https://www.miningweekly.com

Bunyu (formerly Namangale) graphite project, Tanzania

19th January 2018

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Bunyu (formerly Namangale) graphite project.

Location
The project is located in south-east Tanzania.

Client
Volt Graphite Tanzania, a subsidiary of Volt Resources.

Project Description
The Bunyu project has total mineral resources of 461-million tonnes grading 4.9% total graphitic carbon (TGC).

Total proven and probable reserves are estimated at 127.4-million tonnes grading 4.36% total graphitic carbon.

The strategy for the project has been amended.

A previously completed prefeasibility study (PFS) considered a number of production scenarios, ranging from 60 000 t/y to 240 000 t/y of graphite concentrate over a 20-year mine life.

The revised strategy is to develop Namangale in two stages.

Stage 1 will now focus on the potential development of a 10 000 t/y to 20 000 t/y graphite mine and processing facility, with products expected to be exported to the US, China and other markets.

Stage 2 expansion will be based on market demand.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The PFS demonstrated a pretax net present value, at a 10% discount rate, of $1.31-billion and an internal rate of return of 86.9%, with a payback of 1.4 years from first ore to process plant.

Value
The PFS estimated capital expenditure at $173-million.

Duration
Not stated.

Latest Developments
Volt Resources has raised $4.7-million to support the fast-tracking of the Stage 1 development of the Bunyu graphite project.

The company exercised 235.6-million listed options at $0.02, with the shortfall of 24-million options jointly underwritten and taken up by Empire Capital Partners and Cove Capital under an option underwriting agreement.

“Volt is now strategically positioned to execute on a number of operational milestones as part of the Stage 1 development of Bunyu, with near-term deliverables to include the finalisation of all project approvals and completion of the Stage 1 feasibility study,” Volt CEO Trevor Matthews has said.

The Stage 1 feasibility study is expected to be completed in the first quarter of 2018.

Volt aims to develop Bunyu Stage 1 to process 400 000 t/y of ore and produce a nominal 20 000 t/y of graphite products.

In October 2017, Volt appointed Exotix Capital to undertake a Tanzanian bond issue to raise the required funding for the development of Stage 1 of the Bunyu project.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Volt Resources, tel +61 8 9486 or email info@voltresources.com.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.115 0.147s - 90pq - 2rq
Subscribe Now