Ann: Projects Update, page-157

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Walkabout Resources

Website: www.wkt.com.au
Primary ticker: ASX: WKT
Stage of development: Development
Primary minerals: Graphite, Lithium

Walkabout is currently developing the Lindi Jumbo Graphite Project in southern Tanzania and extensively exploring their licences in Namibia and Northern Ireland for lithium.
The quality of the graphite, independently tested in China as the highest grade and largest flake size distribution, has been the key to securing funding and off-take partners both in Germany and China.
The recently acquired tenements in Northern Ireland from Lonmin PLC has indicated previous gold occurrences and now cobalt results.
Management Profile
Trevor Benson – Executive Chairman
Trevor has a background in Investment Banking with extensive experience in Australia, Africa, and Europe and within China. He has specialised in cross border transactions primarily within the natural resources sector, including advisory roles with Chinese State Owned Enterprises (SOE’s). His specialist activities include corporate funding solutions.
What is your rationale for attending 121 Mining Investment?
We are continually looking to diversify our shareholder base, and attract interest from Asian based institutional investors, and corporates both listed and unlisted in HK and China and throughout SE Asia.
We have recently completed a capital raising totalling $10 million with participation from Chinese investors. Further opportunities will eventuate with Namibian and Northern Ireland exploration success.
What recent news would you like to highlight to investors attending?
Key milestones have been:
1/ Commencement of significant exploration programmes in Namibia and Northern Ireland.
2/ Early exploration results in Northern Ireland include cobalt and copper.
3/ Completion of capital raising secures $10m.
4/ Chinese investor take a 9% stake in Company.
5/ Awaiting Mining Licence approval in Tanzania.

What is the focus of your management team for the next 12 months, and what are the key milestones you are looking to reach that you think will add value to the business?
Successful exploration campaigns in Namibia and Northern Ireland and granting of mining licence in Tanzania.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these
Changes to the Tanzanian Mining Act has been a major challenge in terms of timing as to our mining licence approval. However, we are continuing to engage with equipment manufacturers in China and have sourced additional funding from Chinese. In addition we are engaged in major exploration programmes in Namibia and Northern Ireland.
In a sentence, what do you think makes your company such a compelling investment?
Our graphite project will produce the highest grade and largest flake size distribution in Tanzania. This is in increasing demand evidenced by the recent increase in graphite prices and the signing of our offtake agreements. In addition we have acquired very exciting exploration ground in Namibia and Northern Ireland with known lithium, cobalt, and gold occurrences. Tightly held register with focused management and directors controlling approx 10% of the Company.