Walkabout Resources Announces Submission of Lindi Jumbo Mining Licence Application

Walkabout Resources (ASX: WKT or Company) is pleased to announce that is has submitted a Mining Licence Application to the Ministry of Energy and Minerals of Tanzania. The Application has been prepared in compliance with the recently promulgated amendments to the Mining Act 2010 of Tanzania.

Currently, a moratorium on the award of any Mining Licences and Special Mining Licences is in force throughout Tanzania but the Company believes that the application will be processed administratively and then remain pending final amendment requirements pursuant to the new regulations due for publication and process.

The Directors remain confident of the award of a Mining Licence in compliance with the standard fiscal and regulatory requirements. As soon as the regulations have been finalised and are enforced, further discussion regarding the proposed 16% “free carry” will be progressed.

Project Update

The Company is also pleased to report that detailed design for the Lindi Jumbo Project is progressing in Yantai, China to the satisfaction of the Company.

The Company is finalising fixed price procurement and construction Agreements for the Chinese components of the process plant and utilities, in equipment and services that will make up the mine construction.

Click here to read the full text release. 

"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

Find out everything an investor needs to know about graphite investing. Click below to download a FREE industry report on the graphite market.
 

Get the Latest Graphite Investing Stock Information

Get the latest information about companies associated with Graphite Investing delivered directly to your inbox.

Graphite Production/Mining
Graphite Prospecting and Exploration
Graphite Resource Definition/Pre Feasibility
Graphite Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

Find out everything an investor needs to know about graphite investing. Click below to download a FREE industry report on the graphite market.
 
Comments

Leave a Reply