Volt Resources Ltd

Volt Resources adds project management experience to board

Giacomo (Jack) Fazio has been appointed as a non-executive director, replacing Alwyn Vorster.

Boardroom chairs and table
The company is in the pre-development phase at Bunyu Graphite Project in Tanzania

Volt Resources Ltd (ASX:VRC) has added project management expertise to its board through the appointment of Giacomo (Jack) Fazio as a non-executive director.

He replaces Alwyn Vorster who resigned from the board upon advising that his commitments as BCI Minerals Ltd (ASX:BCI) managing director require his exclusive attention for the foreseeable future.

Vorster's “valuable contribution”

Volt chairman Asimwe Kabunga said: “On behalf of the company I would like to thank Alwyn for his valuable contribution to Volt Resources during his three-year tenure on the board.

“Alwyn contributed positively to the advancement of the Bunyu Graphite Project towards near-term production and we wish him well in the future.”

READ: Volt Resources advances funding pathways for Bunyu stage I development

Fazio is a highly experienced project, construction and contract/commercial management professional.

He has held senior project management roles with Primero Group Limited, Laing O’Rourke and Forge Group Ltd.

His experience ranges from feasibility studies through to engineering, procurement, construction, and commissioning of diverse mining resources, infrastructure, oil & gas and energy projects.

READ: Volt Resources secures US$1 million to progress Bunyu stage I development funding process

Kabunga said: “We are delighted to have Jack Fazio joining the board, and his extensive project management, engineering and commissioning skills and experience will be a valuable addition to the team as we transition from the project studies and funding phase through to project development and the start of stage I operations at Bunyu.”

Stage I plans

Stage I development is based on a mining and processing plant annual throughput rate of 400,000 tonnes of ore to produce on average 23,700 tonnes of graphite products.

A key objective of the stage I development is to establish infrastructure and market position in support of the development of the significantly larger stage II expansion project.

The project is near critical infrastructure with sealed roads running through the project area, providing ready access to the deep-water port of Mtwara 140 kilometres away.

Quick facts: Volt Resources Ltd

Price: $0.02

Market: ASX
Market Cap: $22.14 m
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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

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