Volt Resources
Metals/Mining - Perth, WAU, AU
Volt Resources Employees
Volt Resources Senior Management
Volt Resources Details
Volt is focused on natural graphite production in Ukraine, Europe, as well as developing its gold and graphite resources in Africa. Volt recently acquired 70% controlling interest in ZG Group in Ukraine, transitioning into one of the few ASX listed Graphite Producers in Europe. The Bunyu Graphite Project in Tanzania has the largest JORC resource in country with 461Mt @ 4.9% TGC and a reserve of 127 Mt @ 4.4% TGC. Huge resource upside potential with exploration covering less than 6%. The flake distribution is suitable for building materials and battery anode end markets, with test results on Volt's product achieving excellent purity. Further optimisation of the flotation flow sheet is ongoing to further improve purity and recovery of large flake graphite. Volt has a two-stage development strategy with Stage One significantly de-risking the Stage Two expansion through a lower risk small scale development with mine and plant operations, trained workforce, supply chain and product sales experience. Environmental Impact Assessment Certificate and Mining Licences covering both Stage One and Two are in place. Stage One is based on a mining and processing plant annual throughput rate of 400,000 tonnes of ore based on 6.26% TGC feed grade to produce on average 23,700 tpa of graphite products. Stage Two to produce approximately 170,000 tpa based on the Pre-Feasibility Study (PFS) which was completed late 2016 and is used as a proxy for Stage Two. Three Gold Projects were acquired in May 2020 and are located in the Siguiri Basin, Guinea, which forms part of the richly mineralised West African Birimian Gold Belt. Volt owns 100% of the six permits that fall under the three projects named Kouroussa, Mandiana and Konsolon Gold Projects. An auger drilling program was undertaken and Volt is currently awaiting assay results to determine the key gold areas for a future diamond drilling program to obtain the most accurate of quality samples.
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