Volt Receives Bunyu Mining Licences

VOLT RECEIVES BUNYU MINING LICENCES

Volt is pleased to advise that it has formally received mining licences ML 591/2018 and ML 592/2018 from the Mining Commission of the Ministry of Minerals of Tanzania.

Tanzanian-focused flake graphite development company Volt Resources Limited (ASX: VRC) (“Volt” or “the
Company”) is pleased to advise that it has formally received mining licences ML 591/2018 and ML 592/2018
from the Mining Commission of the Ministry of Minerals of Tanzania. As previously advised the two Mining
Licences cover the respective Stage 1 and Stage 2 developments of the Bunyu Graphite Project.

The two ML’s cover a combined area of 17.71km2 and provide Volt with the exclusive right to develop the
graphite resources in the ML area. The ML’s are effective for a period of 10 years and there is a right of
further 10 year renewals under section 53 of the Mining Act.

 

Volt Mine Layout

Stage 1 & Stage 2 Project Layout

 

Now that the Company has formally received the ML’s, the completion of the Tanzanian Note Issue for the
Bunyu development is the remaining key milestone prior to Volt’s subsidiary Volt Graphite Tanzania Ltd
(VGT) proceeding with front end engineering and design work for the initial Stage 1 operations and the
ordering of long lead time components.

Concurrently with the Stage 1 development, VGT plans to be undertaking the Definitive Feasibility Study
on the large-scale Stage 2 expansion at Bunyu.

 

For and on behalf of Volt Resources Limited

Trevor Matthews
Chief Executive Officer

1 Refer to Volt’s ASX announcement titled “Positive Stage 1 Feasibility Study Bunyu Graphite Project” dated 31 July 2018. 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 – Chief Executive Officer
Tel: +61 8 9486 7788