WKT 0.00% 13.0¢ walkabout resources ltd

GL77 With so much excitement being generated over past weeks and...

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    GL77 With so much excitement being generated over past weeks and funding to kick start our Namibia Lithium project in January our immediate prospect for re-rate appear imminent.What will those drill results and fly over in January do for our share price.

    The focus on Lindi project currently ready for development subject to mining license now due.To recap Walkabout Resource only drilled a small potion of this license 9992/2014 and made a strategic decision not to expand the project but bring it to market.The higher NPV of this project has not been realized to date nor prioritized with an objective to bring it to market.

    With this approach Walkabout Resource have turned disadvantage to advantage now with a quick time plant build and a couple of huts and cashew trees to be compensated. Equator principles is a compelling document but with no need to move a village displacing many residence this would be considered entirely unnecessary. One can see why one had to take this path while another can concentrate on development...The first Quarter 2018 Lindi should be in full on rapid development.

    Not only does WKT have fewer issues re equator principles it also has superior quality to all peers.More economical to mine modeled a 10 meter cut off depth using a high 8% cut off grade. Currently rated Best in Class highly suitable for both battery and premium expandable markets there should be no shortage of off-take. China have smaller flake but not the more valuable flake that WKT will export to market.

    With current results still not confirmed by BGrimm other than tested as expected could these now really be 32% TGC feed grade... If this is the case we will have grade upside smashing ROM cost. Further of take contracts can not be ignored either which will also reduce ROM and increase revenue...

    A couple of slides just for those that don't get to read all the finer detail...For those have studied the DFS will note that a 1000 TPD was used but whats this photo from J/V web site suggest....

    3000TPD directional arrow.png Ausie.png
    Such an exciting time for Walkabout Resource Holders with so much going on an expected material news flow...

    Croc
 
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