Volt Resources Limited provided on status of Zavalievsky Graphite (ZG) and fiscal discipline. The company informed shareholders that ZG team recently started the second production campaign and has produced about 200 tonnes with a goal to produce 1,000 tonnes of graphite. With the graphite produced, ZG is generating revenue.

As of 31 July 2023, ZG had generated product revenues (excludes Horizon program funding) of about EUR 992,000 or about AUD 1.7 million. During the quarter ending 30 June 2023, the Company spent AUD 587,000 on exploration and evaluation activities predominantly the update of Bunyu's Stage 1 feasibility study in Tanzania along with tenement management and license expenditure on the Bunyu Graphite Project and the Guinea Gold Projects.