Australia's Evolution Energy surges on Tanzania graphite project study results

Evolution Energy Minerals

20/03/2023 01:01

** Shares of Evolution Energy Ltd  EV1.AX  rise as much as
21.6% to A$0.310, their highest since March 8
    ** Mineral explorer says results of front-end engineering
design (FEED) and updated definitive feasibility study (DFS) on
Chilalo Graphite Project in Tanzania are out
    ** Adds results confirm Chilalo as a standout high-margin,
low-capex and development-ready graphite project
    ** Stock posts its biggest intraday pct gain since March 8
    ** More than 825,000 shares change hands, vs the 30-day
average volume of 187,000 shares
    ** Stock had risen 13.3% this year, as of last close

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@thomsonreuters.com))