Volt Resources Limited announced it has commenced a Feasibility Study update for its Bunyu Graphite Project in Tanzania. Volt has appointed Perth-based GR Engineering Services Limited ("GRES") to undertake updates on processing, infrastructure and logistics for the Bunyu Stage 1 study delivered in 2018. GRES will also calculate updated capital and operating cost estimates for Stage 1 of the project. Volt will re-examine other study aspects including regulatory requirements, marketing and sales,
financial analysis, project risks and opportunities as well as requirements relating to
environmental, social and community impacts and human resources. Bunyu's Stage 1 outlined a project capable of producing an average 23,700tpa of graphite
products based on a mining and processing plant annual throughput rate of 400,000 tonnes of
ore. The Stage 1 project aimed to establish Volt's market position and infrastructure to support
of the development of the significantly larger Stage 2 expansion project, which aims to increase production to 170,000 tonnes of graphite product annually.