Articles On Walkabout Resources (ASX:WKT)

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium. With some 85 per cent of the world’s cobalt originating from jurisdictions with higher levels of co...

Walkabout Resources Ltd (ASX: WKT) shares are tanking 12% in midday trade after the company announced some changes to its senior management team. After opening today’s session at 37.5 cents, the Walkabout share price is currently trading a...

The company has secured debt funding for its Tanzanian graphite project and is restructuring to best position itself for the next phase of development.

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

Source:Vladimir Nenezic, Shutterstock   Summary Galaxy Resources (ASX:GXY) on Wednesday said that it had raised resource estimates at its Sal de Vida project. The lift in estimates following new wellfield drilling in the east sub-bas...

Source:whiteMocca, Shutterstock Summary As stock market rebounds, tech sector provides an attractive option to investors. The sector includes several companies with potential to give high returns over the next decade. Afterpay Ltd an...

Source: Sunshine Seeds, Shutterstock Summary Walkabout Resources (ASX: WKT) has secured a debt funding facility from a Tanzanian bank. The interim debt facility is a major milestone in the construction of fully owned Lindi graphite mi...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

The total cost of the project is estimated to be around US$32 million, and the debt facility will meet 62.5% of the project cost.

The Walkabout Resources (ASX: WKT) share price is shooting up today after the company announced a US$20 million project debt facility. The debt facility secured with CRDB Bank of Tanzania was the final step needed before beginning construc...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

After six trading days in a row in the green, the ASX finished lower today. The ASX 200 lost 0.30 per cent closing at 6,974 points while the ASX Emerging Companies Index lost 1.08 per cent – closing at 2,070. The best sectors were health an...

Small caps have gained for a sixth straight day, even as their larger peers declined. The Small Ordinaries index of Australia’s 101st to 300th biggest companies finished the week up 6.7 points, or 0.2 per cent, to a fresh 13-year high of 3,...

Source: sitthiphong, Shutterstock The bulls have lost momentum today after a good couple of back to back gaining trading days. The benchmark index ASX 200 traded lower today. By lunchtime, it lost 28.20 points and traded at 6970.60, a decl...

Active restocking by battery manufacturers has sent prices of battery-grade lithium chemicals soaring thanks to tight supplies. Fastmarkets noted that domestic Chinese lithium hydroxide prices climbed 4.1 per cent in a week to between 73,00...

By 2030, UBS predicts we’ll need a lot of manganese, lithium, cobalt, rare earths, nickel and copper if car makers are to hit some very ambitious production targets. They estimate EV penetration increasing from 4 per cent currently to 20 pe...

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths and vanadium.   Fun fact: There have been a dozen +11-bagger ASX battery metal stocks over the past 12 months. The...

While the facility term sheet has several conditions precedent before it becomes binding, the company notes that this term sheet has already received initial bank approval.

Seven high-priority gold anomalies coincident with structures and geological contacts have been flagged for immediate follow-up and additional artisanal diggings for alluvial gold have been identified up to 10 kilometres outside of historic...

The company is also focused on the exploration and development of its highly prospective suite of base metal and gold tenements in Scotland and Northern Ireland.

“Trevor’s contribution to funding the company and the project has been significant and the board thanks him for his efforts,” says chairman Allan Mulligan.

Earlier this month, Walkabout secured exploration tenure over a highly prospective, underexplored gold region in southwest Tanzania.

The company will continue to advance the Scottish prospects into what it believes could be valuable exploration projects in their own right.

Walkabout considers this project to be a valuable addition to its diverse mineral exploration portfolio in Africa and the UK.

The company is focused on meeting loan security requirements to progress negotiations with an African development bank.

Plans are well advanced to begin drilling and following the successful ground geophysical program, further ground geophysics and close-spaced soil sampling is planned along strike of the original target area.

The company has been negotiating with a preferred African based bank in regard to securing a binding term sheet.

The Barrick-Tanzania deal sets a new government-endorsed standard and establishes a workable model for foreign direct investment in mining in the East African country.

Options that expired 31 December 2019 have been exercised providing a cash injection for the company.

Beside nickel – which is up more than 20 per cent over 2019 – battery metals like lithium, cobalt and graphite have struggled for traction this year. Globally, producers have seen billions of dollars collectively wiped from their market cap...

Redbubble (ASX:RBL) shares had been on a solid run for the last four months, nearly hitting $2. One of the major catalysts was a positive September quarter. But the stock was sent crashing back to earth this morning with news this quarter w...

The funding process has involved management presentations to global investors and subsequent due diligence.

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Non-executive director Michael Elliott’s participation in a placement has been approved by shareholders.

Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.   INDUSTRY FOCUS The evidence is mounting. For lithium prices — and accompanying sent...

TANZANIA-focused graphite hopeful Walkabout Resources is seeking to tap global capital markets for US$40 million in the form of a loan note issue, ...

Walkabout aims to raise the capital through the issue of secured five-year loan notes, which will pay the holders quarterly interest.

The shareholder funding package could also bring in $9 million of funding from the exercise of options.

Walkabout Resources has questioned the accuracy of reports that spot prices for all graphite flake sizes in China have experienced a “sudden and material decrease”. China is the world’s largest consumer and producer of natural graphite. The...

Due diligence activities related to project funding are nearing completion.

No, its not photoshopped. This ratfish was caught in deep water in northern Norway. It’s no blue whale, but its got enormous eyes to help it see in the darkness below. It may look scary but it is completely harmless — it feeds mainly on cra...

Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.   INDUSTRY FOCUS “The capacity of conventional lithium-ion batteries has been develop...

Special Report: Besides having some potentially lucrative iron ore projects, Strike Resources also has a lithium project that could rival Orocobre’s Salar de Olaroz mine in Argentina. Strike’s (ASX:SRK) project is located in the heart of S...

Galena Mining (ASX:G1A) has hit high grades of up to 24 per cent lead at its Abra project in Western Australia, but has also unearthed its highest grade of silver ever of 457 grams per tonne (g/t). Over 10 per cent lead is generally conside...

In the recent events, Silver outperformed Gold in the international market and the prices breached the psychological level of USD 17.0. While the gold prices are encashing the leverage of global uncertainties, silver prices are riding high...

Fortescue Metals Group, Mount Gibson Iron and Silver Lake Resources are the three companies to experience the largest market capitalisation growth in the 2019 financial year, according to the Deloitte Western Australian Index. Gold miner Si...

Money Talks is Stockhead’s regular drill down into what stocks investors are looking at right now. We’ll tap our extensive list of experts to see what’s hot, their top picks and what they’re looking out for. Today, we hear from Gavin Wendt,...

ShareCafeWalkabout Moves Closer To Funding For Lindi Jumbo Project Walkabout Resources – (ASX: WKT, Share Price: $0.39, Market Cap: $123m, coverage initiated @ $0.12 in April 2016 – current gain of 225%) Key Catalyst Work advancing on secu...

Funding options are being negotiated with related due diligence reviews already underway.

This week I took a look at the 10 best-performing large cap and mid cap shares so far in 2019. Out of the large caps only two had managed to double in 2019 including Magellan Financial Group Ltd (ASX: MFG) and Fortescue Metals Group Limite...