Walkabout Resources Ltd's (ASX:WKT) shares soared 50% on massive volume, over 115 million shares traded, after confirming that test work at its Lindi Jumbo Graphite Project in Tanzania produced a super jumbo, high margin graphite concentrate.
The concentrate contained up to 25.7% super jumbo flakes at a grade of 95.6% total graphitic content (TGC).
These verified results place the project in a high class of revenue per tonne of saleable concentrate.
Super jumbo flake sizes are forecast by industry analyst Stormcrow to sell for US$6,000 per tonne by 2020.
Further optimisation work leading to bench scale test work will continue as the company moves to commissioning design of a modular style flotation plant later this year.
http://www.*.com.a...k-soared-50-leap-on-massive-volume-69012.html
:) Walkabout Resources Ltd's (ASX:WKT) shares soared 50% on...
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