Investor Presentation - March 2016
Melbourne, Mar 29, 2016 AEST (ABN Newswire) - Shareholder approval received for the change of name on 29 March 2016 at General Meeting from Mozambi Resources Limited to Volt Resources Limited (
ASX:VRC).
Volt Resources is targeting to become a preferred supplier of high quality large flake graphite to the emerging high technology industry.
The above objective is supported by Volt:
1.Increasing and optimising our current 179Mt @ 5.1% TGC JORC Resource containing high quality Jumbo and Super Jumbo graphite in Tanzania;
2.Utilising unique skills and experience of board members, stakeholders, customers and partners to develop innovative and competitive project development solutions;
3.Targeting highest margin (i.e. revenue to cost ratio) operations amongst our peers.
Location of Namangale Project -southern Tanzania
- The Mozambican Mobile Belt represents a band of highly metamorphosed rocks extending through East Africa
- Tanzanian graphite appears to contain larger flake sizes however with lower average total graphitic carbon grades than Mozambique
- Tanzania is a very stable political and economic investment destination
- Volt has established excellent local partnerships supporting tenure and approvals
Maiden Inferred JORC Resource
- Maiden total JORC compliant Inferred Resource of 179Mt @ 5.1% TGC
- Total of 82 RC holes and 9 diamond drill holes
- Very shallow resource (<100m) / Low cost deposit to explore and mine
- Infill drilling program to commence in April 2016
- Diamond drilling test-work ongoing; focused on graphite recovery and product quality of concentrates following flotation
Namangale PFS Underway
A Pre-Feasibility Study has commenced for the Namangale Project including:
- Metallurgical testwork: Flake size and concentrate optimization underway to refine the metallurgy of the project
- Marketing: MOUs with reputable end-users signed by mid-2016
- Mine planning: Several production options being considered to identify our target market and optimal market entry production point
- Plant and infrastructure: Design work to 25% capital and operating cost accuracy
- Experienced firm Battery Limits to deliver the PFS by latest Q4 2016
- Tenure and approvals: Progressing in parallel with PFS schedule
Summary
1.Volt Resources is developing the quality Namangale graphite project in southern Tanzania - the most prospective graphite territory in the world
2.Predicted strong future demand growth for the Super Jumbo and Jumbo flake size graphite product contained at Namangale
3.Fully funded Pre-Feasibility Study to deliver a largely derisked Namagale project in 2016
4.Volt board & management have demonstrated a strong focus on delivery of commitments and targets
5.Volt's development stage represents significant value upside for resources investors interested in exposure to the future high technology industry supply chain.
To view the presentation, please visit:
http://abnnewswire.net/lnk/6T2L74Q1
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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