Volt Resources Ltd (
Highlights:
- New metallurgical results across all Namangale deposits show consistent outstanding Super Jumbo and Jumbo Flake size graphite
- Outstanding distribution of up to 94.5% confirmed in high value categories of Super Jumbo +600 microns, Jumbo +300 microns and Large + 180 microns flake graphite
- New Results received from SGS Laboratories South Africa on 6 Diamond core composites further validates the consistency of graphite flake size and adds greatly to previously received metallurgical results
- Metallurgical results are confirming easy separation of graphite flake from the host rock following a simple crushing and process, with no chemical liberation required
- Multi-element assays of graphite mineralisation has also shown low levels of potentially deleterious trace elements
- Flotation test work is currently underway from representative materials from all three deposits in order to produce a graphite concentrate at ALS in Perth.
- Strong demand is continuing for Super Jumbo and Jumbo flake graphite from end user companies in the Lithium - Ion battery market
- Positive discussions are continuing with potential end-user groups
Volt Executive Chairman, Stephen Hunt comments that these flake size results are truly exceptional. The fact that the Super Jumbo and Jumbo results are consistent over all composites, presents Volt with the foundations of a superior asset. We continue to see ever growing demand for Super Jumbo and Jumbo flake sizes and this is borne out in the significant price premium these products command. Coupled with the fact that the flakes are liberating easily, gives us great confidence that we are very well placed to capitalise on the Namangale asset.
Figure 1 in link below shows the location of the Namangale Project tenements and the main graphite prospects that have been identified to date. These lay within the 2,000km2 of the Company's tenement package. Volt has continued to build on its dominant tenement position in this extremely well located, high quality graphite area of Tanzania.
Namangale Flake Size Distribution Results
Flake size distribution results from 9 diamond core composites from 6 drill holes at the Namangale 1, 2 and 3 deposits have returned exceptional flake size results with up to 57.9% Super Jumbo Flake (i.e. size of larger than 600µm), with low proportions of fine and amorphous graphite from all composites. Assay results from Namangale 2 returned 94.5% of graphite in the Super Jumbo, Jumbo and Large Flakes sizes with all other samples returning highly encouraging results. These results are in addition to the flake size distribution results released to the ASX on the 11th of January
Results Summary
The results of the flake size distribution of the diamond core composites confirm the coarse flake nature of the mineralisation identified in the Optical Microscopy carried out by ALS Metallurgy based in Perth Western Australia. Results of Optical Mineralogy examination of samples from Namangale 1, 2 and 3 previously reported show large flakes are present at all three deposits and individual flakes were mostly liberated by crushing to between 0.5-1.0mm.
Graphite flakes in the 1mm to 0.5mm size frequently contained large graphite flakes up to 1000 microns in size. These results were produced with no chemical processing and indicate mineralisation from this area has the potential to achieve excellent levels of graphite concentration using a low cost flotation separation without crushing to fine particle sizes or using chemical treatments. The proportion of larger flake sizes will reduce with further processing required to make a graphite concentrate. Multi element analysis of graphite mineralisation has also shown low levels of trace elements, which therefore creates a clean graphite product.
2016 Exploration Program
Preparations for the 2016 field season are now well advanced with activities planned to commence by mid-March. The objective of the 2016 exploration program is to upgrade a significant portion of the Inferred JORC Resource at Namangale to the Indicated and Measured Resource categories to allow the calculation of Mineral Reserves, following the completion of a PFS. The 2016 Drilling program will also include sterilisation drilling under proposed waste dump and tails dam locations, geo-tech diamond drill holes and the constructing water bores, as the Company looks to fast track the Namangale Project towards production.
Existing Infrastructure
Volt Resources enjoys excellent infrastructure, with the deep-water Mtwara Port only 140km from the Namangale Prospect. Power and sealed roads are available 10km from the deposit location. The existing sealed road connects all the way to port. Figure 2 in link below shows the port, which has existing present capacity of 400,000 metric tonnes per annum and could handle up to 750,000 metric tonnes per annum with the same number of berths if additional equipment is put in place for handling containerised traffici. The port is currently heavily underutilised, with only approximately 34% of its existing capacity being utilised.
Corporate
Discussions are ongoing with a number of potential end user groups as Volt works towards marketing our graphite products for potential offtake agreements. Strong demand is continuing for Super Jumbo and Jumbo flake graphite from end user companies in the Lithium - Ion battery markets. The Company is also in the final stages of discussions with potential PFS consulting firms, with an announcement anticipated in the near future.
Conclusion
The Board of Volt Resources considers the results to date continue to indicate that the Namangale Prospect is rapidly emerging as a world-class graphite deposit. Preparations to begin the 2016 drilling season are now well advanced to update a significant portion of the Inferred Resource into Indicated and Measured categories. Volt is totally committed to fast tracking towards production and meeting the unprecedented market demand for Super Jumbo and Jumbo flake graphite.
To view figures and tables, please visit:
http://media.abnnewswire.net/media/en/docs/82977-ASX-MOZ-439963.pdf
About Volt Resources Ltd
Volt Resources Limited (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.
Contact
Volt Resources LtdTEL: +61-8-9481-0389
FAX: +61-8-9463-6103
EMAIL : info@voltresources.com
WEB : www.voltresources.com
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