Perth based African focussed energy minerals developer Walkabout Resources Ltd (ASX:WKT) is pleased to report that is has concluded a non-binding Strategic Sales and Purchase MOU with specialist European based graphite trading house GEORG H LUH GhmB.
The MOU calls for Georg H. Luh GmbH and WKT to promptly commence commercial discussions on a confidential basis to negotiate the contractual sale and purchase of graphite, in the amount of between 10,000 and 12,500 tonnes per year, across four series of purity and flake-size ranges commencing in 2018 and continuing. The Parties will also work together in other areas of product marketing and development, specifically in the area of high value graphite products.
Executive Director of Walkabout Resources, Allan Mulligan commented:
“Georg H. Luh GhmB is an established graphite industry player in Europe with an impressive track record of operating in the premium end of the graphite market. We are delighted to have established initial business relations with the Company and look forward to growing the alliance forward.”
About Georg H. Luh GhmB Georg H. Luh GhmB, based in Walluf, Germany, has been operating for over 80 years, is fully certified within the EU and also operates extensively in and across China. The trading house specialises in the marketing and development of premium flake graphite products, specifically in the fire retardant and foils area of expandable products as well as more traditional industrial uses. The Company also markets Mica products.