2018 should be a pivotal year in Volt’s history, potentially seeing it migrate from graphite developer to producer.
However, a number of milestones remain, including offtake agreements on commercial terms (although term sheets have been signed with certain offtakers), mining licence approval and of course the financing of Bunyu Phase 1.
With Bunyu Phase 1 intended to be largely debt funded via a Tanzanian bond issue, and short-term equity funding completed for current work programmes, we see a lower risk of future dilution until Bunyu enters production.
