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Walkabout applies for 3 lithium-tantalum prospecting licenses in Tanzania

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Walkabout applies for 3 lithium-tantalum prospecting licenses in Tanzania

Perth, Australia-basedWalkabout Resources Ltd.said April 7 that it has filed applications for three prospecting licenses in aknown lithium-tantalum setting in Tanzania.

The company hassubmitted the applications to the Department of Mines and Energy. The three tenementscover 475 square kilometers located in the Haneti area and are close to existinginfrastructure.

The tenements aresituated in a highly prospective lithium-tantalum corridor where historical mappingreported pegmatite-hosted lithium occurrences found to be more widespread than previouslyrecorded, the company said.

Initial reconnaissancemapping, sampling and trenching by others in the immediate vicinity have uncoveredpegmatites up to 700 meters in length with grades up to 5.2% lithium oxide and 0.18%tantalum oxide.

Walkabout's applicationsare contiguous to and along strike from the tenements that host the high-grade lithium-and tantalum-rich pegmatites of the Mohangaproject operated by an ASX-listed exploration company.

The company alsosaid that, upon the approval of the license applications, the exploration programat the site will be carried out by in-country contract personnel not currently involvedwith the Lindi graphiteproject.

Walkabout has beenactively reviewing suitable diversification and growth opportunities within thelithium-tantalum sector to complement its high-grade Lindi project. The lithiumexploration is complementary to the company's development strategy of securing,exploring and developing raw materials required for the production of lithium-ionbatteries.