https://www.miningweekly.com

Volt granted graphite mining licence in Tanzania

18th October 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Volt Resources has been granted two mining licences covering the Stage 1 and Stage 2 developments of its Bunyu graphite project, in Tanzania.

The Stage 1 development is based on a mining and processing plant throughput rate of 40 000 t/y of ore to produce on average 23 700 t/y of graphite products. The main objective of this development is to establish infrastructure and market position in support of a significantly larger expansion at a later stage.

Volt said on Thursday that the mining licences had been granted subject to three conditions, including an acceptance of the boundaries and coordinates of the amended application, the company accepting the proposed licence, and the payment of $1 000 in preparation fees for each licence.

“This is a key milestone for Volt and our shareholders, as we have now effectively received all required primary development approvals in relation to our planned Stage 1 and Stage 2 development at the Bunyu graphite project,” said Volt chairperson Asimwe Kabunga.

Kabunga said that Volt’s near-term focus will remain on the successful completion of the proposed $40-million note issue for the Bunyu development.

Following the completion of the note issue, and board approval, Volt would proceed with the front-end engineering and design work for the initial Stage 1 operations, and the ordering of the long-lead time components.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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