http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Fri, 22 Sep 2017 14:30:18 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Volt Resources opens Share Purchase Plan for Namangale graphite ]]> http://www.proactiveinvestors.com.au/companies/news/184169/volt-resources-opens-share-purchase-plan-for-namangale-graphite-184169.html Volt Resources Ltd (ASX:VRC) has opened it Share Purchase Plan (SPP) to raise up to $1.5 million, with directors having the right to expand the raising if required.

Volt’s non-executive chairman, Asimwe Kabunga, and non-executive director, Matt Bull, have both agreed to sub-underwrite $300,000 each of the plan in the event of a shortfall.

Patersons is also providing an underwriting.

Shareholders can apply to up to $15,000 worth, with the price determined on a 20% discount to the volume weighted average price.

Graphite from the Namangale project is suitable for a wide array of expandable graphite applications.

]]>
Tue, 19 Sep 2017 10:19:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184169/volt-resources-opens-share-purchase-plan-for-namangale-graphite-184169.html
<![CDATA[News - Volt Resources lifting funds for feasibility study on Namangale graphite project ]]> http://www.proactiveinvestors.com.au/companies/news/183412/volt-resources-lifting-funds-for-feasibility-study-on-namangale-graphite-project-183412.html Volt Resources Ltd (ASX:VRC) has launched a Share Purchase Plan (SPP) to raise up to $1.5 million, with directors having the right to expand the raising if required.

Volt’s non-executive chairman, Asimwe Kabunga, and non-executive director, Matt Bull, have both agreed to sub-underwrite $300,000 each of the plan in the event of a shortfall.

Patersons is also providing an underwriting.

Shareholders can apply to up to $15,000 worth, with the price determined on a 20% discount to the volume weighted average price.

Volt remains focused on its Namangale graphite project in Tanzania.

Graphite from the project is suitable for a wide array of expandable graphite applications.

This enhances the scalability and commercial viability of the entire Namangale deposit as a primary expandable graphite supplier.

Trevor Matthews, chief executive officer, commented:

"It is important that the company continues to advance the Stage 1 development of the Namangale project which provides the platform for the Stage 2 expansion to follow.

"The support of Volt’s board members for the capital raising should be seen as a strong endorsement of the company’s plans and the potential of the Namangale project.

"The plan gives all Volt shareholders an opportunity to participate in this capital raising and contribute to the company and the Namangale project development."

]]>
Tue, 05 Sep 2017 12:06:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183412/volt-resources-lifting-funds-for-feasibility-study-on-namangale-graphite-project-183412.html
<![CDATA[News - Volt Resources to lift cash balance for Tanzanian graphite ]]> http://www.proactiveinvestors.com.au/companies/news/183266/volt-resources-to-lift-cash-balance-for-tanzanian-graphite-183266.html Volt Resources Ltd (ASX:VRC) recently revealed that graphite concentrate from the company's Namangale project is suitable for a wide array of expandable graphite applications.

The company already has off-take agreements in place.

Volt has today been granted a trading halt by the ASX, pending details of a capital raising.

The halt will remain in place until the opening of trade on Tuesday 5th September 2017, or earlier if an announcement is made to the market.

READ NOW: Volt Resources shares higher on expandable graphite results ]]>
Fri, 01 Sep 2017 09:35:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183266/volt-resources-to-lift-cash-balance-for-tanzanian-graphite-183266.html
<![CDATA[News - Volt Resources Ltd's share ride higher on expandable graphite results ]]> http://www.proactiveinvestors.com.au/companies/news/182232/volt-resources-ltd-s-share-ride-higher-on-expandable-graphite-results-182232.html Volt Resources Ltd's (ASX:VRC) shares have traded 12% higher at A$0.028 in morning trade following confirmation that graphite concentrate from the company's Namangale project is suitable for a wide array of expandable graphite applications.

This enhances the scalability and commercial viability of the entire Namangale deposit as a primary expandable graphite supplier.

The results are timely given the recent offtake and cooperation agreements signed by Volt.

Trevor Matthews, chief executive officer, commented: "These results provide Volt’s metallurgists and engineers with a more flexible platform to efficiently optimise the most economic development and operation plans for Stage 1 and Stage 2 production across the entire Namangale deposit."

The tests were done by a German metallurgical laboratory.

Off-take agreements

Volt recently signed its fifth offtake agreement this year filling 100% of proposed Stage 1 capacity from Namangale.

The company signed a non-binding offtake term sheet with Qingdao Tianshengda Graphite for 10,000 tonnes per annum of flake graphite product from Stage 1 production.

This is the fourth agreement that Volt has signed with a Chinese graphite group since management completed a successful product marketing trip in May 2017.

Tanzanian changes

Volt confirms that recent changes to Tanzania’s mining laws have not deterred customer’s confidence in management’s ability to start production at the Namangale project by mid-2018.

Analysis

Today's outcome is very positive for Volt, as it means the mine plan can be optimised to source ore from any part of the project mineral resource to meet customer demand for expandable graphite.

Demand for expandable graphite is increasing significantly, primarily for its non-toxic flame retardant qualities and coupled with the reduction in supply from Chinese mines.

This is creating an increase in graphite prices.

]]>
Thu, 10 Aug 2017 11:26:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182232/volt-resources-ltd-s-share-ride-higher-on-expandable-graphite-results-182232.html
<![CDATA[News - Volt Resources welcomes new chairman to the board ]]> http://www.proactiveinvestors.com.au/companies/news/181954/volt-resources-welcomes-new-chairman-to-the-board-181954.html Volt Resources (ASX:VRC) has appointed Asimwe Kabunga as chairman of the company’s board of directors effective immediately.

Kabunga will replace Stephen Hunt in line with the Volt’s succession planning aimed at preparing the company for the next stage of development at its Namangale graphite project.

Kabunga joined Volt’s board as a non-executive director in April 2017 and notably is the original vendor of the Namangale tenements and also remains the largest single shareholder.

During mid-July, Volt signed its fifth offtake agreement this year filling 100% of proposed Stage 1 capacity at its flagship Namangale graphite project in Tanzania.

This was the fourth agreement that Volt has signed with a Chinese graphite group since management completed a successful product marketing trip in May 2017.

Asimwe Kabunga background

Kabunga is a Tanzanian-born Australia-based entrepreneur with 20 years technical and commercial experience in Tanzania, the US and Australia.

Kabunga has been instrumental in establishing the Tanzania Community of Western Australia Inc, and served as its first President.

He was also a founding member of Rafiki Surgical Missions and Safina Foundation, both NGOs dedicated to helping children in Tanzania.

He is currently non-executive chairman on the board of Lindian Resources Limited (ASX:LIN) and non-executive director of Strandline Resources Limited (ASX:STA).

]]>
Fri, 04 Aug 2017 09:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181954/volt-resources-welcomes-new-chairman-to-the-board-181954.html
<![CDATA[News - Volt Resources on track for graphite production in Tanzania ]]> http://www.proactiveinvestors.com.au/companies/news/180934/volt-resources-on-track-for-graphite-production-in-tanzania-180934.html Volt Resources (ASX:VRC) has signed its fifth offtake agreement this year filling 100% of proposed Stage 1 capacity at its flagship Namangale graphite project in Tanzania.

The company signed a non-binding offtake term sheet with Qingdao Tianshengda Graphite for 10,000 tonnes per annum of flake graphite product from Stage 1 production.

This is the fourth agreement that Volt has signed with a Chinese graphite group since management completed a successful product marketing trip in May 2017.

Volt confirms that recent changes to Tanzania’s mining laws have not deterred customer’s confidence in management’s ability to start production at the Namangale project by mid-2018.

Trevor Matthews, CEO, commented: “It is encouraging to see our business as usual approach with prospective customers has delivered our fourth agreement with a Chinese group this year.”

Qingdao off-take details

Qingdao, which is a large processor and distributor of graphite products in China, signed a detailed non-binding offtake term sheet for 10,000 tonnes per annum of flake graphite product from Stage 1 production.

Volt and Qingdao are targeting 30 September 2017 to complete a binding offtake agreement.

Volt now has indicative commitments for a minimum 36,000 tonnes per annum to a maximum 51,000 tonnes per annum of graphite product for Stage 1 production, which is nominally set at 20,000 tonnes per annum.

Notably, the diversity among the prospective clients’ intended uses of Volt’s product includes graphene, expandable and spherical graphite.

Recent loan secured to fast-track Namangale

Volt recently raised $1 million for working capital purposes from institutional and sophisticated investors through a 12-month convertible loan facility.

The loan will act as important interim funding while Volt executes its strategy to fast-track mining operations at its flagship Namangale graphite project in Tanzania.

The terms of the convertible loan funding demonstrates the confidence that these investors have in Volt’s strategy.

During the fourth quarter of 2017, the board expects circa $4.8 million will be received from the exercise of Volt’s listed $0.02 options which mature on 31 December 2017.

Analysis

With the recent changes to Tanzania’s mining legislation unfolding, this deal can be seen as a vote of confidence in Volt’s ability to bring Namangale into production despite the evolving regulatory environment.

Collectively, Volt now has up to 51,000 tonnes per annum in confirmed and indicative commitments for Stage 1 production.

This is another vote of confidence in the Namangale project and shows the increasing demand for our expandable graphite products.

The sales and cooperation agreements are important development milestones while Volt advances discussions with financial institutions and strategic investors to secure development funding for Stage 1 production.

Given the strategic importance of the China market and the success of the last trip, management is currently undertaking a follow up visit with key customers.

]]>
Mon, 17 Jul 2017 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180934/volt-resources-on-track-for-graphite-production-in-tanzania-180934.html
<![CDATA[News - Volt Resources Ltd secures interim funding ]]> http://www.proactiveinvestors.com.au/companies/news/180494/volt-resources-ltd-secures-interim-funding-180494.html Volt Resources Ltd (ASX:VRC) has raised $1 million for working capital purposes from institutional and sophisticated investors through a 12-month convertible loan facility.

Volt’s strategy is to fast-track mining operations at its flagship Namangale graphite project in Tanzania in order to facilitate the transition to producer status and commence generating cash flow.

The terms of the convertible loan funding demonstrates the confidence that these investors have in Volt’s strategy.

Trevor Matthews, CEO, commented: "After considering various short term funding initiatives, the board agreed the optimal solution was the convertible loan facility given the very attractive pricing available.

“The funds raised from the facility will be enough for Volt’s working capital purposes for the rest of the year.”


Funding expected from options

During the fourth quarter of 2017, the board expects circa $4.8 million will be received from the exercise of Volt’s listed $0.02 options which mature on 31 December 2017.

Furthermore, negotiations with Middle East and Chinese counter parties to provide long-term working capital and project development funding for Stage 1 of the Namangale project are planned to conclude well before the end of calendar 2017.

This will support Stage 1 construction commencement in Q4 2017.


Convertible loan details

The key terms of the convertible loan facility are as follows:

- Convertible loan facility for 12 months, with a 10% coupon payable quarterly in arrears in cash or Volt shares (lenders election to receive interest in the form of Volt shares issued at the conversion price);
- Lenders can convert the facility into Volt shares at any time prior to maturity at a conversion price of $0.05 per Volt share;
- Volt can prepay amounts owing under the facility at any time, provided always that Volt will be liable to pay the balance of any interest which would otherwise have become payable if the facility was repaid on maturity;
- If the facility is repaid early by Volt, lenders will have a subscription right to acquire Volt shares at the conversion price at any time prior to the agreed maturity date (up to the maximum number of Volt shares which the lender would have been able to acquire if the lender converted amounts owing under the facility); and
- Senior security over Volt’s assets can be put in place at the lenders’ election.

The key benefits from progressing with this convertible loan facility in its current form are:

- Funds are immediately available for working capital purposes;
- Dilution at less than 2% on a fully diluted basis; and
- Conversion pricing is attractive.

]]>
Fri, 07 Jul 2017 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180494/volt-resources-ltd-secures-interim-funding-180494.html
<![CDATA[News - Volt Resources Ltd to update on Namangale graphite project ]]> http://www.proactiveinvestors.com.au/companies/news/180334/volt-resources-ltd-to-update-on-namangale-graphite-project-180334.html Volt Resources Ltd (ASX:VRC) has been granted a voluntary suspension following an ASX trading halt.

Volt requested the additional time pending an announcement regarding draft changes to mining legislation proposed by the Tanzanian Government.

The company's Namangale graphite project has an estimated a pre-tax net present value of US$1.31 billion based on a 22-year mine life, with an 87% internal rate of return and pay-back period of only 1.4 years.

]]>
Wed, 05 Jul 2017 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180334/volt-resources-ltd-to-update-on-namangale-graphite-project-180334.html
<![CDATA[News - Volt Resources Ltd awaits news from Tanzania ]]> http://www.proactiveinvestors.com.au/companies/news/180185/volt-resources-ltd-awaits-news-from-tanzania-180185.html Volt Resources Ltd (ASX:VRC) is another Australian explorer in Tanzania which has been granted a trading halt by the ASX today.

The companies are awaiting draft changes to mining legislation proposed by the Tanzanian Government.

The halt will remain in place until the opening of trade on Wednesday 5th July 2017, or earlier if an announcement is made to the market.

]]>
Mon, 03 Jul 2017 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180185/volt-resources-ltd-awaits-news-from-tanzania-180185.html
<![CDATA[News - Volt Resources signs graphite offtake term sheet ]]> http://www.proactiveinvestors.com.au/companies/news/179711/volt-resources-signs-graphite-offtake-term-sheet-179711.html Volt Resources (ASX:VRC) has signed a detailed offtake term sheet with Guangxing Electrical Materials (GEM) for 5,000 tonnes per annum of flake graphite concentrate.

The flake graphite concentrate will come from Volt’s planned Stage 1 production at its flagship Namangale graphite project in Tanzania.

Both parties are committed to completing a binding offtake agreement by 30 September 2017.

This is the third agreement that Volt has signed with a China-based group since mid-May, highlighting the success of management’s recent visit to meet prospective graphite customers.

Trevor Matthews, CEO, commented: “The benefits from our recent visit to China continue to flow through with GEM agreeing to take 5,000 tonnes of flake graphite concentrate from mid-2018.”


Agreement details

The detailed offtake term sheet signed between GEM and Volt has the following key terms:

- Both parties agree to complete a binding offtake agreement by 30 September 2017;
- The initial contract term is five years with an option to extend by mutual agreement for a further five years;
- Annual quantity is for 5,000 tonnes of flake graphite concentrate from Stage 1 production commencing from mid-2018;
- Pricing will be set six-monthly based on prevailing rates for expandable and spherical products, flake size distribution and grade; and
- Payment terms, packaging and shipping arrangements included.


Namangale graphite project

Volt has completed a pre feasibly study which projected robust technical and financial viability of the Namangale project.

The project has an estimated a pre-tax net present value (NPV) of US$1.31 billion based on a 22-year mine life, with an 87% internal rate of return and pay-back period of only 1.4 years.

Volt has the largest JORC graphite resource in Tanzania with 461 million tonnes grading 4.9% total graphitic content.

The project has outstanding large flake size distribution and is ideally located near to critical infrastructure.

Sealed roads run through the project area with ready access to the deep-water port of Mtwara located 140 kilometres away.


Analysis

Based on all current and prospective customer agreements, Volt can potentially secure minimum commitments for 26,000 tonnes per annum of flake graphite concentrate by Q4 2017.

This would adequately cover Stage 1 production, which is now targeted at 20,000 tonnes per annum of graphite concentrate and potential downstream products for the battery anode market.

These agreements will also provide considerable comfort to financial institutions currently reviewing the provision of development funding for the Namangale project.

Furthermore, these agreements provide Volt with a strong framework to transition into a producer by mid-2018.

The company board is confident that development funding for Stage 1 of the Namangale project will be secured in the coming months.

 

]]>
Fri, 23 Jun 2017 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179711/volt-resources-signs-graphite-offtake-term-sheet-179711.html
<![CDATA[News - Volt Resources signs agreement with one of China’s largest companies ]]> http://www.proactiveinvestors.com.au/companies/news/179350/volt-resources-signs-agreement-with-one-of-chinas-largest-companies-179350.html Volt Resources (ASX:VRC) has entered into a broad non-binding cooperation agreement with China’s largest building materials group, China National Building Materials General Machinery (CNBMGM).

The agreement sets out a framework for CNBMGM to become integrally involved with the development of Volt’s Namangale graphite project in Tanzania.

Volt now has a clear opportunity to be a producer by mid-2018 and gain direct entry to China’s fast-growing expandable graphite market.

Trevor Mathews, CEO, commented: “Management’s recent trip to China highlighted there is a ready market for Namangale concentrate to make expandable graphite, if the product trials with CNBMGM are successful.

“More pleasing, however, is having a clear three-month timeline in place that could result in project development funding and credit insurance support for the development of Stage 1 of the Namangale project by mid-2018.”


Agreement details

If certain condition precedents are met, CNBMGM can deliver a complete solution to develop the Namangale project Stages 1 and 2.

This potentially includes a 10,000-15,000 tonnes per annum initial off-take agreement from Stage 1 production, project engineering/construction, project finance and credit insurance.

Under the first phase of the agreement, which is planned to be completed within three months, Volt will provide CNBMGM the following:

- As soon as practical, Volt will send up to one tonne of Namangale graphite concentrate to CNBMGM to enable product trial tests to be conducted on its suitability to make expandable graphite for flammable retardant building materials; and
- Open a data room for CNBMGM to access the PFS, Stage 1 feasibility study and other relevant information.

If the product trials are successful, CNBMGM and Volt will commence discussions to enter into an off-take agreement.


Recent trip to China

Volt is following a two-pronged product distribution objective, delivering concentrate suitable for making expandable and spherical graphite.

Management’s recent trip to visit prospective customers in China and South Korea revealed the expandable graphite market is experiencing rapidly growing demand and creating significant opportunities.

During the China visit, feedback from prospective customers in the battery anode sector confirmed a specific requirement for spheroinised graphite, not concentrate.

The main reason is that very few groups, if any, in the battery anode sector in China or elsewhere in the world are backwards integrated to convert concentrate into spheroinised graphite.

Hence, the recent cooperation agreement with Aoyu Graphite Group, which potentially enables Volt to utilise excess capacity to produce up to 20,000 tonnes per annum of spheroinised graphite, provides an excellent platform to directly supply to the battery anode sector from mid-2018 onwards.


Namangale graphite project

Volt has completed a pre feasibly study which projected robust technical and financial viability of the Namangale project.

The project has an estimated a pre-tax net present value (NPV) of US$1.31 billion based on a 22-year mine life, with an 87% internal rate of return and pay-back period of only 1.4 years.

Volt has the largest JORC graphite resource in Tanzania with 461 million tonnes grading 4.9% total graphitic content.


Analysis

This latest cooperation agreement highlights what has been a successful and productive China visit, with now two cooperation agreements with high profile groups being signed.

The agreements now cover expandable and spherical graphite, off-take agreements, project engineering and construction, finance and credit insurance for Stage 1 of the Namangale project.

This provides Volt with a strong framework to transition into a producer by mid-2018.

Discussions have also allowed Volt to gain a clear strategic competitive advantage over east Africa peers to enter the important spheroinised graphite market through its recent discussions with Aoyu.

The company continues to advance the development of its wholly-owned Namangale graphite project, the largest JORC deposit in Tanzania.

The project has outstanding large flake size distribution and is ideally located near to critical infrastructure.

Sealed roads run through the project area with ready access to the deep-water port of Mtwara located 140 kilometres away.

]]>
Fri, 16 Jun 2017 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179350/volt-resources-signs-agreement-with-one-of-chinas-largest-companies-179350.html
<![CDATA[News - Volt Resources shares rise on U.S. graphene off-take contract win ]]> http://www.proactiveinvestors.com.au/companies/news/174246/volt-resources-shares-rise-on-us-graphene-off-take-contract-win-174246.html Volt Resources (ASX:VRC) has signed a binding off-take agreement to supply 5,000 tonnes of flake graphite concentrate to U.S.-based Nano Graphene Inc.

Volt’s shares closed up 8% of Friday at $0.042, following an intra-day peak of $0.046.

Earlier this year, the graphite concentrate from Volt’s Namangale project in Tanzania was found to be highly suitable for producing commercial grade, expandable graphite.

The Namangale project is the largest JORC graphite resource in Tanzania with 461 million tonnes grading 4.9% total graphitic carbon.

Volt’s December 2016 pre-feasibility study estimates a pre-tax net present value of US$1.31 billion for Namangale based on a 22-year mine life, with a pay-back period of only 1.4 years.

The new off-take agreement is a significant breakthrough for Volt given the company’s definitive feasibility study has only recently commenced.

The key contract terms comprise:

- Binding off-take agreement for a minimum 5,000 tonnes over five years, with the flexibility to increase sales volume as Nano Graphene’s global footprint expands;
- Flake graphite concentrate grade of 98% total graphitic carbon with no specified flake size;
- Fixed price for the initial 5-year term of the agreement which is at a premium to Volt’s basket price of US$1,684 in the pre-feasibility study; and
- Targeting graphite concentrate delivery to commence in Q1 2018.

Nano Graphene is expected to commence graphene production in the U.S. later this year.

The graphene produced will be sold to Nano Graphene’s U.S. and European clients across a range of sectors comprising lithium-ion batteries and composites, as well as in numerous hi-tech applications.

This new agreement is expected to enable Volt to move to producer status and commence the generation of cash flow from small scale mining and processing in 2018, much earlier than planned.

]]>
Mon, 06 Mar 2017 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174246/volt-resources-shares-rise-on-us-graphene-off-take-contract-win-174246.html
<![CDATA[News - Volt Resources confirms valuable graphite concentrate at Namangale ]]> http://www.proactiveinvestors.com.au/companies/news/171906/volt-resources-confirms-valuable-graphite-concentrate-at-namangale-171906.html Volt Resources’ (ASX:VRC) graphite concentrate from the Namangale graphite project in Tanzania has been found to be highly suitable for producing valuable, commercial grade, expandable graphite.

The concentrate achieved high expansion volumes, making it suitable for use in flame retardant foam, graphite foil and other applications.

This is highly encouraging as regulatory changes are proposed in China and Europe for the mandatory use of non-toxic substances in flame retardant building materials.

Volt has the largest JORC graphite resource in Tanzania with 461 million tonnes grading 4.9% total graphitic content.

This test-work paves the way for potential substantial future demand for expandable graphite produced from Volt’s Namangale project.


Test-work details

The test-work was completed at a German laboratory which is a global specialist in graphite testing and analysis.

Having independent test work confirm the suitability of Volt’s graphite product in the flame retardant building materials market is a key differentiating feature from rivals.

The German laboratory test-work continues to demonstrate the quality of Volt’s graphite concentrate, having previously confirmed battery grade results of 99.99% total graphitic content.

Volt’s graphite concentrate product was found to be suitable for a variety of commercial applications, including spherical graphite for the lithium-ion battery sector.

The company is discussing with prospective customers across the globe from a range of end-user industries to facilitate product market diversification.


Namangale graphite project

Last month, the company completed a pre feasibly study which projected robust technical and financial viability of the Namangale project.

The project has an estimated a pre-tax net present value (NPV) of US$1.31 billion based on a 22-year mine life, with an 87% internal rate of return and pay-back period of only 1.4 years.

Last month, Volt’s board endorsed the recommendation to immediately progress Namangale and undertake a definitive feasibility study in 2017, paving the way for finalising off-take agreements and project finance.

The study will also target additional high quality large flake size graphite from Namangale South.


Analysis

This follow-up independent test-work confirms recent initial tests in the U.S. that found Volt’s concentrate to be high quality and able to be used in lithium-ion batteries.

Furthermore, it is encouraging to have independent confirmation that the graphite concentrate is highly suitable for expandable graphite too.

The sales and marketing team will be targeting prospective end-user customers globally across a range graphite end-user markets.

These independent test results will provide Volt with a significant differentiating feature and competitive edge to be able to deliver concentrate that can make high quality spherical and expandable graphite for various downstream applications.

Two of Volt’s board members recently purchased shares on market, showing their confidence in both the company and its high quality project.

]]>
Fri, 20 Jan 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171906/volt-resources-confirms-valuable-graphite-concentrate-at-namangale-171906.html
<![CDATA[News - Volt Resources to update on Namangale ]]> http://www.proactiveinvestors.com.au/companies/news/170370/volt-resources-to-update-on-namangale-170370.html Namangale is located in Tanzania.

Volt recently appointed the experienced Trevor Matthews as chief executive officer, effective from 1 January 2017.

The halt will remain in place until the opening of trade on Thursday 15th December 2016, or earlier if an announcement is made to the market.

]]>
Tue, 13 Dec 2016 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170370/volt-resources-to-update-on-namangale-170370.html
<![CDATA[News - Volt Resources Ltd appoints the experienced Trevor Matthews as CEO ]]> http://www.proactiveinvestors.com.au/companies/news/169637/volt-resources-ltd-appoints-the-experienced-trevor-matthews-as-ceo-169637.html Matthews will assume full management responsibility for Volt Resources strategic direction and operations, with his mandate to fast-track the Namangale project into production.

Namangale is located in Tanzania,

Tests by an independent German metallurgical laboratory confirm Namangale graphite flake concentrate produced battery-grade graphite of 99.99% TGC purity.

In addition, tests confirmed concentrate suitable for wide range of applications including expandable graphite, graphite foil, refractory and lubrication products.

]]>
Tue, 29 Nov 2016 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169637/volt-resources-ltd-appoints-the-experienced-trevor-matthews-as-ceo-169637.html
<![CDATA[News - Volt Resources Ltd tests super-size graphite flake at Tanzania project ]]> http://www.proactiveinvestors.com.au/companies/news/147144/volt-resources-ltd-tests-super-size-graphite-flake-at-tanzania-project-70160.html Volt Resources Ltd (ASX:VRC) has confirmed the highest super jumbo and jumbo graphite flake distribution amongst its East African peers, from a test-work program at the Namangale Project in Tanzania.

The July 2016 results show exceptional flake size distributions with up to 81.3% in the super jumbo, jumbo and large flake size categories compared with 67.7% previously reported in June 2016.

With flake distribution skewed towards the ‘in-demand’ higher flake size categories from the thriving lithium-ion battery sector, Volt is expected to command a higher blended basket price than rivals.

Furthermore, concentrate graphite from Namangale has not been chemically treated to remove impurities - only a simple crushing and flotation process has been used to separate out the graphite.

This potentially delivers a comparative cost advantage over rivals who may have to deploy costly methods to extract impurities that could compromise product quality.

Reviewing the combined test-work from June and July 2016 holistically, the graphite concentrates produced from Namangale returned grades of up to 99.3% total graphitic carbon (TGC) within the +500 micron category.

The Namangale 1 deposit contains an indicated resource of 62.6 million tonnes at 5.1% TGC.

The pre-feasibility study for the project remains on track for completion by Q4 2016.

Volt has already signed non-binding offtake MOUs with major Chinese graphite end-users operating in the lithium-ion battery market, totalling 100,000 tonnes per annum.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 01 Aug 2016 16:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147144/volt-resources-ltd-tests-super-size-graphite-flake-at-tanzania-project-70160.html
<![CDATA[News - Volt Resources Ltd to reveal material agreements ]]> http://www.proactiveinvestors.com.au/companies/news/147143/volt-resources-ltd-to-reveal-material-agreements-69198.html Volt Resources Ltd (ASX:VRC) has been granted a trading halt by the ASX, with its shares placed in pre-open.

Volt requested the halt pending the material signing of MOU by multiple end user companies and a material placement to a strategic institution.

The company recently revealed that the Namangale Pre-Feasibility Study testwork has produced an exceptional graphite concentrate product for the lithium-ion battery market.

The halt will last until the opening of trade on Thursday 16th June 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Tue, 14 Jun 2016 16:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147143/volt-resources-ltd-to-reveal-material-agreements-69198.html
<![CDATA[News - Volt Resources Ltd in ASX trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/147142/volt-resources-ltd-in-asx-trading-halt-68661.html Volt Resources Ltd (ASX:VRC) has been granted a trading halt by the ASX, pending additional details to an announcement on the initial Pre-Feasibility Study (PFS Stage 1) work on its Namangale Graphite Project in Tanzania.

The halt will remain in place until the opening of trade on Thursday 19th May 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 17 May 2016 16:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147142/volt-resources-ltd-in-asx-trading-halt-68661.html
<![CDATA[News - Mozambi Resources logs heavy investor demand for Tanzanian graphite development ]]> http://www.proactiveinvestors.com.au/companies/news/147141/-mozambi-resources-logs-heavy-investor-demand-for-tanzanian-graphite-development--67070.html Tanzanian graphite developer Mozambi Resources (ASX:MOZ) has moved out of a trading halt to raise $4.5 million at $0.033 each reflecting the strong interest in its graphite project.

This included an additional $1.87 million that was accepted in over-subscriptions and the company is funded to now complete a Pre-Feasibility Study for development at Namangale.

Interest was strong from sophisticated investors with Taylor Collison as lead manager and interestingly supported by the vendor of the project as well as from directors and major shareholders.

The Namangale Project in Tanzania has a 179 million tonne resource at 5.1% graphitic carbon but it is the metallurgical results that show a very high proportion of super jumbo (+500μm) and jumbo (+300μm) flake sizes that provides a platform for a development case.

Mineralisation at the three drilled deposits, occurs from surface and bullishly is open in all directions.

Stephen Hunt, previously a non-executive director has been appointed executive chairman to oversee off take negotiations and financing, leveraging his experience with Magnis Resources (ASX:MNS) where he secured finance and off take agreements.

As Hunt put it, "...Mozambi is progressing Namangale towards production...and Mozambi is on the way to providing a key ingredient of clean battery cell technology."

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Wed, 17 Feb 2016 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147141/-mozambi-resources-logs-heavy-investor-demand-for-tanzanian-graphite-development--67070.html
<![CDATA[News - Mozambi Resources to lift cash position ]]> http://www.proactiveinvestors.com.au/companies/news/147140/mozambi-resources-to-lift-cash-position-67023.html Tanzanian-graphite play Mozambi Resources (ASX:MOZ) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Wednesday 17th February 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Mon, 15 Feb 2016 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147140/mozambi-resources-to-lift-cash-position-67023.html
<![CDATA[News - Mozambi Resources readies graphite drilling results ]]> http://www.proactiveinvestors.com.au/companies/news/147139/mozambi-resources-readies-graphite-drilling-results-66473.html Graphite company Mozambi Resources (ASX:MOZ) has requested a trading halt of its shares on the ASX pending an announcement expected by January 11 detailing material drill results and flake size distribution.

The move follows quickly on the confirmation of super jumbo flake mineralisation of up to 1,000 microns in size at the company’s Namangale project in Tanzania.

Mozambi has recently completed a total of 82 reverse circulation holes and nine diamond holes in the area.

Resource modelling is already underway with early indications that the export infrastructure-connected property could host a substantial graphite inventory.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Thu, 07 Jan 2016 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147139/mozambi-resources-readies-graphite-drilling-results-66473.html
<![CDATA[News - Mozambi Resources edges closer to Mozambique graphite asset ]]> http://www.proactiveinvestors.com.au/companies/news/147138/mozambi-resources-edges-closer-to-mozambique-graphite-asset-62389.html Mozambi Resources (ASX:MOZ) has extended the exclusivity period to acquire two prospective graphite licences in Mozambique’s highly-regarded Cabo Delgado region.

The region is one of the hottest graphite exploration areas on the planet, which has seen the values of some companies increase dramatically in recent years.
   
Shares in Syrah Resources (ASX:SYR) have risen from below $0.20 in 2011 to over $4.00 while Triton Minerals (ASX:TON) have jumped nearly 500% since the end of 2013 to the last traded price of $0.385.

This is unsurprising given their respective exploration efforts have resulted in the discovery of world-class graphite deposits that have drawn considerable investing and off-take attention.

Triton’s Nicanda Hill Project is one of the largest known graphite-vanadium deposit in the world with a Resource of 1.46 billion tonnes at 10.7% graphitic carbon and 0.27% V2O5 while Syrah’s Balama Project hosts 1.15Bt at 10.2% graphitic carbon and 0.23% V2O5.

Already, Triton has signed offtake agreements with China’s Yichang Xincheng Graphite and Shenzhen Qianhai Zhongjin Group and formed joint ventures with the former that ensures it is involved in all aspects of the graphite value chain.

All these factors have no doubt played into Mozambi’s decision to extend the term sheet for the acquisition of licences 6140L and 6142L, which are both in close proximity to the giant graphite deposits.

In particular, 6142L is contiguous with Nicanda Hill and 5 kilometres north of Balama.

In addition, recent exploration results 30 kilometres to the north of Licence 6142 by Metals of Africa (ASX:MTA) highlight the prospective nature of the wider Balama- Montepuez region of Mozambique.

Mozambi has now signed a variation of the Term Sheet extending the exclusivity period to 4th November 2015 or the date of execution of formal documentation.


Looking Ahead

Mozambi is currently working with geologists based in Mozambique and Australia and carrying out desktop studies on the tenements under application.

Post granting, it will carry out the following fieldwork:

- Trenching;
- Rock Chip Sampling;
- Mapping;
- Potentially Ground Geophysical Surveys; and
- Drilling Program.

This is aimed at accessing the potential that license area 6142L contains a continuation of the same stratigraphic unit hosting the Balama and Nicanda Hill graphite Resources.

Work at defining targets on license area 6140L will occur concurrently and the company hopes to identify priority targets that will then be drill tested in order to define JORC Resources.


Geology

The underlying geology of the tenements are high grade metamorphic rocks of the Mozambique mobile belt which stretches from Mozambique in the south to the Red Sea in the north marking a continent scale suture.

The belt comprises rocks that have undergone intense deformation, and as a result contains high-grade metamorphic rocks up to granulite level.

Where the initial host rock contained carbon, this is typically converted into graphite at this metamorphic grade during the metamorphic process and there are widespread graphite occurrences throughout the belt.

Several areas within the mobile belt are known to host large tonnage graphite deposits, typically with a relatively high proportion of larger flakes sizes.

The deposits that have been identified to date are primarily in Mozambique and Tanzania to the north.


Analysis

Extending the exclusivity period for acquisition of the two licences will allow Mozambi Resources to deal itself into the hunt for world-class graphite deposits in the Cabo Delgado province, Mozambique.

Recent activity by fellow Australian companies Triton Minerals and Syrah Resources have already resulted in the definition of giant graphite deposits that have placed their respective share prices into overdrive.

This has also resulted in increased investor and offtake interest.

License 6142L offers the opportunity for Mozambi to explore a licence that could contain a continuation of the same stratigraphic unit hosting that occurs at the Balama and Nicanda Hill Resources, both of which have major graphite resources.

Success could lift MOZ’s valuation.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Fri, 15 May 2015 10:11:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147138/mozambi-resources-edges-closer-to-mozambique-graphite-asset-62389.html
<![CDATA[News - Mozambi Resources completes issue of options ]]> http://www.proactiveinvestors.com.au/companies/news/147137/mozambi-resources-completes-issue-of-options-61892.html Mozambi Resources (ASX:MOZ) has raised $20,000 through the completed issue of 20 million options to limited invitees determined by the company.

Proceeds will be used to list both the new options and the 133,499,999 existing options in the same class.

The company will now seek quotation of these options.

The options are exercisable at $0.02 expiring 31st December 2017.

Earlier this month, the company unveiled plans to carry out initial exploration work on two highly prospective graphite licences in Mozambique that it has the option to acquire.

The current owner of licences 6140L and 6142L had advised that all conditions precedent to granting of these licences have now been met.

These licences are in close proximity to existing world class graphite and vanadium deposits held by Triton Minerals (ASX:TON) and Syrah Resources (ASX:SYR).

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 22 Apr 2015 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147137/mozambi-resources-completes-issue-of-options-61892.html
<![CDATA[News - Mozambi Resources raising funds to list options ]]> http://www.proactiveinvestors.com.au/companies/news/147136/mozambi-resources-raising-funds-to-list-options-61581.html Mozambi Resources (ASX:MOZ) is raising up to $20,000 through an offer of 20 million options to limited invitees determined by the company.

Proceeds will be used to list both the new options and the 133,499,999 existing options in the same class.

The options are exercisable at $0.02 expiring 31st December 2017.

Earlier this week, the company unveiled plans to carry out initial exploration work on two highly prospective graphite licences in Mozambique that it has the option to acquire.

The current owner of licences 6140L and 6142L had advised that all conditions precedent to granting of these licences have now been met.

These licences are in close proximity to existing world class graphite and vanadium deposits held by Triton Minerals (ASX:TON) and Syrah Resources (ASX:SYR).
   
License 6142L is contiguous with Triton’s Nicanda Hill Project (1.46 billion tonnes at 10.7% graphitic carbon and 0.27% V2O5) and 5 kilometres north of Syrah’s Balama Project (1.15Bt at 10.2% graphitic carbon and 0.23 % V2O5).

In addition, recent exploration results 30 kilometres to the north of Licence 6142 by Metals of Africa (ASX:MTA) highlight the prospective nature of the wider Balama- Montepuez region of Mozambique.

Post granting of the licences, Mozambi will carry out the following fieldwork:

- Trenching;
- Rock Chip Sampling;
- Mapping;
- Potentially Ground Geophysical Surveys; and
- Drilling Program.

This fieldwork will be aimed at accessing the potential that license area 6142L contains a continuation of the same stratigraphic unit hosting the Balama and Nicanda Hill graphite Resources.

Work at defining targets on license area 6140L will occur concurrently and the company hopes to identify priority targets that will then be drill tested in order to define JORC Resources.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 02 Apr 2015 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147136/mozambi-resources-raising-funds-to-list-options-61581.html
<![CDATA[News - Mozambi Resources closes in on Mozambique graphite licences ]]> http://www.proactiveinvestors.com.au/companies/news/147135/mozambi-resources-closes-in-on-mozambique-graphite-licences-61530.html Mozambi Resources (ASX:MOZ) is preparing to carry out initial exploration work on two highly prospective graphite licences in Mozambique that it has the option to acquire.

It has been advised by the current owner of 6140L and 6142L that all conditions precedent to granting of these licences have now been met.

These licences are in close proximity to existing world class graphite and vanadium deposits held by Triton Minerals (ASX:TON) and Syrah Resources (ASX:SYR).
   
License 6142L is contiguous with Triton’s Nicanda Hill Project (1.46 billion tonnes at 10.7% graphitic carbon and 0.27% V2O5) and 5 kilometres north of Syrah’s Balama Project (1.15Bt at 10.2% graphitic carbon and 0.23 % V2O5).

In addition, recent exploration results 30 kilometres to the north of Licence 6142 by Metals of Africa (ASX:MTA) highlight the prospective nature of the wider Balama- Montepuez region of Mozambique.


Next Steps

Mozambi are currently working with geologists based in Mozambique and Australia and carrying out desktop studies on the tenements under application.

Post granting of the licences, Mozambi will carry out the following fieldwork:

- Trenching;
- Rock Chip Sampling;
- Mapping;
- Potentially Ground Geophysical Surveys; and
- Drilling Program.

This fieldwork will be aimed at accessing the potential that license area 6142L contains a continuation of the same stratigraphic unit hosting the Balama and Nicanda Hill graphite Resources.

Work at defining targets on license area 6140L will occur concurrently and the company hopes to identify priority targets that will then be drill tested in order to define JORC Resources.


Graphite Licences

The licence applications are both located in close proximity to the Triton’s Nicanda Hill deposit (1.457 billion tonnes at 10.7% graphitic carbon and 0.27% V2O5) and Syrah’s Balama deposit (1.15Bt at 10.2% graphitic carbon and 0.23% V2O5 in the Cabo Delgado region.

License 6142L is contiguous with Nicanda Hill and about 5 kilometres north of Balama while License 6140L is located in a largely underexplored area which may hold a lot of potential.

The underlying geology of the tenements are high grade metamorphic rocks of the Mozambique mobile belt which stretches from Mozambique in the south to the red sea in the north marking a continent scale suture.

The belt comprises rocks that have undergone intense deformation, and as a result contains high- grade metamorphic rocks up to granulite level.

Where the initial host rock contained carbon, this is typically converted into graphite at this metamorphic grade during the metamorphic process and there are widespread graphite occurrences throughout the belt.

Several areas within the mobile belt are known to host large tonnage graphite deposits, typically with a relatively high proportion of larger flakes sizes. The deposits that have been identified to date are primarily in Mozambique and Tanzania to the north.


Analysis

Mozambi Resources continues to step closer towards securing the 6140L and 6142L graphite licences in Mozambique.

All conditions precedent to granting of these licences have now been met and the company is preparing to carry out initial exploration work.

In particular, License 6142L offers the opportunity for Mozambi to explore a licence that could contain a continuation of the same stratigraphic unit hosting that occurs at the Balama and Nicanda Hill Resources, both of which have major graphite resources.

This has significant potential given that Triton has noted that graphite concentrate from its Mozambique assets are not only suitable for use in a diverse range of graphite products, it is also capable of being expanded up to 1,000 times.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 31 Mar 2015 10:38:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147135/mozambi-resources-closes-in-on-mozambique-graphite-licences-61530.html
<![CDATA[News - Mozambi Resources lands Mozambique graphite licences ]]> http://www.proactiveinvestors.com.au/companies/news/147134/mozambi-resources-lands-mozambique-graphite-licences-60603.html Mozambi Resources (ASX:MOZ) is the latest Australian company to take up graphite tenements in the highly prospective Cabo Delgado Province of Mozambique.

The company has signed an option to acquire two licence applications, one of which is contiguous with Triton Mineral’s (ASX:TON) Nicanda Hill Project and 5 kilometres north of Syrah Resource’s (ASX:SYR) Balama Project.

Both licences are currently under application with the Mozambique Mines Ministry with their grant expected in the near future.

“We are very excited about the potential this area holds in an emerging basin for graphite and vanadium,” executive director Alan Armstrong said.

“The board is extremely pleased with the quick turnaround time we have seen from the start of negotiations through to this point. The smooth way in which we have been able to conduct this transaction is testament to the emerging mining industry in Mozambique.”


Graphite Licences

The licence applications are both located in close proximity to the Triton’s Nicanda Hill deposit (1.457 billion tonnes at 10.7% graphitic carbon and 0.27% V2O5) and Syrah’s Balama deposit (1.15Bt at 10.2% graphitic carbon and 0.23% V2O5.

License 6142L is contiguous with Nicanda Hill and about 5 kilometres north of Balama while License 6140L is located in a largely underexplored area which may hold a lot of potential.

Under the agreement, Mozambi Resources will pay US$50,000 on acquiring the option and a further US$50,000 and 15 million shares on execution of the sale agreement option.

Further payments are:

- 15 million shares on reaching a JORC compliant resource of 300 million tonnes at more than 5% total graphitic carbon;
- 15 million shares and US$250,000 on reaching a JORC compliant resource of 600 million tonnes at more than 5% total graphitic carbon;

An ongoing Net Smelter Royalty of 3% has also been agreed on all minerals.

The underlying geology of the tenements are high grade metamorphic rocks of the Mozambique mobile belt which stretches from Mozambique in the south to the red sea in the north marking a continent scale suture.

The belt comprises rocks that have undergone intense deformation, and as a result contains high- grade metamorphic rocks up to granulite level.

Where the initial host rock contained carbon, this is typically converted into graphite at this metamorphic grade during the metamorphic process and there are widespread graphite occurrences throughout the belt.

Several areas within the mobile belt are known to host large tonnage graphite deposits, typically with a relatively high proportion of larger flakes sizes. The deposits that have been identified to date are primarily in Mozambique and Tanzania to the north.


Next steps

There has been limited fieldwork conducted on the tenements acquired to date.

Mozambi Resources plans to begin fieldwork immediately after the two licenses are granted and is optimistic about being able to begin fieldwork as early as late February or early March.

This fieldwork will include a program of:

- Trenching;
- Rock chip sampling;
- Mapping; and
- Potentially ground geophysical surveys.

This fieldwork will be aimed at confirming the theory that license area 6142L contains a continuation of the same stratigraphic unit hosting that occurs at the Balama and Nicanda Hill Resources.

Work at defining targets on license area 6140L will occur concurrently and the company hopes to identify priority targets that will then be drill tested in order to define JORC compliant mineral resources.


Analysis

Mozambi Resources move into graphite in Mozambique is a potential game changer given the exploration success enjoyed by fellow Australian companies in defining graphite resources and exploration potential, respectively.

It provides an opportunity to explore a licence that could contain a continuation of the same stratigraphic unit hosting that occurs at the Balama and Nicanda Hill Resources, both of which have major graphite resources.

While it is early days and work to be done, there is potential news flow and price catalysts ahead with fieldwork starting as early as late February or early March and an exploration program beyond that.

Given its tiny market cap, this is a re-setting of Mozambi with a fresh approach and is now a strategic graphite "play".



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 10 Feb 2015 09:55:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147134/mozambi-resources-lands-mozambique-graphite-licences-60603.html
<![CDATA[News - Mozambi Resources to reveal material transaction ]]> http://www.proactiveinvestors.com.au/companies/news/147133/mozambi-resources-to-reveal-material-transaction-60544.html Mozambi Resources (ASX:MOZ) has been granted an ASX trading halt in relation to a material transaction.

The halt will last until the earlier of the announcement being made or the commencement of trade on Tuesday, 10th February 2015.

Mozambi has been evaluating potential investment opportunities both within Australia and overseas.

In the December Quarter 2014, it did not conduct any on ground exploration work at its Bowen River project in Queensland though it worked together with consultants to identify a potential reduced-scale phase 1 drilling program which could be conducted on existing road reserve areas.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 09 Feb 2015 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147133/mozambi-resources-to-reveal-material-transaction-60544.html
<![CDATA[News - Mozambi Coal heads to market ]]> http://www.proactiveinvestors.com.au/companies/news/147132/mozambi-coal-heads-to-market-59592.html Mozambi Coal (ASX:MOZ) has been granted a trading halt by the Australian Stock Exchange, pending details of a capital raising.

Mozambi's shares have been placed in pre-open.

The halt will remain in place until the opening of trade on Wednesday 17th December 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 15 Dec 2014 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147132/mozambi-coal-heads-to-market-59592.html
<![CDATA[News - Mozambi Coal in alliance with Moultrie Group, cornerstone investor ]]> http://www.proactiveinvestors.com.au/companies/news/147131/mozambi-coal-in-alliance-with-moultrie-group-cornerstone-investor-54191.html Mozambi Coal's (ASX: MOZ) shares should trade firmer after placing 10 million shares to Moultrie Group, a service provider to the exploration, mining and infrastructure sectors based in Queensland.

Moultrie will also oversee an initial 7-hole drilling program at the company’s Bowen River project in the Bowen Basin, acquired from Rio Tinto (ASX:RIO).

Moultrie is the leading mining services group in Queensland and provides services to major and small cap resources companies operating in Queensland, New South Wales and through-out Australia.

The placement, which is subject to shareholder approval, is on the same terms as the recently arranged placement to sophisticated investors at $0.01.

This raises an additional $100,000, and Moultrie Group will also receive 5 million free attaching $0.02 options expiring 31 December 2017.

Funds raised from the placement will be used for priority coal exploration activities in the Bowen Basin.


Bowen River project

The area covered by EPC 1768 was previously drilled by Xstrata prior to Rio Tinto acquiring the project looks especially prospective.

All drill holes are reported as having intersected coal, which is encouraging. Previous drilling was sparse and coal seams intersected still have not yet been correlated.

Mozambi has started to compile and database all historical drilling, local field mapping, photogeological studies, and interpretation of airborne geophysics available.

Exploration target

Mozambi is targeting up to three deposits ranging in size from 20 million and 50 million tonnes of coal that are shallow enough to open cut in multiple benches.

EPC 1768 in the Bowen Basin contains outcrops of the Rangal, Moranbah and Fort Cooper coal measures and is close to existing rail infrastructure. It borders Xstrata Coal's granted tenement.

The Rangal and Moranbah are mined extensively within the Basin for coking coal, PCI coal and to a lesser extent, thermal coal.

Adjacent EPC title holders include Aquila Coal, Bowen Central Coal, Dyart Coal Mine Management and Xstrata Coal.

It is also north of the Hail Creek mine owned and operated by Rio Tinto and east of Xstrata’s Newlands mine.

Analysis

Mozambi Coal has an Exploration Target of between 70 million and 140 million tonnes of metallurgical coal for EPC 1768, one of two coal licences it acquired from Rio Tinto.

That previous drilling by Xstrata prior to Rio Tinto acquiring the project - intersected coal in all holes is an obvious pointer to prospectivity and upside.

Based on the coal exploration target and drilling catalysts ahead we estimate value accretion to $0.021-$0.028 for Mozambi Coal within 6-9 months.  

Gaining the backing of Jason Moutrie, one of the leading coal geologists in Australia that provides specialist mining services Australia-wide through the Moultrie Group, adds another leg to the upside for Mozambi.

This should lead to an initial resource being defined.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

 

]]>
Tue, 08 Apr 2014 10:56:00 +1000 http://www.proactiveinvestors.com.au/companies/news/147131/mozambi-coal-in-alliance-with-moultrie-group-cornerstone-investor-54191.html
<![CDATA[News - Mozambi Coal edges closer to drilling at ex-Rio Tinto exploration license in QLD with funding ]]> http://www.proactiveinvestors.com.au/companies/news/147130/mozambi-coal-edges-closer-to-drilling-at-ex-rio-tinto-exploration-license-in-qld-with-funding-53707.html Mozambi Coal (ASX: MOZ) has placed 50 million ordinary shares at $0.01 per share with sophisticated investors to raise $500,000 to commence exploration at its key Queensland coal exploration licence acquired from Rio Tinto Exploration.

The placement was oversubscribed and was with 25 million free attaching $0.02 options.

Notably, Mozambi acquired 100% of the interesting looking EPC 1768 (Bowen River) tenement located in Queensland's renowned coal producing Bowen Basin, 100 kilometres west of Mackay.

Now while the license area is early stage and untested for metallurgical grades of coal, it is located adjacent to existing infrastructure in the region.

Mozambi intends to put a drill bit to work at EPC 1768, with a 3-hole, 5,000 metre RC drilling program with funds raised.

The objective is to work up a project resource estimate to JORC status.

Significantly, adjacent EPC title holders include Aquila Coal, Bowen Central Coal, Dyart Coal Mine Management and Xstrata Coal so the drill program to be carried out by Mozambi will not be short of interest.

The tenement is thought to hold potential for Permian coal from the Rangal, Fort Cooper and Moranbah Coal Measures. 

With a miserly market cap of a tick over $1.3 million (pre-placement), Mozambi is poised with a short sharp drill program.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 17 Mar 2014 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147130/mozambi-coal-edges-closer-to-drilling-at-ex-rio-tinto-exploration-license-in-qld-with-funding-53707.html
<![CDATA[News - Mozambi Coal shares in halt pending capital raising, Queensland coal focus ]]> http://www.proactiveinvestors.com.au/companies/news/147129/mozambi-coal-shares-in-halt-pending-capital-raising-queensland-coal-focus-53651.html Mozambi Coal (ASX: MOZ) has requested a trading halt on its shares pending release of an announcement regarding a proposed capital-raising.

The trading halt will be lifted on commencement of normal trading on Monday 17 March 2014, or when the announcement is released.

Mozambi requires funds to drill test two metallurgical coal permits it acquired from Rio Tinto (ASX:RIO) last year in Queensland's Bowen Basin, with an estimated an exploration target of 70 to 140 million tonnes.

The permits contain outcrops of the Rangal and Moranbah coal measures which are mined extensively for coking coal, and lie close to existing rail infrastructure.

Interestingly, one the tenements shares a border with a licence controlled by Xstrata Coal.

Mozambi paid Rio Tinto $375,000 for the acquisition, with additional milestone payments of up to a further $3 million due upon delineation of a Measured Resource in excess of 50 million tonnes of coking coal and commencement of export shipments.

Drilling these tenements should attract market interest, being acquired from Rio and lying close to Xstrata, and due to Mozambi's very light market cap of around $1 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 13 Mar 2014 11:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147129/mozambi-coal-shares-in-halt-pending-capital-raising-queensland-coal-focus-53651.html
<![CDATA[News - Mozambi Coal sets metallurgical coal target for Rio acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/147128/mozambi-coal-sets-metallurgical-coal-target-for-rio-acquisition-50695.html Mozambi Coal (ASX: MOZ) has sketched out an Exploration Target of between 70 million and 140 million tonnes of metallurgical coal for one of two Queensland coal exploration licences it had acquired from Rio Tinto (ASX: RIO).

EPC 1768 in the Bowen Basin contains outcrops of the Rangal, Moranbah and Fort Cooper coal measures and is close to existing rail infrastructure. It borders Xstrata Coal's granted tenement.

The Rangal and Moranbah are mined extensively within the Basin for coking coal, PCI coal and to a lesser extent, thermal coal.

The company had moved quickly to acquire a 100% interest in EPC 1768, which is 100 kilometres west of Mackay and is also close to permits held by major coal players such as Bowen Central Coal and Dyart Coal Mine Management.

It is also north of the Hail Creek mine owned and operated by Rio Tinto and east of Xstrata’s Newlands mine.

EPC 1768

The area covered by EPC 1768 was previously drilled in the period 2006-2009 by Xstrata prior to Rio Tinto acquiring the project.

While all drill holes are reported as having intersected coal, the drilling was very sparse and the seams have yet to be correlated.

Mozambi has started to compile and database all historical drilling, local field mapping, photogeological studies, and interpretation of airborne geophysics available.

This includes recent government mapping and the publication of the Northern Bowen Basin Geological Framework map in 2008.

Mozambi is targeting up to three deposits ranging in size from 20 million and 50 million tonnes of coal that are shallow enough to open cut in multiple benches.

This covers multiple seams across all three formations with a combination of all coal sales type.

Exploration will be based around intrusion-free areas and seams.

Exploration Program

Exploration success in EPC 1768 will most likely depend upon planning a tightly-focussed exploration drilling program simultaneously geared to characterising local structure and coal quality variations in an expected multi-seam, multi-product, multiple bench open-cut mining operation.

Such a program will require design and implementation of north-east- trending 2D seismic lines, to be spaced at 4 kilometre intervals and completed prior to a closely-spaced drilling program being implemented.

This will identify ““relatively benign” areas, map local areas and demarcating areas of less than 25 degrees dip.

Drilling and coal quality sampling based on closer-spaced drilling – initially 500 metres – while any mining plan is expected to be similar to that of Bandanna Energy’s (ASX: BND) Dingo West Deposit.

Rio Licences

Mozambi had paid Rio Tinto $375,000 for the acquisition of EPC 1768 and EPC 2098 with additional milestone payments of up to a further $3 million due upon delineation of a Measured Resource in excess of 50 million tonnes of coking coal and upon commencement of export shipments of coking coal from EPC 1768 and/or EPC 2098.

EPC 2098 “Carmilla” is located adjacent to the Styx Basin, 117 kilometres south of Mackay (90 kilometres North of Gladstone), Central Queensland.

The licence while greenfields is also adjacent and nearby to EPC title holders include BHP, Anglo Coal and Waratah Coal.

Blackall Agreement

The company has also signed a conditional heads of agreement with Blackall Capital to acquire three further areas of tenure in Queensland, including a 95% interest in EPC 2861, 95% in EPC 2702 and 100% in EPM 25113.

Subject to a formal share sale and purchase agreement and due diligence and obtaining all approvals, the vendors of Blackall will receive up to 30 million new fully paid ordinary shares in Mozambi plus 15 million options to acquire Mozambi shares, exercisable at $0.02 each on or before 31 December 2017.

Analysis

Mozambi Coal has moved quickly to set an Exploration Target of between 70 million and 140 million tonnes of metallurgical coal for EPC 1768, one of two coal licences it acquired from Rio Tinto.

Exploration is likely to follow soon with the company already planning out a program to find deposits suitable for open cut mining.

Along with the its conditional heads of agreement with Blackall Capital to acquire rights to up to 3 further coal licences and applications in Queensland, the company is not wasting any time to make its mark as Australia’s newest coal explorer.

This is a game changer for Mozambi Coal, with a market cap. of just $1.8 million and share price of $0.015. Based on the coal exploration target and catalysts ahead we estimate value accretion to $0.021-$0.028 for Mozambi Coal.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Fri, 29 Nov 2013 12:05:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147128/mozambi-coal-sets-metallurgical-coal-target-for-rio-acquisition-50695.html
<![CDATA[News - Mozambi Coal transitions to Bowen Basin, acquires Rio assets ]]> http://www.proactiveinvestors.com.au/companies/news/147127/mozambi-coal-transitions-to-bowen-basin-acquires-rio-assets-50310.html Mozambi Coal (ASX:MOZ) will emerge from a trading halt having acquired two Queensland coal exploration licences from Rio Tinto Exploration Pty Ltd and could acquire three additional coal licences and applications in Queensland.

This surely steps up the pace for Mozambi from a benign interest in two exploration licences in Mozambique last quarter.

Mozambi has moved fast to acquire a 100% interest in EPC 1768 from Rio Tinto, located in the Bowen Basin, 100km west of Mackay, Central Queensland and covering a total area of approximately 30km.

Significantly, adjacent EPC title holders include Aquila Coal, Bowen Central Coal, Dyart Coal Mine Management and Xstrata Coal.

The EPC is located north of Hail Creek mine owned and operated by Rio Tinto and east of Xstrata’s Newlands mine.

It looks to have potential for coal from the Rangal, Fort Cooper and Moranbah Coal Measures.

EPC 2098 “Carmilla” was also acquired by Mozambi which is located adjacent to the Styx Basin, 117km south of Mackay (90km North of Gladstone), Central Queensland.

The licence while greenfields is also adjacent and nearby to EPC title holders include BHP, Anglo Coal and Waratah Coal.

Heads of agreement to acquire rights to three additional coal licenses in QLD

A conditional heads of agreement has been signed to acquire rights to up to 3 further coal licences and applications in Queensland from other project vendors.

Transaction details

All licences acquired and proposed to be acquired were introduced by Perth based Subiaco Capital Pty Ltd.

The transaction is in two parts, as follows:

- Mozambi has paid Rio Tinto Exploration $375,000 for the acquisition of 100% of EPC 1768 and EPC 2098 from RTX.
- Additional milestone payments of up to a further $3 million are due to RTX upon delineation of a Measured Resource in excess of 50 million Tonnes of coking coal and upon commencement of export shipments of coking coal from EPC 1768 and/or EPC 2098.
- A cash transaction fee of $50,000 is also payable to Subiaco Capital Pty Ltd.

Second part:

- A conditional Heads of Agreement (HoA) between Mozambi and the shareholders of Blackall Capital Pty Ltd (Blackall) has been signed to effectively acquire three further areas of tenure in Queensland, including a 95% interest in EPC 2861, as well as EPC 2702 (95%) and EPM 25113 (100%).
- Subject to a formal share sale and purchase agreement and due diligence and obtaining all approvals, the vendors of Blackall will receive up to 30 million new fully paid ordinary shares in Mozambi plus 15 million options to acquire Mozambi shares, exercisable at $0.02 each on or before 31 December 2017.

Analysis

This is a positive step change for Mozambi Coal. Both the Rio projects are highly prospective for metallurgical coal with nearby rail infrastructure.

EPC 1768 in particular appears very interesting and could have multiple exploration targets within well-known coalbearing formations within the Northern Bowen Basin.

Allied with this, historical company coal exploration boreholes intersected shallow coal seams at depths less than 50 metres. 

EPC 1768 has up to 3 to 4 coking coal type formations.

Now for a $1.5 million market capped company, Mozambi's coal asset acquisitions in the Bowen Basin with adjacent and nearby EPC holders including Aquila Coal, Xstrata Coal, BHP, Anglo Coal and Waratah Coal - lifts the stakes and valuation metrics considerably for Mozambi.

We consider the changes to be value accretive and support a re-rating in the short term and medium term given current share price of just $0.013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 19 Nov 2013 09:35:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147127/mozambi-coal-transitions-to-bowen-basin-acquires-rio-assets-50310.html
<![CDATA[News - Mozambi Coal to make material acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/147126/mozambi-coal-to-make-material-acquisition-50227.html Mozambi Coal (ASX: MOZ) is preparing to release details of a material acquisition.

The ASX has granted the company a trading halt, with its shares placed in pre-open.

Mozambi recently outlined that it was pursuing new investment opportunities to complement the company’s existing operations, which include two exploration licences in Mozambique.

The halt will remain in place until the opening of trade on Tuesday 19th November 2013, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Fri, 15 Nov 2013 11:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/147126/mozambi-coal-to-make-material-acquisition-50227.html