Name of the Project
Namangale graphite project.
Location
Tanzania.
Client
Volt Resources.
Project Description
The strategy for the project has been amended.
A previously completed prefeasibility study 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.
Jobs to Be Created
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Value
Not stated.
Duration
Stage 1 production is targeted for mid-2018.
The Stage 2 development is targeted for completion by 2020.
Latest Developments
Volt is working on the preparation of a Stage 1 feasibility study based on production of 10 000 t/y to 20 000 t/y of graphite concentrate.
It is also determining an interim processing solution to produce graphite concentrate to deliver product to Nano Graphene to facilitate early market testing of product from the Namangale project, in accordance with the current binding offtake agreement, by January 2018.
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.