Volt completes Stage 1 Feasibility Study post-quarter end for the flagship Bunyu Graphite Project in Tanzania.
Key objective of Stage 1 is to establish infrastructure and market position in support of the development of the significantly larger Stage 2 expansion project
Key approvals granted during the quarter for Stage 1 & 2 developments at Bunyu
Binding offtake agreement signed with major Chinese graphite company Qingdao Tiangshengda Graphite for 9,000tpa of Bunyu product over 5 years
Final formal approval received to list Tanzanian Note Issue on Dar es Salaam Stock Exchange
Resettlement Action Plan (RAP) compensation process completed
The global Graphite market is projected to reach USD 29.05 Billion by 2022, at a CAGR of 5.2% driven by a growing demand for lithium-ion batteries, fuel cells, wind energy, etc
Spherical graphite’ for use in lithium-ion batteries, driven by: Accelerating demand for electric vehicles (EV) – reaching 6m in 2020F (vs c. 800k in 2015)
Growing renewable energy take-up driving utility power storage market: California – 50% clean energy target by 2020; Germany 45%
