Tanzanian graphite projects have tended to be lower grade but larger flake size. Discoveries in Tanzania are centred around the Townships of Nachingwea and Mahinga.
Mozambique projects have tended to be higher grade but smaller flake size. Discoveries to date have been centered around the town of Balama.
Volt Resources Ltd is uniquely placed with projects in the Balama Region of Mozambique and the Nachingwea region of Tanzania
The Company has a 70% interest in two mineral exploration licences situated in the Zambeze Coal Basin in Mozambique.
The combined tenement area held by the Company is approximately 384km2, spanning two tenements, 3245L ("Tete West" Project) and 3246L ("Muturara" Project). 3245L is located 12km west of the city of Tete and extends over 182km2, and lies immediately southwest of Rio Tinto tenement 946L. 3246L is located 58km southeast of the city of Tete and covers approximately 202km2. The tenement is located 45km southeast of the Moatize Coal Mining Camp owned by Vale.
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About Volt Resources Ltd
Volt Resources Ltd (ASX:VRC) is a graphite exploration company listed on the Australian Stock Exchange under the ASX code VRC. The Company is focused on the exploration and development of the Jumbo Flake Namangale graphite project in Tanzania which has the potential to add to value for shareholders.
The Namangale Project is one of the largest graphite deposit in Tanzania containing a JORC compliant Inferred Resource of 179Mt @ 5.1% TGC. The project is exceptionally well located in South Eastern Tanzania being 140km from a deep-water port and 10km from sealed roads. Mineralisation at the three drilled deposits, occurs from surface and remains open in all directions. After the completion of this the recent capital raising the Company is now fully funded to complete the Pre-Feasibility Study into commencing production of high quality flake graphite targeting the rapidly expanding lithium-ion battery market. Volt has established a dominant tenement position in this extremely well located graphite rich part of Tanzania.
Volt Resources Ltd