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Volt Resources ticks off another milestone for graphite project in Tanzania

Volt is currently preparing its mining licence application for submission.
map of Tanzania
US$40 million bond issue is progressing

Volt Resources Ltd (ASX:VRC) has lodged the Environmental and Social Impact Statement (ESIS) for its flagship Bunyu Graphite Project in Tanzania.

The submission of the ESIS follows the completion of a significant body of work including flora and fauna surveys, heritage surveys and the development of environmental and social monitoring and management plans.

The study covers the area required for the Stage 1 and Stage 2 expansion projects at Bunyu.

READ: Volt Resources in-the-money options provide cash boost for Bunyu Graphite Project

Volt’s environmental study forms a key component of its near-term development plans for Bunyu and following approval by the authorities, Volt will be issued with the Environmental Certificate for the project.

Mining licence application submission process on-track

Volt is currently preparing its Mining Licence Application (MLA) for submission with the Mining Commission following the recent publication of the new mining regulations in Tanzania.

This process is progressing on-track and the submission of the MLA is the final key approval required for the commencement of Stage 1 development works at Bunyu.

Steady flow of operational milestones

Volt is expected to update shortly on the positive progress of the Exotix Capital US$40 million bond issue and the Stage 1 feasibility study for the Bunyu Project.

Trevor Matthews, chief executive officer, said: “Our team remains focused on delivering a number of key near-term milestones including the submission of the MLA, the completion of the US$40m bond issue and the finalisation of the Stage 1 Feasibility Study for Bunyu– so we expect a steady flow of operational milestones to be executed over the coming months.”

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