Walkabout Resources, through its wholly owned Namibian entity Aardvark Minerals (Proprietary) Ltd (ARV), has executed a binding Memorandum of Understanding (MoU) with a local Namibian company for a staged earn-in to an exclusive prospecting licence (EPL5691) in the Warmbad area of southern Namibia.
The licence is adjacent to, and directly to the south of the 100% owned Walkabout licence EPL6308 and will form part of the highly prospective Eureka Lithium project.
The addition of the licence to the project area further expands ARV’s commanding footprint to more than 2000 km2 in the highly prospective Orange River Pegmatite Belt (ORPB) in the Karas region of southern Namibia with the addition of a further 120 previously unmapped and un-sampled pegmatites on EPL5691.
Walkabout now controls 90 km of pegmatite strike length targeted for immediate initial exploration within the Eureka project.
Trevor Benson, Executive Chairman of Walkabout Resources, commented: “The inclusion of EPL5691 into the Eureka lithium project and more importantly the addition of vast amounts of previously unmapped and un-sampled pegmatites strengthens the company’s position and our intention is to assemble a dominant holding for lithium prospectivity within Namibia.”