Tanzanian focused flake graphite development company Volt Resources Limited (ASX: VRC) (“Volt” or “the Company”) advises that it has changed the name of its operating subsidiary in Tanzania to Volt Graphite Tanzania Limited (“VGT”) from Nachi Resources Limited. The decision was made to ensure a clear relationship between VGT and its parent company Volt and to eliminate any confusion with other companies operating in Tanzania.
Furthermore, it is important to reiterate this is purely a name change and does not change VGT’s assets or financial position. In addition, with immediate effect, Volt’s flagship project will now be referred to as the Bunyu Graphite Project and no longer the Namangale Graphite Project.
Importantly, Volt has to date experienced no material adverse impact following recent legislative changes to the mining legislation in Tanzania, and the Company expects to provide further updates on corporate and operational progress shortly.
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
Released through Sam Burns, Six Degrees Investor Relations, M: 0400 164 067