Company News
Guinea Gold and Bunyu Graphite Projects Update
Further to the conversion of the Kouroussa and Nzima permits to exploration permits, Volt has converted one more permit (Fadougou permit) from a reconnaissance permit into a gold exploration permit.
Termination of Zambian Project Acquisition and Guinea Gold Projects Update
African focussed gold and graphite explorer and developer aVolt Resources Limited (ASX:VRC) (“Volt” or “the Company”) advises that it will not be proceeding with the proposed acquisition of an 85% interest in the Luiri Hill Gold Project.
Guinea Gold Project Exploration Update
Volt has converted it’s Kouroussa and Nzima permits from reconnaissance permits into gold exploration permits
Quarterly Activities Report To 30 June 2020
Highlights:
- Binding Term Sheet executed to acquire an 85% interest in the Luiri Hill Gold Project in Zambia
- Luiri Hill Gold Project JORC 2012 Mineral Resource Estimate of 10.2Mt at 2.6g/t gold for 851,000 ounces gold
- Luiri Hill licences formally confirmed in good standing by the Zambian Government
- Advancing to project acquisition completion this quarter
- Grassroots exploration projects acquired in Guinea with initial exploration programs undertaken during the quarter
- Guinea projects acquisition completed in late July
- $800k capital raising completed
- Board changes and expenditure reduction program implemented
- Mauritian Note Offer extended to 30 September 2020
Gold and flake graphite development company Volt Resources Limited (ASX: VRC) (“Volt” or, the “Company”) is pleased to report on the Company’s activities for the quarter ended 30 June 2020.
June Quarter Activities Overview
The quarter saw activity in relation to Volt’s progression in establishing a new gold business whilst continuing with the development of its Bunyu Graphite Project in Tanzania.
Together the proposed acquisition of the Guinea gold projects announced on 14 May 2020 (the “Guinea Gold Projects”) and the acquisition of the Luiri Hill Gold Project announced on 21 May 2020, will provide Volt with a combination of highly prospective grass roots exploration projects in Guinea together with an 85% interest in an advanced gold project in Zambia that has near term development potential.
The creation of a new gold business provides Volt shareholders with the opportunity to participate in the potential value accretion from gold exploration and development activities at a time when gold prices are at historical record levels, particularly through leveraging the Company’s existing extensive networks in Africa.
Luiri Hills Gold Project – Zambia
On 21 May 2020, the Company announced it had entered into a binding Term Sheet (“Term Sheet”) to conditionally acquire an 85% interest the Luiri Hill Gold Project (“Luiri Project”) located in south-central Zambia, 120km west-northwest of the Zambian capital of Lusaka.
The Luiri Project is an advanced gold project with considerable drilling and studies already undertaken. The Matala and Dunrobin deposits, which collectively form the Luiri Project, have the potential to be developed into a medium scale gold mine in the short term.

Updated Mineral Resource Estimate
During the quarter, Optiro Pty Ltd (Optiro) provided assistance to Volt with an updated Mineral Resource estimate for the Matala and Dunrobin deposits1.
The open pit Mineral Resources at Dunrobin and Matala are reported above a 0.5 g/t gold lower cut-off grade and within preliminary pit shells based on a gold price of US$1,800/oz and the potential underground resources, that are external to the pit shells, are reported above a 1.0 g/t gold lower cut-off (Table 1).
These cut-off grades were selected by Volt and are commensurate with cut-off grades applied for the reporting of gold Mineral Resources elsewhere in Africa. The Mineral Resources include Measured Mineral Resources of 1.0 Mt at 2.7 g/t gold (86 koz gold), Indicated Mineral Resources of 4.3 Mt at 2.8 g/t gold (381 koz gold) and Inferred Mineral Resources of 4.9 Mt at 2.4 g/t gold (385 koz gold). The total Mineral Resource is 10.2 Mt at 2.6 g/t gold for 851 koz gold.

• Reported above a gold cut-off grade of 0.5 g/t for open pit potential (within a preliminary pit shell) or 1.0 g/t or underground potential (external to the pit shell).
• Tonnages and grades have been rounded to reflect the relative uncertainty of the estimate
Leach Pads Mineral Resource
The Company has advised of the presence of large leach pads at Luiri Hill containing gold bearing ore. Initially the Company is arranging for a representative sample to be analysed and is planning a drilling, survey and density measurement programme utilising the services of Optiro and Zambian based GeoQuest to enable the preparation of a JORC Mineral Resource estimate for the Leach Pads.
Acquisition
The Company has entered into a binding term sheet to acquire an 85% interest in the Project.
Following shareholder approval for the issue of shares to the project vendors on 20 July 2020, Volt has substantially completed its due diligence enquiries on the Luiri Hill Gold Project and is progressing to completion.
Gold Projects Guinea
During the quarter, Volt entered into an agreement, to acquire three highly prospective gold projects located in Guinea, Africa. The projects comprise six permits (“Permits”) with a total area of 388km2 in the prolific Siguiri Basin which forms part of the richly mineralised West African Birimian Gold Belt.
Guinea Projects and Permits
Volt has six permits and has formed them into three projects – the Kouroussa Project, Mandiana Project and Konsolon Project. See Figure 2 below for the project and permit locations.
The Kouroussa Project is formed by three permits, the Kouroussa, Kouroussa West and Fadougou permits. The Kouroussa and Kouroussa West permits border PDI’s Kaninko Project which was the subject of a recently announced discovery of high-grade gold mineralization.
The Konsolon Project constitutes one large permit named Konsolon. The permit has a NW-SE trending soil geochemical anomaly identified by previous explorers.
The Mandiana Project is formed by the Nzima and Monebo permits. The Nzima permit area surrounds the Nzima gold deposit which is operated by small scale miners.

Exploration activities
During the quarter, the Company announced that exploration activities had commenced at its Guinea Gold Projects located in the Siguiri Basin. The exploration programs are being undertaken by Volt’s newly formed Guinea team comprising three geologists led by one expatriate senior geologist and mineral exploration consultancy and drilling company, Sahara Natural Resources.
Volt and the Sahara geology teams have completed the desktop study phase for new Guinea Gold Projects and commenced initial field exploration works.
Konsolon Project
Historical data compilation of the Konsolon Permit has identified multiple “gold in soil” anomalies between 1 to 2.5km in length. This project is located ~20km west from Nordgold’s Lefa Gold Mine which has Mineral Resources and Ore Reserves of over 6 million ounces of gold.
The Company has undertaken additional review of the Konsolon legacy soil geochemistry. Multiple gold in soil anomalies were identified of between 1.0km and 2.5km in length across this permit.
Review of soil samples in this dataset has identified high grade gold including 20.25g/t, 12.87g/t, 5.12g/t, 4.97g/t and 3.21g/t.
Volt will collect grab samples across prospective zones prior to undertaking an auger geochemistry program to refine drill targets.
Kouroussa Project
The desktop studies and initial site visits have identified the presence of Birimian greenstone sequences in all Kouroussa Project permits. The geology is similar to Predictive Discovery’s (PDl:ASX) permits and the nearby Kouroussa and Kiniero Gold Projects currently in development.
In the Kouroussa area significant artisanal workings have been mapped along a northeast interpreted structural trend through the Kouroussa and Fadougou permits. Gold panning of material from one of the artisanal pits produced visible gold. This structural trend hosts the nearby Predictive Discovery and Cassidy Gold Projects.
Volt has extended its Kouroussa West permit area to the south, doubling its size. Active small scale gold mining has been identified 1.5km south of the permit area.
Mandiana Project
Volt’s in-country geology team has commenced field activities in its Monebo and Nzima permits. The Nzima permit is in close proximity to the Nzima large artisanal mining operation. Work completed includes:
- Geological mapping of artisanal workings and collection of grab samples.
- Numerous active artisanal workings have been mapped across both permits.
- A total of 90 grab samples have been collected in Monebo (11 grab samples) and Nzima (79 grab samples) permits. The samples have been despatched to SGS Mali for analysis.
Transaction details
The Company entered into a Share Sale Deed to acquire all of the issued shares in Gold Republic Pty Ltd (Gold Republic), an Australian proprietary company controlled by Volt Chairman, Mr Asimwe Kabunga.
Gold Republic is the legal and beneficial holder of all of the issued share capital in each of Norsk Gold Pte. Ltd, (a registered Singapore entity which in turn is the legal and beneficial holder of all of the issued share capital in Novo Mines Sarlu) and KB Gold Sarlu. Novo Mines and KB Gold hold 100% of the legal and beneficial interests in the Permits.
Completion of the acquisition occurred subsequent to the period end.
Capital Raising
During the quarter, the Company successfully raised A$800,000 (before costs) to assist with funding the initial exploration programs on the Guinea gold project and to provide working capital for Volt’s Tanzanian graphite project and meet corporate costs.
The capital raising was completed through the placement of 160,000,000 new fully paid ordinary shares at A$0.005 per share (Placement) plus 80,000,000 unlisted options with an exercise price of A$0.01 and a maturity date 24 months from the date of issue (with each investor to receive one option for every two shares subscribed for under the Placement).
The Placement securities were issued pursuant to Volt’s 15% capacity under ASX Listing Rule 7.1.
Mauritian Note Offer
The Note Offer opened on January 27 and is now planned to close by 30 September 2020. The first day of trading of the Notes on the Stock Exchange of Mauritius DEM is expected to be 6 October 2020.
As previously advised (see ASX release dated 28 January 2020), Volt’s wholly owned subsidiary Volt Graphite Tanzania Plc (“VGT”), is aiming to raise US$15,000,000 through the issue of Senior Notes – with a greenshoe option of up to US$15,000,000 – to raise a total of US$30,000,000 by way of private placing on the Development and Enterprise Market (“DEM”) of the Stock Exchange of Mauritius (“SEM”).
Due to the widespread and continuing impact of the COVID-19 pandemic on financial markets where the Senior Notes are being marketed combined with the associated delays as institutions and investment groups change their work arrangements leading to the deferral of investment decisions and travel restrictions significantly impacting the Company’s ability to market the Senior Notes, the Company is providing additional time for investors to complete their internal due diligence and investment approval process and allow the Company the opportunity to appropriately market the Senior Notes.
Board and Management Changes and Expenditure Reduction
The Board of Volt Resources was restructured with the resignation of Non-executive Director Stephen Hunt and the Chief Executive Officer, Trevor Matthews, was appointed as Managing Director commencing 1 May 2020.
Combined with the board changes, director fees were reduced effective 1 May 2020 with the Chairman fee reduced to $3,000 per month and the Non-executive Director fee reduced to $2,000 per month. The Managing Director will be engaged under a consultancy agreement and will be paid a fixed monthly fee of $3,000 per month with incremental services charged at an hourly rate of $200 per hour.
During the period the lease for the serviced office expired and Volt transitioned to a Virtual Office arrangement at quarter end. This change utilises remote working capabilities including the use of video conferencing, further reducing administration overheads.
Cash Position and Mid-Term Funding
The Company finished the 30 June 2020 quarter with $265k in cash.
With the Company having completed all of the activities to move the Bunyu Graphite Project to its development ready status, Volt is focussed on securing the funding for the Stage 1 development. With the addition of multiple gold projects in two countries, Volt will be preparing plans and budgets to progress the gold assets through a targeted exploration phase in Guinea and expanding the already significant resource base at Luiri Hills along with considering early gold production options based on the significant gold mineralisation within the leach pads at the project site.
To fund these activities Volt will be considering its funding options including equity or quasi-equity issuances in the course of the current quarter.
Related Party Payments
During the quarter $nil was paid in respect of Non-Executive Directors fees.
Management Commentary
Volt Resources Managing Director Trevor Matthews said:
“This has been a quarter of significant change for Volt. The creation of a gold business incorporating our highly prospective grass roots exploration projects in Guinea and a near development ready project in Zambia will provide Volt shareholders with exposure to gold at a time of record prices.
Volt has also made some major board, corporate and operational changes to reduce costs during the course of this year and we continue to work on obtaining the finance to develop Stage 1 Bunyu Graphite Project in Tanzania.”
This announcement was authorised for release by the Board of Volt Resources Ltd.
1 Refer ASX announcement dated 25 June 2020 and titled “Luiri Hill Gold Project Mineral Resource Estimate 851,000 ounces at 2.6 g/t gold”. The Company confirms that it is not aware of any new information or data that materially affects the information included in this document and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.
FOR PERSONAL USE ONLY
For further information please contact:
Trevor Matthews
Managing Director
Tel: +61 8 9486 7788
Guinea And Zambia Gold Projects Update
Volt Resources Limited (ASX: VRC) (“Volt” or the “Company”) is pleased to provide the following update regarding its progress in establishing a new African focussed gold business whilst progressing the development of its Bunyu Graphite Project in Tanzania.
Completion of acquisition of Guinea Gold Projects
Volt is pleased to advise that it has now completed the acquisition of all of the issued shares in Gold Republic Pty Ltd (“Gold Republic”). Gold Republic holds the permits for three gold projects (Mandiana, Konsolon and Kouroussa) located in Guinea, Africa. The projects comprise six permits located in the prolific Suiguri Basin with a total area of 388km2.
Luiri Hill Gold Project in Zambia
Volt has substantially completed its due diligence enquiries on the Luiri Hill Gold Project and is progressing to completion.
Under the terms of the Binding Term Sheet dated 18 May 20201, Volt conditionally agreed to acquire an 85% interest in the Luiri Hill Gold Project via an acquisition of an interest in each of Cupriferous Resources Limited and Bukomo Mining Limited. Volt’s Zambian partners would continue to retain a 15% ownership in the project and remain actively involved in the funding and development of the Luiri Hill Gold Project.
Cupriferous Resources Limited is the holder of a Large Scale Exploration Licence No. 23009-HQ-LEL covering an area of approximately 31km2 in south-central Zambia and Bukomo Mining Limited and Cupriferous together hold a Mineral Processing Licence No. 20943-HQ-MPL which falls within the Cupriferous Licence area.
The Company also notes the article in yesterday’s edition of The Australian entitled “Three-way fight For Zambia’s Luiri Hill gold mine”. The article refers to a claim by a company called Westate Capital Ltd (Westate) regarding its purported ownership of information relating to the Luiri Hill Gold Project and raises concerns over Volt’s entitlement to access and make use of that information.
Volt is currently seeking clarification from the Zambian Government regarding its right to use and access the relevant information. Volt understands that the Zambian Government has the rights to this information, such that Westate may not have any proprietary interest in that information. Volt has already obtained the necessary approval from the existing licence holders to access and obtain information regarding the Luiri Hill Gold Project from the Zambian Government.
Volt will keep shareholders informed of all material developments.
Authorised by:
Trevor Matthews
Managing Director
Volt Resources Limited
1 Refer to ASX announcement dated 21 May 2020 entitled “Binding Term Sheet to Acquire Advanced Gold Project”
FOR PERSONAL USE ONLY
For further information please contact:
Trevor Matthews
Managing Director
Tel: +61 8 9486 7788
Guinea Gold Projects Exploration Update
Highlights
- Volt has received assay results from its initial reconnaissance program over the Mandiana Project (Nzima and Monebo Permits) and the Kouroussa Project (Kouroussa Permit)
- Significant assay results from the projects include:
Project | Permit | Significant Assays |
---|---|---|
Mandiana | Nzima | 14.5 g/t Au, 2.93 g/t Au, 1.54 g/t Au & 0.86 g/t Au From grab samples |
Monebo | 8.89 g/t Au, 0.73 g/t Au & 0.14 g/t Au From grab samples | |
Kouroussa | Kouroussa | 1.02 g/t Au, 0.77 g/t Au, 0.46 g/t Au From grab samples |
- Grab samples have confirmed gold mineralization in all three permits (Nzima, Monebo and Kouroussa)
- Remote sensing targeting completed using Sentinel 2A satellite image processing by Sahara Natural Resources has identified 56 potential targets. Ground truthing and sampling of the targets has been completed across the Kouroussa and Mandiana Projects.
- The exploration team is now at the Konsolon Project ground truthing and collecting grab samples from remote sensing targets and from historical soil sample areas.
Volt Resources Limited (ASX: VRC) (“Volt” or “the Company”) is pleased to provide an exploration update for the Mandiana, Konsolon and Kouroussa Projects located in Guinea. The Company has been actively conducting reconnaissance grab sampling across all its permits.
During the program the exploration team made geological observations, photographed and collected grab samples from artisanal workings, termite mounds and other interesting geology. A total of 503 samples were collected from all permits within the Kouroussa and Mandiana Projects. All samples were dispatched to the analytical laboratory for analysis.
Initial results for Mandiana Project (Nzima and Monebo Permits) and Kouroussa Project (Kouroussa permit) have been received. The results have confirmed gold mineralization in all permits. Grades between background and 14g/t Au from grab samples have been received.
The team completed the reconnaissance sampling programs over Mandiana and Kouroussa Projects and have mobilized to Konsolon. The work programs in Konsolon include sampling aimed at verification of previous
exploration results and ground truthing of targets generated by remote sensing. After completion of the Konsolon program, the Company will suspend field activities until the wet season ends.
Mandiana Project
Nzima Permit
A total of 113 samples collected and dispatched to the laboratory. The samples were collected from floats, workings and termite mounds. The results for 85 samples including QA/QC have been received. The results
have confirmed the presence of gold mineralization and have identified 3 anomalous targets.
Table 1 shows the anomalous results whilst a full table is attached as Appendix 1. Figure 1 is the map showing the assayed sample results. (Two areas of continuous anomalies are highlighted by red circles)


The photos below show the artisanal activities observed in the Nzima permit area.
Monebo Permit
A total of 23 samples were collected from this permit with only results for 11 samples received to date. The samples were collected from floats, orkings and termite mounds. About 50% of all samples have returned
anomalous gold values greater than 0.05g/t Au. The results have confirmed the presence of gold mineralization within the permit.
Table 2 shows the anomalous results whilst a full table is attached in appendix 1. Figure 2 is the map showing the grab sample results.


Kouroussa Project
Kouroussa Permit
A total of 76 samples were collected and dispatched to the laboratory. All the results have been received. The samples were collected from floats, workings and termite mounds. The results have confirmed the presence of gold mineralization.
Table 3 shows the anomalous results whilst a full table is attached as Appendix 1. Figure 3 is the map showing the grab sample results (targets are highlighted by red circles).


Next Steps for Mandiana and Kouroussa Projects
The Company is waiting for the outstanding grab sample results and will plan a follow-up systematic auger geochemical sampling program. The program will be executed at the beginning of the dry season in late November.
Konsolon Project
The team is at the Konsolon Project undertaking ground truthing on remote sensing targets and collecting grab samples from anomalous areas identified by previous exploration. The samples collected will assist in
validating historical data.
Previous exploration soil sample results returned high grade gold values including 20.25g/t, 12.87g/t, 5.12g/t, 4.97g/t and 3.21g/t per figure 4 below.

Guinea Projects and Permits
Volt has six permits covering an area of 348.7 square kilometres in Guinea’s highly prospective Siguiri Basin and has grouped them into three projects – the Kouroussa Project, Mandiana Project and Konsolon Project. See Figure 1 below for the project and permit locations.
The Kouroussa Project comprises three permits, the Kouroussa, Kouroussa West and Fadougou permits. The Kouroussa and Kouroussa West permits border the PDI permit which was the subject of a recently announced discovery of high-grade gold mineralization. To the NE, the Kouroussa Permit borders the Kouroussa mine and the Fadougou permit is located 13km NE of the same mine.
The Konsolon Project constitutes one prospective permit. The permit consists of several geochemical gold in soil anomalies identified by previous explorers.
The Mandiana Project comprises the highly prospective Nzima permit and Monebo permit. The Nzima permit borders the Nzima artisanal mine and is 15km SW of the 1.1Moz Tri-K Deposit owned by Managem

Authorised by:
Trevor Matthews
Managing Director
Volt Resources Limited
FOR PERSONAL USE ONLY
For further information please contact:
Trevor Matthews
Managing Director
Tel: +61 8 9486 7788
Results of General Meeting
Volt Resources Limited (“the Company”) wishes to advise pursuant to Listing Rule 3.13.2 that all resolutions presented at the General Meeting of Shareholders held today were carried by a poll.
In accordance with Listing Rule 3.13.2 and section 251AA of the Corporations Act, the Company advises details of the resolutions and the votes received in respect of each resolution are set out in the attached
summary.
By order of the Board
Susan Hunter
Company Secretary
FOR PERSONAL USE ONLY
For further information please contact:
Trevor Matthews
Managing Director
Tel: +61 8 9486 7788
Luiri Hill Gold Project Licences Confirmed in Good Standing
African focused gold and graphite explorer and developer Volt Resources Limited (ASX: VRC) (“Volt” or “the Company”) is pleased to advise that the Luiri Hill Gold Project’s Large Exploration Licence and the Mineral Processing Licence have been formally confirmed to be in good standing by the Republic Of Zambia’s Mining Cadastre Department and the Mines Development Department respectively. The written confirmation by the Zambian government of the good standing of both licences is a key component of the project acquisition.
Cupriferous Resources Limited is the holder of a Large Scale Exploration Licence No. 23009-HQ-LEL covering an area of approximately 31km2 in south-central Zambia and Bukomo Mining Limited and Cupriferous together hold a Mineral Processing Licence No. 20943-HQ-MPL which falls within the Cupriferous Licence area (together the Licences). The Licence holder and area are identified in the below images from the Zambia Mining Cadastre Portal.


Under the terms of the Binding Term Sheet dated 18 May 20201, Volt will acquire an 85% interest in the Luiri Hill Gold Project to form a partnership with the current Zambian shareholders of Cupriferous and Bukomo for the funding and development of the Luiri Hill Gold Project.
Completion of the acquisition is subject to the satisfactory completion of Volt’s due diligence enquiries, the execution of a share sale agreement in a form acceptable to Volt, as well as the approval of Volt shareholders to the issue of the consideration shares to be sought at an upcoming meeting of Volt shareholders to be held at 10.00am Monday 20 July 2020. Approval for the change in ownership of the Licences by the Zambian Ministry for Mines will also be required.
Volt has already undertaken work on the Luiri Hill Gold Project development as follows:
- Obtained the project database containing historical drilling, sample analysis, resource models and reports, metallurgical reports, feasibility studies, etc. The estimated value of this and other information is in excess of US$20M and would take a number of years to replicate.
- Completed and published an updated JORC 2012 Mineral Resources estimate for the project which reported 10.2 million tonnes at 2.6 g/t gold for 851,000 ounces of gold at the Matala and Dunrobin deposits2 This included the development of optimised pit shells for Matala and Dunrobin.
- Prepared and shipped for analysis a representative sample from the Leach Pads on the Mineral Processing Licence. This will provide important preliminary information on the gold grade within the Leach Pads.
- Planned and now arranging for the commencement of drilling, sampling, analysis, density measurement and volumetric survey of the Leach Pads to prepare a JORC 2012 Mineral Resource estimate.
- Undertaking a metallurgical review of the various project reports to identify any further metallurgical testwork that needs to be undertaken in relation to selecting viable processing options for the Leach Pads and stockpiles, combined with a large scale gold processing plant and associated infrastructure for the extraction of the in-situ Mineral resources at the Matala and Dunrobin deposits.
Volt Managing Director, Trevor Matthews, commented
“Obtaining confirmation of the good standing of the Luiri Hill Gold Project licences is a key step forward for the acquisition.”
“The Company has taken the opportunity during the due diligence process to further develop our understanding of the Project and progress with key programs of work to identify the best pathway to early production.”
“Volt has already shown its strong commitment to the development of the Luiri Hill Gold Project through the activities it has undertaken in the short time since we signed the Binding Term Sheet.”
Authorised by:
Trevor Matthews
Managing Director
Volt Resources Limited
1 Refer to ASX announcement dated 21 May 2020 entitled “Binding Term Sheet to Acquire Advanced Gold Project”
2 Refer to ASX announcement dated 25 June 2020 entitled “Luiri Hill Gold Project Mineral Resource Estimate 851,000 ounces at 2.6 g/t gold”
FOR PERSONAL USE ONLY
For further information please contact:
Trevor Matthews
Managing Director
Tel: +61 8 9486 7788
Update on Mauritian Note Offer
African focussed gold and graphite explorer and developer Volt Resources Limited (ASX: VRC) (“Volt” or “the Company”) wishes to advise that the closing date of the Company’s Mauritian Note Offer (“Note Offer”) has been extended.
The Note Offer opened on January 27 and is now planned to close by 30 September 2020. The first day of trading of the Notes on the Stock Exchange of Mauritius DEM is expected to be 6 October 2020.
As previously advised (see ASX release dated 28 January 2020), Volt’s wholly owned subsidiary Volt Graphite Tanzania Plc (“VGT”), is aiming to raise US$15,000,000 through the issue of Senior Notes – with a greenshoe option of up to US$15,000,000 – to raise a total of US$30,000,000 by way of private placing on the Development and Enterprise Market (“DEM”) of the Stock Exchange of Mauritius (“SEM”).
Due to the widespread and continuing impact of the COVID-19 pandemic on financial markets where the Senior Notes are being marketed combined with the associated delays as institutions and investment groups change their work arrangements leading to the deferral of investment decisions and travel restrictions significantly impacting the Company’s ability to market the Senior Notes, the Company is providing additional time for investors to complete their internal due diligence and investment approval
process and allow the Company the opportunity to appropriately market the Senior Notes.
Authorised by:
Trevor Matthews
Managing Director
Volt Resources Limited
FOR PERSONAL USE ONLY
For further information please contact:
Trevor Matthews
Managing Director
Tel: +61 8 9486 7788