Proactive Investors – Walkabout Funded to Move to Next Level with Lindi Jumbo


Walkabout Resources Ltd (ASX:WKT) chairman Trevor Benson details for Proactive Investors the underwritten share placement plan which has netted the company $3 million to fast-track development of the Lindi Jumbo Graphite Project; the highest grade graphite project in East Africa. Recent results from drilling there will be modelled into to a resource upgrade, probably in December, and potentially a reserve upgrade after that. Benson explains that the company is “very keen” to put the project into production “as soon as possible” without diluting shareholders’ interests.