Highly prospective lithium licence approved in Namibia
Tuesday, Nov 21, 2017

Walkabout Resources Ltd, through its wholly owned Namibian entity, Alro Investments Forty Nine (Pty) Ltd, has received a Letter of Grant for the second Exclusive Prospecting Licence (EPL 6308) located in southern Namibia by the Ministry of Mines and Energy (MME).

This gives Walkabout a commanding footprint in the highly prospective Orange River Pegmatite Belt (ORPB) in the Karas region of southern Namibia. More than 60 previously unmapped and un-sampled pegmatites have been documented on Walkabout licences that have not previously been exposed to modern exploration techniques for lithium.

The Project name is now amended to the Eureka Lithium Project in line with the proximity to the Eureka Shear Zone identified across the area.

Highlights

  • Known historic lithium occurrences on EPL6308.
  • Large footprint of more than 1,500km2 in the highly prospective and underexplored Orange River Pegmatite Belt of Namibia now held 100% by Walkabout.
  • Pegmatite swarms with a combined strike length of 27 line kilometres and individual pegmatite bodies up to 2km in length have been delineated.
  • Recent work by others in the region has confirmed the presence of LithiumCaesium-Tantalum (LCT) type pegmatites with grades > 1.6% Li2O reported from rock samples.
  • Brownfields mining area with legacy production from old tantalite and spodumene mines nearby.
  • Further opportunities to consolidate position in Namibia under negotiation.

Executive Chairman of Walkabout Resources, Trevor Benson commented;

“The team has been working very hard at securing these premium unexplored licences with 27 kilometres of known pegmatite swarms running through them. Our intention is to assemble a pre-dominant holding for lithium prospectivity within Namibia and with these licences now underpinning such a program, this can quickly be realised.”

For more information, please visit: http://www.wkt.com.au/

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