Highlights
- Meetings held this month with key existing and potential new offtake partners in China – strong demand for flake graphite, particularly coarse flake for expansion market
- Existing offtake partners advise they are prepared to sign binding offtake agreements for Bunyu Graphite
Tanzanian-focused flake graphite development company Volt Resources Limited (ASX: VRC) (“Volt” or “the Company”) is pleased to provide the following update on the Company graphite offtake agreement strategy.
Members of Volt’s management team recently visited China to advance discussions on binding offtake agreements in line with the Company’s progress in development funding, Stage 1 feasibility study, development approvals and construction related contracts for the Company’s flagship Bunyu Graphite Project in Tanzania.
Volt is pleased to advise that a number of meetings have been held with CNBM General Technology (formerly known as CNBM General Machinery), Qingdao Guangxing Electronics Materials (GEM), Qingdao Tianshengda Group and two new groups, Haida Graphite and Qingdao Baixing Graphite to progress offtake agreements or commence exchange of project information and product samples for longer term supply arrangement discussions.
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- Figure 1 (L-R) : Volt and Tianshengda executives
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- Figure 2 (L-R) : Mark Hoffman (Volt), Mr. Wang Liang (CNBMGT) and Trevor Matthews (Volt)
Feedback received to date has indicated strong demand for coarse flake material above 100 mesh (150 micron) in size for use in the expandable graphite market, which strongly supports Volt’s processing strategy to maximise the production of coarse flake graphite.
The parties are now progressing with exchanging draft binding offtake agreements in relation to Stage1 offtake. Further updates on these discussions will be provided to shareholders in due course
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- Figure 3 (L-R) : Trevor Matthews (Volt) and Mr Shu (Tianshengda)
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- Figure 4 (L-R) : Mark Hoffman (Volt), Mr Gao Hongguo (GEM) and Trevor Matthews (Volt)
For and on behalf of Volt Resources Limited
Trevor Matthews
Chief Executive Officer
FOR PERSONAL USE ONLY
For further information please contact:
Trevor Matthews – Chief Executive Officer
Tel: +61 8 9486 7788