The Stage 1 Feasibility Study is another important step forward in Volt’s plan to become one of the top three global producers of natural flake graphite.
The Company has been implementing a two-stage development strategy following the completion of a large scale Pre-Feasibility Study (“PFS”) in December 2016. Concurrent with the PFS completion, Volt announced the largest graphite JORC Mineral Resource in Tanzania and one of the largest in the world.
Trevor Matthews
Following a detailed strategic review of product markets and financial markets, in May 2017 Volt announced a clear pathway to transition the Company into a globally significant producer of material quantities of high quality graphite products. It was decided that this accelerated pathway would be achieved via the development of the Bunyu Project over two stages.
Trevor Matthews
Stage 1 is focussed on the development of a nominal 20,000 to 25,000tpa graphite mine and processing facility in Tanzania with planned exports of graphite products into the USA, China and other markets. The proposed Stage 2 development is an expansion of Stage 1 production based on the market demand for Bunyu’s graphite products and leveraging the large-scale graphite mineral resource and Bunyu’s close proximity to critical infrastructure.
Trevor Matthews
The Stage 2 expansion is targeted to meet expected significant increases in demand for coarse flake graphite in the expandable graphite market and fine flake size products for battery anode material and other existing and evolving industrial uses for micro carbon products.
Trevor Matthews
This is an exciting period for the Company and its shareholders as we work on this important near-term transition from developer to producer. The delivery of a robust Stage 1 Feasibility Study is a key step towards unlocking the considerable underlying value of our world-class Bunyu Project.
Asimwe Kabunga
Once funding is obtained, the Company will proceed with the Front End Engineering and Design for Stage 1 and place orders for long lead time components. Concurrent with the Stage 1 development, Volt also plans to commence work on the definitive feasibility study for the Stage 2 expansion.
