How Did Volt Resources Meet the Customer’s Specifications for the Graphite Concentrate?

Volt Resources Ltd: Navigating Towards Financing Through Bunyu Graphite Project

Volt Resources Limited (ASX: VRC), a critical minerals and battery material company, has recently made a significant announcement about its Bunyu Graphite Project in Tanzania. The company reported substantial progress in negotiating commercial terms with a major customer, aiming to secure financing for the project. This update underscores the strategic importance of the Bunyu Project in Volt's portfolio.

From Ore to Concentrate: A Step-by-Step Progress

Volt Resources has made noteworthy strides in its Bunyu Graphite Project:

In 2023, the company mined 113 tonnes of graphite ore.
Recently, a portion of this ore was processed into graphite concentrate.
The produced concentrate met all the customer's requirements, including particle size, distribution, density, moisture, and carbon content.

Delivering to Expectations: Customer Evaluation Underway

The graphite concentrate, having met the customer's specifications, was delivered on 17 January 2024 for evaluation.

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Feedback from the customer is anticipated by the end of March 2024, marking a critical juncture for the project’s future.

Volt’s CEO on the Project's Progress

Prashant Chintawar, Volt's Managing Director and Chief Executive Officer, expressed optimism about the Bunyu project. The company's efforts in mining, securing export permits, shipping ore, and producing the concentrate as per customer requirements have been significant. Chintawar highlighted China's recent restrictions on graphite exports as a catalyst for progress in the Bunyu project.

Volt's Operational Milestones: A Comprehensive Approach

Volt Resources undertook a series of methodical steps to reach this stage:

Identification of mining location and securing necessary government and community approvals.
Rental of mining equipment and transportation of the ore to Dar es Salaam for government testing and export permit issuance.
Shipping a portion of the ore to a competent graphite ore processing pilot plant for concentrate production.

Bunyu’s Global Relevance: Meeting Key Market Requirements

The Bunyu Graphite Project is recognized as one of the few global projects that meet the quality, quantity, cost, and Inflation Reduction Act compliance requirements of large battery customers. This positions the project uniquely in the global market, especially considering the growing demand for graphite in the lithium-ion battery sector.

About Volt Resources Limited

Graphite Producer and Anode Developer: Volt is an established graphite producer and an emerging natural graphite anode producer, with a 70% interest in the Zavalievsky Graphite business in Ukraine.
Strategic European Lithium Acquisition: Volt has acquired three license applications in Serbia for lithium-borate mineralization.
Bunyu Graphite Project: Located in Tanzania, this project is key to Volt's strategy to become a world-class supplier of graphite products. The revised Feasibility Study for Stage 1 development of the project indicates a promising outlook.

A Pivotal Moment for Volt Resources

This announcement by Volt Resources marks a pivotal moment in the company's journey towards securing Bunyu financing. With the successful evaluation of the graphite concentrate, Volt could solidify its position as a significant player in the graphite market, catering to the growing demand for battery materials. The company continues to keep its investors informed, with the next few months being crucial in determining the future trajectory of the Bunyu Graphite Project.

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