Australia's WA Kaolin eyes best day in nearly 16 weeks on LNG supply deal

WA Kaolin

26/05/2021 02:47

** Shares of WA Kaolin  WAK.AX  jump as much as 10.8% to
A$0.205, marking their best day since Feb. 5
    ** Mineral explorer signs a 15-year contract with Mid-West
LNG Pty Ltd, a group co of Clean Energy Fuels Australia
 urn:newsml:reuters.com:*:nASN0018KL
    ** Says contract for the supply of Liquefied Natural Gas
(LNG) for the co's Wickepin Kaolin Project in Western Australia 
    ** Co says supply of LNG will be used to fire the rotary
kiln at Wickepin that dries the kaolin ore, which is the first
step in the co's proprietary K99 dry processing method
    ** WAK hits highest since Feb. 11
    ** Stock up 8.8% YTD as of last close
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))