Melbourne, Mar 15, 2016 AEST (ABN Newswire) - FINANCE VIDEO: Volt Resources Ltd (
ASX:VRC) provide the Corporate Overview of the company.
Tanzanian graphite projects have tended to be lower grade but larger flake size. Discoveries in Tanzania are centred around the Townships of Nachingwea and Mahinga.
Mozambique projects have tended to be higher grade but smaller flake size. Discoveries to date have been centered around the town of Balama.
Volt Resources Ltd is uniquely placed with projects in the Balama Region of Mozambique and the Nachingwea region of Tanzania
The Company has a 70% interest in two mineral exploration licences situated in the Zambeze Coal Basin in Mozambique.
The combined tenement area held by the Company is approximately 384km2, spanning two tenements, 3245L ("Tete West" Project) and 3246L ("Muturara" Project). 3245L is located 12km west of the city of Tete and extends over 182km2, and lies immediately southwest of Rio Tinto tenement 946L. 3246L is located 58km southeast of the city of Tete and covers approximately 202km2. The tenement is located 45km southeast of the Moatize Coal Mining Camp owned by Vale.
To view the corporate video, please visit:
http://www.abnnewswire.net/press/en/83030/volt
About Volt Resources Ltd
Volt Resources Ltd (ASX:VRC) (FRA:RBL) (OTCMKTS:VLTRF) is critical minerals and battery material company listed on the Australian Stock Exchange. We are a graphite producer and an emerging natural graphite anode producer. Volt has a 70% interest in the Zavalievsky Graphite business in Ukraine. The ZG mine and processing facilities have been in operation since 1934 and are near key markets with significant developments in lithium-ion battery production. ZG benefits from an existing customer base and graphite product supply chains based on excellent transport infrastructure covering road, rail, river, and sea freight combined with reliable grid power, ample potable ground water supply and good communications.
Volt acquired three licence applications that are prospective for lithium-borate mineralisation. The licence applications are in respect to a total area of 291km2, located in Serbia and are west and south-west of the Serbian capital, Belgrade.
Volt is progressing the development of its large wholly owned Bunyu Graphite Project in Tanzania. The Bunyu Graphite Project is ideally located near to critical infrastructure with sealed roads running through the project area and ready access to the deep-water port of Mtwara 140km from the Project. In 2018, Volt reported the completion of the Feasibility Study into the Stage 1 development of the Bunyu Graphite Project. The Stage 1 development is based on a mining and processing plant annual throughput rate of 400,000 tonnes of ore to produce on average 23,700tpa of graphite products. A key objective of the Stage 1 development is to establish infrastructure and market position in support of the development of the significantly larger Stage 2 expansion project at Bunyu.
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