Bunyu Graphite Project

The Bunyu Graphite Project is wholly owned by Volt Resources and is located in Tanzania, East Africa, near sealed roads and 140km from the deep water Mtwara port.

Highlights of the Bunyu Graphite Project can be found below with links to the Pre-Feasibility Study and Stage One Feasibility Study.

  • Volt has the largest JORC resource in Tanzania with 461Mt @ 4.9% TGC and a reserve of 127 Mt @ 4.4% TGC.  Huge upside potential with exploration covering less than 6%.
  • Flake distribution suitable for building materials and battery anode end markets, with test results on Volt’s product achieving excellent purity. Further optimisation of the flotation flow sheet is ongoing to further improve purity and recovery.
  • Volt has a two-stage development strategy with Stage One significantly de-risking the Stage Two expansion through a lower risk small scale development with mine and plant operations, trained workforce, supply chain and product sales experience.  Environmental Impact Assessment Certificate and Mining Licences covering both Stage One and Two are in place.
  • Stage One is based on a mining and processing plant annual throughput rate of 400,000 tonnes of ore based on 6.26% TGC feed grade to produce on average 23,700tpa of graphite products.
  • Stage Two to produce approximately 170,000 tpa based on the Pre-Feasibility Study (PFS) which was completed late 2016 and is used as a proxy for Stage Two.
  • Key objective of Stage One development is to establish infrastructure and market position in support of the development of the significantly larger Stage Two expansion project.
  • Stage One Feasibility Study completed in July 2018 delivers a favourable NPV and IRR over a payback period of 4.4 years with Pre-tax NPV (10%) of US$18.6M and Pre-tax IRR of 21.0%.
  • Total EBITDA for Stage One of US$93.6M over a seven-year Stage One project period with average annual EBITDA of US$13.1M.
  • Product offtakes are in place for Stage One including binding offtakes with Tianshengda Graphite in China and GrapheneCA (Ex Nanographene) in the US and a further non-binding agreement to become binding after Stage One project finance is in place.
  • Advanced Stage One funding process – Mauritius Note offer in progress combined with Africa, US and Middle East investment fund discussions.
  • DFS for Stage Two is planned to proceed concurrently with Stage One project development
  • The PFS had a robust Pre-tax NPV of US$1.31B, 87% IRR and pay-back of 1.4 years based on 22-year LOM based on optimised Measured, Indicated and Inferred Resource categories.

Proceed to the Stage 1 Feasibility Study and Pre-Feasibility Study pages for more highlights