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Volt Resources receives solid investor feedback in advance of bond issue

Proactive Investors Sunday, 25 February 2018
Volt Resources Ltd (ASX:VRC), an emerging Tanzanian-focused flake graphite development company has hosted a visit of its Bunyu Graphite Project for potential bond investors. The company is currently in the process of undertaking a US$40 million Tanzanian Bond Issue. This is being done in partnership with developing markets investment bank Exotix Capital, a group that focuses on raising finance in the natural resources sector. Earlier in the month, Volt submitted mining licence applications for stages I and II of the project. READ: Volt Resources submits final approval documents for graphite development Capital to assist in production of graphite products Funds raised from the completion of the bond Issue will be deployed towards the Stage I development of the Bunyu Graphite Project. The company is targeting the production of circa 20,000 tonnes per annum of high-quality graphite products. Volt has the largest mineral resource in Tanzania and is aiming to be one of the top three global suppliers of natural graphite by 2020. Visit focuses on processing site and port facilities The investor visit covered the planned mine and mineral processing site and the Mtwara port facilities. Attendees included representatives from Exotix and Orbit Securities Limited, as well as local community leaders from Utimbula and Namangale. The discussion of the Bunyu Project covered infrastructure access, community programs and graphite markets. This overview was presented by Volt management including Trevor Matthews, chief executive officer. Investor appetite remains robust Andrew Moorfield, Exotix’s head of natural resources, said: “The Volt site tour confirmed that East African investor appetite for US dollar linked Tanzanian listed fixed income instruments is robust. “The Volt growth story and management strength is reflected in solid investor feedback.”
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