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Volt Resources paves way for Bunyu graphite mining license

Proactive Investors Sunday, 3 December 2017
Following meetings with senior Tanzania government and community officials relation to stage I development of the group’s Bunyu graphite project in Tanzania, flake graphite development company, Volt Resources (ASX:VRC) has established a pathway to obtain a mining license for the project. The Bunyu Project is the largest JORC Mineral Resource deposit in Tanzania with 461 Mln tonnes grading 4.9% TGC (total graphitic content), which comprises 20 mln tonnes measured mineral resources grading 5.3% TGC, 155 mln tonnes Indicated mineral resources grading 5% TGC and 286 mln tonnes Inferred Mineral Resources grading 4.9% TGC with 22.6 mln tonnes of contained graphite. A key takeaway from the meetings completed this week is that the positive benefits of an export-oriented industry are well understood by many within the Tanzanian government and community. The development of Volt’s Bunyu Project will significantly boost regional employment. Volt Resources will provide skills and safety training for local people to participate in the project development and opportunities for local and regional businesses. Commenting on these developments, Volt Resources chief executive, Trevor Matthews said, “We are very grateful for those who took the time to meet with the Company this week, including The Honourable Ms Angellah Kairuki, who affirmed her commitment to foreign investment following her recent appointment as Tanzanian Minister for Minerals.” Volt Resources is also making progress in terms of establishing offtake partners. READ : Volt Resources offtake partner validates quality of Bunyu graphite products

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