Sydney, Aug 29, 2016 AEST (ABN Newswire) - VIDEO: Volt Resources Ltd (
ASX:VRC) are pleased to provide a Corporate Overview Video regarding the Company and its projects.
Tanzania
Tanzanian graphite projects have tended to be lower grade but larger flake size. Discoveries in Tanzania are centred around the Townships of Nachingwea (IMX, MNS) and Mahinga (KNL).
Mozambique projects have tended to be higher grade but smaller flake size. Discoveries to date have been centered around the town of Balama. (SYR, TON)
Volt Resources is uniquely placed with projects in the Balama Region of Mozambique and the Nachingwea region of Tanzania
Nachingwea
The Nachingwea Project consists of 18 tenements in South Eastern Tanzania within the highly prospective Mozambique Mobile Belt. Ten of the tenements are located in the Lindi Province with the remaining eight being located in the adjacent Mtwara Province bordering Mozambique. There has been considerable recent success from active exploration for graphite in the region, particularly around the regional centre of Nachingwea.
The Tenements are currently under application with the Tanzanian Ministry of Energy and Minerals with granting of the Tenements anticipated in the near future.
The Company has received positive early results of geological mapping on the company's Nachingwea Graphite Project. Multiple graphite outcrops have been identified on the initial tenements explored HQ-P 29031, HQ-P 29033 and HQ-P 29027. Outcrops up to 180m wide have been identified over a strike length of approximately 1,000m. Trenching and sampling will be undertaken to determine the grade of the zone and identify higher-grade zones within the mineralised unit to allow the design of a targeted drilling program.
Multiple other areas of sub-cropping graphite schist have been identified on these tenements explored to date.
These three key tenements of the Nachingwea Project have progressed with an offer to grant received from the Tanzanian Ministry of Energy and Minerals. The three tenements include the targets identified in the initial recognisance mapping. Further mapping has continued to identify additional outcrops on the two primary graphite targets defined on the project to date.
For more information on Volt Resources Projects, please visit:
http://www.voltresources.com/projects-overview/
To view the video, please visit:
http://www.abnnewswire.net/press/en/84638/VRC
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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