Volt Resources Ltd Stock Market Press Releases and Company Profile
Preliminary Results Show High Grade, Jumbo Flake Size Graphite
Preliminary Results Show High Grade, Jumbo Flake Size Graphite

Melbourne, Aug 13, 2015 AEST (ABN Newswire) - Volt Resources Ltd (googlechartASX:VRC) ("Volt", "the Company") tested 3 graphite samples collected from the Nachingwea project to gauge the flake size of outcropping graphite schist mineralisation. The goal of the sampling was to assist with the decision to proceed with the option to buy the Nachingwea Project, by confirming the coarse nature of the graphite mineralisation within the project area.

Highlights

- Volt Resources has received flake size results from 3 rock chip samples sent to SGS South Africa for Analysis

- 25-36% by weight has a flake size greater than 300 micron classified as Jumbo Flake

- 80-90% by weight has a flake size greater than 150 micron classified as Medium/Large or Jumbo

- Total graphitic carbon grades ranging from 7.2-9.1%

- With circa $2,000,000 in funds, Volt Resources well placed to fund Exploration Program

This was achieved by obtaining flake size results across multiple outcropping exploration targets. Further flake size analysis has been carried out as part of the trenching program, with results still outstanding and will be conducted as part of the upcoming drilling program, where flake size distribution from fresh graphite mineralisation will be obtained. These fresh samples are more likely to be closer to the flake size results that can be achieved during the mining process.

Results

Each of the three samples came from different exploration targets where outcropping graphite schist was identified within the Nachingwea Project area. The locations where the samples were taken from are shown in Figure 2 in link below.

The samples were assayed for total graphitic carbon and returned grades in the 7-9% range similar to what was expected from initial visual estimation. The results of this sampling is shown in Table 1 in link below:

The samples were also tested for the flake size distribution of the graphite particles. The results of the analysis showed between 25.5% and 36.2% of the graphite occurs as +300 microns and can be classified as jumbo flake. The samples typically had a low proportion of fine graphite flake sizes smaller than 150 microns.

Further testing in particular from fresh diamond core graphite samples is required to confirm the distribution of flake size that can be achieved from a potential mining operation.

Commenting on the results, Managing Director Mr Alan Armstrong said, "These results are extremely positive and justify further exploration across multiple areas. Whilst these results are only early stage, to be seeing grades and flake size of this calibre, gives us confidence we could replicate grades achieved by Magnis Resources (googlechartASX:MNS) at their Nachu Project approximately 60km to the north of us (JORC 156Mt @ 5.2% TGC)i. With $2,000,000 in funding, we hope our fully funded drilling program later this year, will show similar results and prove uniformity from observed graphite outcropping to considerable depths".

Corporate

Volt Resources is encouraged by the preliminary results showing coarse flake graphite mineralisation occurring at surface outcrops across a wide area of the Nachingwea Project. The Company looks forward to the upcoming drilling program to confirm the grade and thickness of the identified mineralisation.

To view tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/80660-ASX-MOZ-427531.pdf


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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