Australia's Walkabout climbs on graphite plant equipment shipment

Walkabout Resources

06/02/2023 02:01

** Shares of Walkabout Resources Ltd  WKT.AX  climb as much
as 15% to A$0.115, set to mark their best day since May 18, 2022
    ** Graphite miner says shipment of equipment for the ongoing
erection of its Lindi Jumbo graphite processing plant in
Tanzania resumes from China
    ** Says equipment will allow for the near completion of the
mechanical installation of the front-end of the processing plant
    ** Adds, payment for shipment deferred by the EPC contractor
for graphite mine, until funding is in place
    ** Stock posts its biggest intraday pct gain since Jan 19
    ** Stock down 29% this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))