Volt Resources looks to secure financing for Bunyu project as company signs two offtake agreements
May 02, 2023 at 10:32 am EDT
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Volt Resources CEO Prashant Chintawar joined Steve Darling from Proactive to share news the company has provided and update on its work of advancing the Bunyu project. The company recently signed two off take agreements for “fine natural flake” and “coarse natural flake” for 5 years with two different companies. Chintawar telling Proactive, with these agreements in place the company is focussing on completing discussions with non-bank financiers to fund Bunyu project. Chintawar also shared the company has started work on a Feasibility Study for natural graphite anode material plant with Worley. That report is expected to be released in September.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
Company Website
https://www.proactiveinvestors.com.au/
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Volt Resources Limited is an Australia-based minerals and battery material company. The Company is focused on the exploration and development of its wholly owned graphite and gold projects in Tanzania and Guinea, as well as its 70% interest in the Zavalievsky Graphite business in Ukraine. It acquired three license applications that are considered prospective for lithium-borate mineralization. The license applications are in respect of a total area of approximately 291 square kilometers (km2), located in Serbia and are west and south-west of the Serbian capital, Belgrade. The Bunyu Graphite Project is located near to critical infrastructure with sealed roads running through the project area and ready access to the deep-water port of Mtwara, over 140 km from the Project. The Guinea Gold Projects consist of three projects named Kouroussa, Mandiana, and Konsolon, covering an area of 388km2 in the mineralized Birimian Greenstone Belt in Guinea, West Africa.