Volt Resources Ltd Stock Market Press Releases and Company Profile
Quarterly Activities Report March 2016
Quarterly Activities Report March 2016

Melbourne, May 2, 2016 AEST (ABN Newswire) - Volt Resources Limited (googlechartASX:VRC) provides the following update on activities undertaken for the quarter ended 31 March 2016, which includes activities up until the date of reporting. This report also covers announcements made under the previous name, Mozambi Resources Limited (googlechartASX:MOZ):

HIGHLIGHTS

- Maiden JORC Resource estimate of 179Mt @ 5.1% graphitic carbon at 100% owned Namangale Project in Tanzania

- Flake size distribution analysis continues to demonstrate that Namangale has the potential to produce a Super Jumbo and Jumbo flake graphite product

- Capital raising of AUD$4.6 million via an oversubscribed placement with funds used to fast track Pre-Feasibility Study (PFS)

- PFS commenced with the appointment of BatteryLimits Pty Ltd to project manage through to completion scheduled in Q4 2016, with Optiro doing the Resource work during the PFS

- Planning for the 2016 drilling program commenced

- Bulk sampling program in progress across orebody to identify the optimal location for initial pit design and to provide additional feedstock for advanced metallurgical test work. The additional samples will also be provided to potential offtake partners and end user groups

- Extensive metallurgical testwork program well advanced with first batch of concentrate results imminent. The concentrate product is being tailor made for the Lithium Ion battery market

- Potential off take and end user customer discussions continuing

- Change of company name from Mozambi Resources Limited to Volt Resources Limited

- Appointment of Mr Alwyn Vorster to the Board as a Non Executive Director

To view the complete report, please visit:
http://abnnewswire.net/lnk/86X24UF8


About Volt Resources Ltd

Volt Resources ASX:VRCVolt Resources Ltd (ASX:VRC) (FRA:RBL) (OTCMKTS:VLTRF) is critical minerals and battery material company listed on the Australian Stock Exchange. We are a graphite producer and an emerging natural graphite anode producer. Volt has a 70% interest in the Zavalievsky Graphite business in Ukraine. The ZG mine and processing facilities have been in operation since 1934 and are near key markets with significant developments in lithium-ion battery production. ZG benefits from an existing customer base and graphite product supply chains based on excellent transport infrastructure covering road, rail, river, and sea freight combined with reliable grid power, ample potable ground water supply and good communications. 

Volt acquired three licence applications that are prospective for lithium-borate mineralisation. The licence applications are in respect to a total area of 291km2, located in Serbia and are west and south-west of the Serbian capital, Belgrade. 

Volt is progressing the development of its large wholly owned Bunyu Graphite Project in Tanzania. The Bunyu Graphite Project is ideally located near to critical infrastructure with sealed roads running through the project area and ready access to the deep-water port of Mtwara 140km from the Project. In 2018, Volt reported the completion of the Feasibility Study into the Stage 1 development of the Bunyu Graphite Project. The Stage 1 development is based on a mining and processing plant annual throughput rate of 400,000 tonnes of ore to produce on average 23,700tpa of graphite products. A key objective of the Stage 1 development is to establish infrastructure and market position in support of the development of the significantly larger Stage 2 expansion project at Bunyu.

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Contact

Volt Resources Ltd
TEL: +61-8-9481-0389
FAX: +61-8-9463-6103
EMAIL : info@voltresources.com
WEB : www.voltresources.com



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