Sign up Australia
Proactive Investors - Run By Investors For Investors

Volt Resources receives solid investor feedback in advance of bond issue

The company is aiming to be a top three global supplier of natural graphite by 2020.
Picture of graphite
Investment bank, Exotix said that the Volt growth story was acknowledged by investors

Volt Resources Ltd (ASX:VRC), an emerging Tanzanian-focused flake graphite development company has hosted a visit of its Bunyu Graphite Project for potential bond investors.

The company is currently in the process of undertaking a US$40 million Tanzanian Bond Issue.

This is being done in partnership with developing markets investment bank Exotix Capital, a group that focuses on raising finance in the natural resources sector.

Earlier in the month, Volt submitted mining licence applications for stages I and II of the project.

READ: Volt Resources submits final approval documents for graphite development

Capital to assist in production of graphite products

Funds raised from the completion of the bond Issue will be deployed towards the Stage I development of the Bunyu Graphite Project.

The company is targeting the production of circa 20,000 tonnes per annum of high-quality graphite products.

Volt has the largest mineral resource in Tanzania and is aiming to be one of the top three global suppliers of natural graphite by 2020.

Visit focuses on processing site and port facilities

The investor visit covered the planned mine and mineral processing site and the Mtwara port facilities.

Attendees included representatives from Exotix and Orbit Securities Limited, as well as local community leaders from Utimbula and Namangale.

The discussion of the Bunyu Project covered infrastructure access, community programs and graphite markets.

This overview was presented by Volt management including Trevor Matthews, chief executive officer.

Investor appetite remains robust

Andrew Moorfield, Exotix’s head of natural resources, said: “The Volt site tour confirmed that East African investor appetite for US dollar linked Tanzanian listed fixed income instruments is robust.

“The Volt growth story and management strength is reflected in solid investor feedback.”

View full VRC profile View Profile

Volt Resources Ltd Timeline

Related Articles

Picture of drill rig
May 03 2018
The Strickland project covers over 100 strike kilometres of greenstone belts and straddles the Evanston and Yuinmery Shear Zones.
September 17 2018
Cash is about to start flowing into Red Rock's coffers on a significant scale
lithium in periodic table
July 25 2018
Ironridge has an extensive West African and Australian exploration portfolio

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use