Sign up Australia
Proactive Investors - Run By Investors For Investors

Volt Resources’ off-take partner validates quality of Bunyu graphite products

The new test work results follow the recent positive feedback received from Chinese partner.
Top quality graphene has numerous applications

Volt Resources Ltd’s (ASX:VRC) offtake partner has confirmed the premium quality of the products derived from graphite at Volt’s Bunyu Graphite Project in Tanzania.

Importantly, the purified graphite and graphene produced from Bunyu product samples by Volt’s North American offtake customer Nano Graphene Inc. (NGI) is of excellent quality and high purity.

Trevor Matthews, chief executive officer, commented: “We are pleased to have received these results, which is further validation of the premium quality of our Bunyu graphite products and this positive feedback will strengthen ties with our existing offtake partners across the spectrum of graphite applications, including the high growth segments of expandable and spherical graphite, as well as graphene.

“Importantly, the initial testwork conducted by NGI earlier this year established the quality of the Bunyu South project area, but now that quality has also been replicated at Bunyu North which is a very significant step forward for the proposed Stage 1 development of the project in the near-term.”

Bunyu graphite validated as a premium quality product

Testwork completed by NGI had previously confirmed the high quality nature of product samples from Volt’s Bunyu South deposit.

The most recent testwork was conducted using product samples from the Bunyu North deposit, which will be the focus of the planned Stage 1 near-term development.

Elemental analysis was conducted on the graphene samples using ultra high vacuum XRF, which returned C content of 99.6% and O content of 0.08%, with no impurity found.

In addition, the properties exhibited by the Bunyu graphite were excellent.

These results follow the positive feedback received from Chinese partner China National Building Materials General Machinery in October.

Binding offtake agreement progressing well

NGI’s Brooklyn-based graphene plant has been commissioned and is now fully operational. Graphene production has commenced and will be steadily ramped up over the coming months.

Volt signed a binding offtake agreement with NGI in March 2017 for a minimum of 5,000 tonnes of flake graphite concentrate over 5 years commencing Q1 2018.

NGI is in the process of securing supply agreements with a number of end-users including a major semi-conductor producer and an emerging car manufacturer, both of which can utilise Volt’s Bunyu graphite product.

Graphene is used across a number of industrial fields

Graphene is a one-atom-thick sheet of carbon atoms arranged in a honeycomb-like pattern.

It is considered to be the world's thinnest, strongest and most conductive material - to both electricity and heat.

Top quality graphene has numerous applications across a number of industrial fields including electricity, conductivity, energy generation, batteries and sensors.

READ NEXT: Volt Resources attracts further funding for graphite project in Tanzania

View full VRC profile View Profile

Volt Resources Ltd Timeline

Related Articles

September 27 2018
Vanadium has outperformed the market significantly over the past three years, and Anglo Pacific is benefittng
July 17 2018
The hard rock collaboration agreement with Omnia Mining has sent channel samples and rock chips for assay sampling.
September 20 2018
The company is hoping to mine its graphite flake, see it turned into concentrate, then produce spherical graphite to supply Korean lithium-ion battery-makers.

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