Volt Resources Ltd (ASX:VRC) CEO Trevor Matthews details progress and aspirations for the Bunyu Graphite Project in Tanzania, as demand and supply for the commodity shifts, sending up prices.
Speaking about a potential note issue on the Dar es Salaam Stock Exchange, Matthews says, “we’re the first miner to proceed with this particular funding pathway… we’re certainly fairly confident, and so are our advisors, that we’ll be successful in raising the US$40 million we need. [That] combined with the completion of mining license approvals and also environmental approvals means that we can be on track to commence construction of our 20,000 tonne per annum stage one project in the current quarter.”