What happened to the Tawana Resources share price?
Shares of Tawana Resources [ASX:TAW] gained more than 8% today. The stock is now trading at 18.5 cents.
Why did TAW shares rise sharply?
Tawana Resources is on track to become a producer in 2017. It has lithium projects in Western Australia and Namibia. Today the company announced positive results in regards to the test work it’s been undertaking on its Bald Hill project.
What now for Tawana Resources?
The company is working on its Definitive Feasibility Study and is on target to release further updates by the end of March. The company is also in discussions with potential offtake partners. There’s continued market interest in companies with exposure to lithium, so it’s a company to keep an eye on for further updates and newsflow.
PS: The single-hottest resource in 2016 was lithium. This has continued into 2017. Except it’s not just lithium dominating headlines anymore. Its friendly cousin, cobalt, is also a hotspot for investor attention.
But most investors just want to know how to invest in lithium. Small-cap specialist, Sam Volkering, knows the ins and outs of Aussie lithium stocks better than anyone.
Read Sam’s guide on ‘How to Invest in Lithium Stocks’ here.