
Last updated 19th February 2016.
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
Tom Murrell is recognised as an authority on investor and finanical 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.
Non Executive Director
Andrew 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 15 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 since 2013 and brings a wide range of exploration, resource development, mine geology and management experience to the company.
Last updated 19th February 2016.