Walkabout Resources Ltd on track at Lindi Jumbo Graphite Project with multiple contractors active proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Australian graphite players looking to produce high-value material used in everything from pencils to batteries and solar panels proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
S&P/ASX 200 slips as investors fear a COVID-19 resurgence
Brent crude gained 0.6% to US$69.00 a barrel on Tuesday after slumping around 7% in the previous session. Dow Jones index in the US tumbled 700 points on Monday for its worst drop since October.
S&P/ASX 200 (INDEXASX:XJO) has slipped for a second day, with the index easing by 0.12% to 7,277 points by about 1.15 pm.
This follows a significant 1.6% tumble for the S&P500 overnight on Wall Street as the spread of the COVID-19 Delta strain and lockdown uncertainty continues to keep markets on edge.
Oil price tumbles
Locally, energy stocks were the hardest hit following ~7.5% in oil prices overnight as COVID-19 infections surged and OPEC+ agreed to gradually ramp up oil production through to September 2022.
Walkabout Resources bolsters board to help deliver development, production and growth
Experienced mining executives Phil Montgomery and Peter Finnimore have been appointed non-executive directors, effective immediately, with the new board structure comprising three independent non-executive directors. The company is also improving corporate governance by separating the role of chairman and CEO.
Walkabout Resources Ltd (ASX:WKT) (FRA:N6D) has appointed two new non-executive directors to its board reflecting the completion of debt and companion equity funding for the construction of the Lindi Jumbo Graphite Mine in Tanzania.
The company believes the appointment of Phil Montgomery and Peter Finnimore as non-executive directors is pivotal to the execution of the next phase of its development, bolstering the depth and breadth of skills.