April 2 (Reuters) - Walkabout Resources Ltd WKT.AX :
* WALKABOUT RESOURCES ANNOUNCES FORMAL SIGNING OF FIRST BINDING OFFTAKE TERM SHEET WITH EXPANDABLE GRAPHITE PRODUCER, INNER MONGOLIA QIANXIN GRAPHITE CO
* AGREEMENT SECURES SALE OF UP TO 50% OF PLANNED ANNUAL PRODUCTION FOR FIRST THREE YEARS
* BINDING TERMS ARE TO DELIVER A MINIMUM OF 10,000 TONNES AND A MAXIMUM OF 20,000 TONNES PER ANNUM OF FLAKE GRAPHITE TO IMQG