logo-loader
viewVolt Resources Ltd

Volt Resources receives two vital mining licences for Bunyu Graphite Project

The Tanzanian Note Issue is the next key milestone to be complete.

project location map
The licences provide the exclusive right to develop the graphite resources

Volt Resources Ltd (ASX:VRC) has formally received two mining licences covering 17.71 square kilometres from the Tanzanian government for its Bunyu Graphite Project in Tanzania. 

The two licences cover the respective stage I and stage II developments of the Bunyu Graphite Project.

The licences are for 10 years with a right to further 10 year renewals.

READ: Volt Resources granted mining licences for Bunyu Graphite Project in Tanzania

Now that the mining licences have been received, the completion of the Tanzanian Note Issue for the Bunyu development is the next key milestone.

This is remaining milestone prior to Volt proceeding with front-end engineering and design work for the initial stage I operations and the ordering of long lead time components.

Concurrently with the stage I development, Volt plans to be undertaking the definitive feasibility study (DFS) on the large-scale Stage 2 expansion at Bunyu.

Quick facts: Volt Resources Ltd

Price: 0.018 AUD

ASX:VRC
Market: ASX
Market Cap: $34.18 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Volt Resources Ltd named herein, including the promotion by the Company of Volt Resources Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Volt Resources strives to be leading natural flake graphite producer

Volt Resources Ltd (ASX:VRC) CEO Trevor Matthews details progress and aspirations for the Bunyu Graphite Project in Tanzania, as demand and supply for the commodity shifts, sending up prices. Speaking about a potential note issue on the Dar es Salaam Stock Exchange, Matthews says, "we're...

on 18/4/18

2 min read