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Walkabout Resources Ltd bolsters board to help deliver development, production and growth

Walkabout Resources bolsters board to help deliver development, production and growth Experienced mining executives Phil Montgomery and Peter Finnimore have been appointed non-executive directors, effective immediately, with the new board structure comprising three independent non-executive directors. The company is also improving corporate governance by separating the role of chairman and CEO. Walkabout Resources Ltd (ASX:WKT) (FRA:N6D) has appointed two new non-executive directors to its board reflecting the completion of debt and companion equity funding for the construction of the Lindi Jumbo Graphite Mine in Tanzania. The company believes the appointment of Phil Montgomery and Peter Finnimore as non-executive directors is pivotal to the execution of the next phase of its development, bolstering the depth and breadth of skills.

Walkabout awards contracts to Tanzania s TNR for graphite project

Walkabout awards contracts to Tanzania s TNR for graphite project
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Walkabout Resources Ltd hires Tanzanian firm to help prepare Lindi Jumbo Graphite Project for production

Walkabout Resources hires Tanzanian firm to help prepare Lindi Jumbo Graphite Project for production TNR Engineering has been awarded the contract to provide bulk earthworks and civil engineering works at the mine. TNR’s Stellah Kimaro, Lindi Jumbo director Rachel Songo, TNR’s Terry Calavrias, Lindi Jumbo company secretary Ephraim Mrawa and TNR’s Joseph Watanda. Walkabout Resources Ltd (ASX:WKT) has taken the next step towards production at its flagship Lindi Jumbo Graphite Project in Tanzania, appointing local contractor TNR Engineering to undertake site preparation work. The value of the mobilisation agreement is about US$5.6 million and it aligns with Walkabout’s ‘local first’ policy and extensive due diligence process examining safety, experience and capabilities.

Walkabout Resources Ltd well on track to fully fund Lindi Jumbo Graphite Project into development and production

Walkabout Resources Ltd (ASX:WKT) is making great strides to secure the financing required to fully fund the Lindi Jumbo Graphite Project in Tanzania into development and production. The latest step has seen the company close a 1 for 10 non-renounceable entitlement issue with Walkabout to reel in more than $7.6 million in funding, with new shares slated for issue on July 12 and quotation set to occur the following day. During the raise, shareholders subscribed for just over 20 million of the 38 million shares on offer, raising slightly more than A$4 million. Walkabout’s entitlement offer was underwritten, meaning a suite of shareholder underwriters, including the company chairperson, will pick up more than 18 million shortfall shares between them to raise the full A$7.6 million.

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