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Volt Resources Ltd to update on Namangale graphite project

An announcement is expected to be on or before Monday 7th July 2017.
Volt Resources Ltd to update on Namangale graphite project
Volt is focused on the Namangale graphite project

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.

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