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Volt Resources Ltd to update on Namangale graphite project

Proactive Investors Wednesday, 5 July 2017
Volt Resources Ltd (ASX:VRC) has been granted a voluntary suspension following an ASX trading halt. Volt requested the additional time pending an announcement regarding draft changes to mining legislation proposed by the Tanzanian Government. The company's Namangale graphite project has an estimated a pre-tax net present value of US$1.31 billion based on a 22-year mine life, with an 87% internal rate of return and pay-back period of only 1.4 years.
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