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Volt Resources welcomes new chairman to the board

The company's new Tanzanian-born chairman is also its biggest shareholder.
Seats at a table
Volt's strategic plan is to commence graphite production in mid-2018

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).

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