Walkabout Resources secures approval for licence in Namibia

23 November 2017 (Last Updated November 23rd, 2017 12:34)

Australian exploration company Walkabout Resources has secured approval from Namibia's Ministry of Mines and Energy (MME) for the second exclusive prospecting licence (EPL 6308) in the Southern African country. 

Australian exploration company Walkabout Resources has secured approval from Namibia’s Ministry of Mines and Energy (MME) for the second exclusive prospecting licence (EPL 6308) in the Southern African country.

The letter of grant was received through Walkabout’s wholly owned subsidiary Alro Investments Forty Nine.

The approval allows Walkabout to strengthen its presence in the Orange River Pegmatite Belt (ORPB) in the Karas region of southern Namibia, with the addition of 1,500km².

According to the company, in excess of 60 previously unmapped and un-sampled pegmatites have been documented on its licences.

Walkabout Resources executive chairman Trevor Benson said: “The team has been working very hard at securing these premium unexplored licences with 27km of known pegmatite swarms running through them.

“The team has been working very hard at securing these premium unexplored licences with 27km 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 programme, this can quickly be realised.”

The licence is located directly to the south of Walkabout’s EPL6309 that was granted in March this year.

Based on recent work in the region, it was determined that rock samples contained lithium-caesium-tantalum (LCT) type pegmatites with grades greater than 1.6% Li2O.

A joint initiative comprising the Council for Geoscience (South Africa) and the Geological Survey of Namibia recently published a mapping programme that delineated pegmatites with a combined strike length of 27 line kilometres.

Walkabout named the region comprising EPL6309 and EPL 6308 as the Eureka lithium project area.