Sign up Australia
Proactive Investors - Run By Investors For Investors

Volt Resources shares bound higher on graphite off-take talks with Chinese

Volt continues to advance its graphite interests in Tanzania.
Volt Resources shares bound higher on graphite off-take talks with Chinese
Volt shares are flying high

Volt Resources Ltd's (ASX:VRC) shares have climbed 17.4% to $0.027 intra-day on firm volume of 8 million, as the company continues to progress discussions with two potential Chinese off-take customers.

Volt is focused on the exploration and development of its wholly-owned Bunyu Graphite Project in Tanzania.

Progress in Tanzania

The company is making significant progress in Tanzania, with the Environmental and Social Impact Assessment (ESIA) well advanced.

The ESIA report for Bunyu is expected to be finalised within the next few weeks and lodged with the Minister of Environment. 

The completion of this process is a key step towards submission of the Mining Licence Application for Stage 1 production.

Volt expects the Mining Licence Application to be lodged before calendar year end.

Trevor Matthews, chief executive officer, commented:

"Volt is fast-tracking the Stage 1 Development of our Bunyu Graphite Project, with a pathway now in place to have the project in production within the next 12-18 months.

"Product testing is well underway and we are advancing with our Chinese partners in a cooperative manner.

"Our aim is to materialise these relationships into binding off-take agreements in the vicinity of 15,000 to 20,000tpa, underpinning the Stage 1 Development of Bunyu.

"The company looks forward to providing further updates on both corporate and operational progress in the near-term."

View full VRC profile View Profile

Volt Resources Ltd Timeline

Related Articles

October 12 2018
The company is working with Ibaera Capital to develop its project and bring it into production.
Copper on the periodic table
March 08 2018
Historical high-grade ore stockpiles present an early cash flow generation opportunity.
maps of the Torrens Copper Project in South Australia
March 20 2018
The company's shares have increased six-fold from their low of 0.6 cents in 2017.

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