Walkabout Resources (ASX:WKT) - Incoming COO, Allan Mulligan (centre)
Incoming COO, Allan Mulligan (centre)
Source: Walkabout Resources
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  • Walkabout Resources (WKT) has been accepted into the European Raw Materials Alliance (ERMA)
  • The ERMA was formed in 2020 and aims to diversify and secure raw materials from Third World countries, removing distortions to international trade
  • Walkabout is developing the high-grade Lindi Jumbo Graphite Project in southeast Tanzania, which has the potential to be the second-highest margin graphite project in the world
  • On the market this morning, Walkabout is trading in the grey at 18 cents

Walkabout Resources (WKT) has been accepted into the European Raw Materials Alliance (ERMA).

The ERMA was formed in 2020 and aims to diversify and secure raw materials
from Third World countries, removing distortions to international trade.

The membership will allow the company to collaborate with European Union ender users, while aligning with Walkabout’s commitment to improving the resilience of critical supply chains and energy security.

Walkabout is developing the high-grade Lindi Jumbo Graphite Project in southeast Tanzania, which has the potential to be the second-highest margin graphite project in the world.

With graphite included on the 2020 European Commission’s list of 30 critical raw materials and Lindi Jumbo’s potential.

CEO Andrew Cunningham commented: “With prestart construction activity underway at our Lindi Jumbo Graphite Mine, and with natural graphite named one of 30 critical raw materials on the European Commission’s list in 2020, the company is delighted to be accepted into the European Raw Materials Alliance.

“The alliance is the ideal platform to collaborate with industry specialists in Europe and to support efforts to secure future supply of an alternative new source of graphite through strategic partnerships while making a lasting and meaningful economic contribution to the region of origin.”

On the market this morning, Walkabout is trading in the grey at 18 cents at 10:38 am AEST.

WKT by the numbers
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