Walkabout Resources (ASX:WKT) has commenced trading on the ASX post its 1 for 23 share consolidation on a deferred settlement basis.
The stock symbol for shares trading on a deferred settlement basis is WKTDA.
Trading on a deferred settlement basis will end on Friday, 9 December and normal trading will begin Monday, 12 December.
Recently announced resource infill drilling, extension drilling and related assay results from the 70% owned Lindi Jumbo Graphite project located in Tanzania will enable a resource upgrade.
This upgrade will facilitate the completion of the maiden scoping study while the definitive feasibility study (DFS) is currently well underway and planned for release during February 2017.
Whilst current discussions with potential off-take partners are underway, the release of the DFS in February 2017 is set to be transformational and also facilitate funding options for initiating plant construction.