Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Walkabout Resources increasing share price attracts ASX speeding ticket

Proactive Investors Monday, 20 August 2018
Walkabout Resources Ltd (ASX:WKT) has increased almost 34% to 16.5 cents in the past week on strong volume prompting the ASX to issue a speeding ticket. From 12 cents last Tuesday and 14 cents at close on Thursday, the shares continued to rise today. Responding to the ASX price and volume query, the company said that there was no information that had not been announced to the market. READ: Walkabout Resources continues to progress Lindi Graphite Project in Tanzania Walkabout stated that there has been an update to the status of a mining licence application for its Lindi Jumbo Graphite Project in Tanzania from ‘application’ to ‘application recommended’. The status has been updated on the Tanzanian Ministry of Minerals online Cadastral system. However, the company said this was just one step in the approvals process and it did not indicate final approval of the mining licence. Walkabout has recently been drilling several hydrological well-holes in the vicinity of the planned mine and plant-site at the project in southern Tanzania.   It has also been undertaking a modest resource upgrade drilling and trenching program over the northern portion of the existing resource to upgrade it to the indicated and/or measured status. In Namibia, the Ministry of Mines and Energy has indicated that renewal of Walkabout’s licence is imminent and this will allow the company to progress with a detailed assessment of the target areas. The company is also expecting results from an electromagnetic survey recently undertaken on the Tyrone JV in Northern Ireland.

Recent related news from verified sources

The Syrah Resources share price is down 30% this year: Is now the time to buy?

The Syrah Resources Ltd (ASX: SYR) share price has fallen more than 30% so far this year and is currently trading at $1.06 per share – so is it time to buy the...
Motley Fool

Bannerman Resources responds to ASX query on price and volume increase

Bannerman Resources Ltd (ASX:BMN) received a query from the ASX today related to the company’s shares rising from 3.9 cents at the close of trading on Monday,...
Proactive Investors Also reported by •Motley Fool

S&P/ ASX 200 member Eclipx just saw its share price fall 56% in a day

The Eclipx Group Ltd (ASX:ECX) share price fell after McMillan Shakespeare Limited (ASX:MMS) halted its takeover offer.
Motley Fool

IPH share price higher after Xenith rejects proposal

The IPH Limited (ASX: IPH) share price has fallen this morning after the Xenith IP Group Limited (ASX: XIP) rejected the company’s proposal to acquire Xenith.
Motley Fool

You Might Like

Tweets about this

Other recent news in Business

Anatara Lifesciences transitions gut HEALTH focus from animals to humansBlackham Resources outlines $25.8 MILLION rights issue to unlock gold production growth
Right-wing extremism has a long history in AUSTRALIALongtable Group welcomes launch of new PRODUCTS for Paris Creek Farms and Maggie Beer
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.