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Volt Resources Ltd.
Summary
| Project: | Namangale | |
|---|---|---|
| Deposit: | Namangale | |
| Location: | Tanzania | |
| Commodities: | Graphite | |
| Date: | 12/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 15-12-2016: Volt Resources Ltd. announces a Pre-Feasibility Study report for its Namangale deposit at the Namangale project. PFS results incl. pre-tax NPV (10%) of US$1.31B, IRR of 87%, 22 year LOM. Volt Resources Limited’s (ASX: VRC) (“Volt” or the “Comp | |
| Resources: | (Reserve, P+P): 127.4Mt @ 4.36% TGC for 5.6Mt Graphite contained | |
| CP/QP: | [Resources]: Mark Biggs (ROM Resources Pty Ltd.) | |
| ABSTRACT: | Volt Resources Limited’s (ASX: VRC) (“Volt” or the “Company”) is delighted to announce the release of its Pre-Feasibility Study (“PFS”) which confirms strong technical and financial viability of the Namangale Project in south-east Tanzania, with an 87% IRR and pre-tax NPV of US$1.31B. This is based on 3.8Mt of ore being processed annually at an average 4.7% TGC, with a 1.4 waste-to-ore ratio to produce 170kt/y of graphite over a 22-year mine life. The proportions of the resource underpinning the production target in this announcement are 10% Measured, 61% Indicated and 29% comes from Inferred Mineral Resource. There is a low level of geological confidence associated with inferred mineral resources and there is no certainty that further exploration work will result in the determination of indicated mineral resources or that production target itself will be realised. However, in preparation of the production target and associated NPV each of the modifying factors was considered, and has therefore passed the economic test. | |
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