Serbian Lithium Projects

Volt Resources has acquired three licence applications in Serbia, that are considered to be prospective for lithium-borate mineralisation.

The transaction forms part of a larger strategy to position Volt to become a multi-commodity battery minerals company, with projects focussed on the two key minerals in the fast growing lithium-ion battery market – lithium and graphite.

The licence applications are in respect to a total area of 291km2, located in Serbia and are west and south-west of the Serbian capital, Belgrade.

Volt has acquired 100% of the issued share capital in Asena Investments d.o.o. Beograd-Stari grad (Asena), a Serbian company which holds the rights in relation to the three licence applications.

The Jadar North licence application neighbours Rio’s large world class Jadar lithium-borate project.  Limited exploration has already identified the presence of lithium and borate in the Jadar North licence application. The Petlovaca and Ljig licence applications provide further exploration potential for lithium and borate discoveries similar to Jadar North.

Volt looks forward to the licence applications being granted and to completing phase one exploration drilling on the three licences to test the lithium and borate mineralisation potential.