Tanzania - Walkabout Resources, the ASX-listed African-focused junior explorer has announced high grade assays of up to 44% Total Graphitic Carbon (TGC) at its Lindi Jumbo graphite project in south eastern Tanzania.
The grab and dig samples across large outcrop areas and pits on three of the four licences covered a strike distance of some 25 km and returned TGC grades up to 43.8% TGC. The highest grades were on the tenement located nearest to the Nachu graphite project (PL9992/2014) some 75 km to the west of the coastal town of Lindi.
Of eleven samples from PL9992/2014, six (54%) yielded grades above 7.5% TGC. Seven samples from PL9993/2014, 20 km further to the east ranged up to 36.8% TGC with four samples (57%) returning grades above 7.5% and three samples (43%) returning grades in excess of 16% TGC.
Eight samples were drawn from PL 9994/2014, a further 5 km to the east and 5 km to the north and these ranged between 6.1% and 19.3% TGC with four (50%) samples grading above 7.5% TGC. Interesting vanadium results were obtained and these will be followed up during exploration.
“The large number of samples returned above 10% TGC and the wide distribution across many kilometres of strike is very reassuring. We await the impending final metallurgy and flake size results with anticipation,” says MD Allan Mulligan.
Walkabout Resources has also executed a binding Memorandum of Understanding for its Lindi Jumbo graphite project. One of the licences is contiguous to the Nachu graphite project being developed in the area, which has attracted A$150 million in investment.
The company will fast-track an exploration and metallurgical test work program at Lindi Jumbo in order to define a suitable Inferred Resource. The unusually generous distribution of large (>180μ and <300μ) and jumbo (>300μ) flake sizes present in the area command a premium price in international graphite markets.
“In spite of the large number of graphite projects under exploration around the world, products in the jumbo category are expected to remain in strong demand through to 2020 and we intend to expedite our programme as quickly as possible to take advantage of this opportunity,” Mulligan concludes.
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