Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Volt Resources Ltd's share ride higher expandable graphite results

Proactive Investors Thursday, 10 August 2017
Volt Resources Ltd's (ASX:VRC) shares have traded 12% higher at $0.028 in morning trade following confirmation that graphite concentrate from the company's Namangale project is suitable for a wide array of expandable graphite applications. This enhances the scalability and commercial viability of the entire Namangale deposit as a primary expandable graphite supplier. The results are timely given the recent offtake and cooperation agreements signed by Volt. Trevor Matthews, chief executive officer, commented: "These results provide Volt’s metallurgists and engineers with a more flexible platform to efficiently optimise the most economic development and operation plans for Stage 1 and Stage 2 production across the entire Namangale deposit." The tests were done by a German metallurgical laboratory. Off-take agreements Volt recently signed its fifth offtake agreement this year filling 100% of proposed Stage 1 capacity from Namangale. The company signed a non-binding offtake term sheet with Qingdao Tianshengda Graphite for 10,000 tonnes per annum of flake graphite product from Stage 1 production. This is the fourth agreement that Volt has signed with a Chinese graphite group since management completed a successful product marketing trip in May 2017. Tanzanian changes Volt confirms that recent changes to Tanzania’s mining laws have not deterred customer’s confidence in management’s ability to start production at the Namangale project by mid-2018. Analysis Today's outcome is very positive for Volt, as it means the mine plan can be optimised to source ore from any part of the project mineral resource to meet customer demand for expandable graphite. Demand for expandable graphite is increasing significantly, primarily for it’s non-toxic flame retardant qualities and coupled with the reduction in supply from Chinese mines. This is creating an increase in graphite prices.

Recent related news from verified sources

Coffee with Samso - Graphite, more than an EV story

Graphite is a commodity that is well known but I feel the investing market does not really understand the business and its commercial use as a commodity. While I...
Proactive Investors

Kingston Resources raises $3.1 million through placement of shortfall shares, second diamond rig on-site at Misima Gold Project

Kingston Resources Ltd (ASX:KSN) has raised $3.1 million through the placement of 192,793,865 shortfall shares from its pro-rata non-renounceable rights issue...
Proactive Investors

Galena Mining concludes drilling program at Abra; confirms high-grade lead-silver assays

Galena Mining Ltd (ASX:G1A) has successfully concluded the 2019 project development drilling program at its Abra Base Metals Deposit in Western Australia. A...
Proactive Investors

Canyon Resources latest drill results support bauxite resource growth

Canyon Resources Ltd (ASX:CAY) has received another set of aircore drilling results, this time from its Ngaoundal licence within its Minim Martap Bauxite Project...
Proactive Investors

You Might Like

Other recent news in Business

Nova Minerals aims to fast-track development works at the Thompson Brothers Lithium PROJECTARCHER Exploration reveals high purity alumina exploration target in South Australia
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.