For thousands of other reports visit RSC's Mineral Intellingence Map
Volt Resources Ltd.
Summary
| Project: | Bunyu | |
|---|---|---|
| Deposit: | Bunyu | |
| Location: | Tanzania | |
| Commodities: | Graphite | |
| Date: | 7/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 31-7-2018: Volt Resources Ltd. announces a Feasibility Study report for its Bunyu deposit at the Bunyu project. Feasibility Study results incl. post-tax NPV of US $18.6M (10%), IRR of 19.3%. Volt’s Chief Executive Officer, Trevor Matthews, commented: “The | |
| Resources: | (Reserve, P+P): 2815Kt @ 6.3% TGC for 5082Kt Graphite contained at Bunyu 1 | |
| CP/QP: | [Resources]: Christine Standing (Optiro Pty Ltd.) | |
| ABSTRACT: | Volt’s Chief Executive Officer, Trevor Matthews, commented: “The Stage 1 Feasibility Study is another important step forward in Volt’s plan to become one of the top three global producers of natural flake graphite. “The Company has been implementing a two stage development strategy following the completion of a large scale Pre-Feasibility Study (“PFS”) in December 2016. Concurrent with the PFS completion, Volt announced the largest graphite JORC Mineral Resource in Tanzania and one of the largest in the world. “Following a detailed strategic review of product markets and financial markets, in May 2017 Volt announced a clear pathway to transition the Company into a globally significant producer of material quantities of high quality graphite products. It was decided that this accelerated pathway would be achieved via the development of the Bunyu Project over two stages. Stage 1 is focussed on the development of a nominal 20,000 to 25,000tpa graphite mine and processing facility in Tanzania with planned exports of graphite products into the USA, China and other markets. The proposed Stage 2 development is an expansion of Stage 1 production based on the market demand for Bunyu’s graphite products and leveraging the large scale graphite mineral resource and Bunyu’s close proximity to critical infrastructure. The Stage 2 expansion is targeted to meet expected significant increases in demand for coarse flake graphite in the expandable graphite market and fine flake size products for battery anode material and other existing and evolving industrial uses for micro carbon products.” Volt’s Non-Executive Chairman, Asimwe Kabunga, commented: “This is an exciting period for the Company and its shareholders as we work on this important near-term transition from developer to producer. The delivery of a robust Stage 1 Feasibility Study is a key step towards unlocking the considerable underlying value of our world-class Bunyu Project. Once funding is obtained, the Company will proceed with the Front End Engineering and Design for Stage 1 and place orders for long lead time components. Concurrent with the Stage 1 development, Volt also plans to commence work on the definitive feasibility study for the Stage 2 expansion.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report