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Volt Resources advances Bunyu Graphite Project with additional testing

Published 23/04/2024, 10:23 am
© Reuters.  Volt Resources advances Bunyu Graphite Project with additional testing

Graphite producer and developer of natural graphite anodes Volt Resources Ltd (ASX:VRC, OTC:VLTRF) has followed up positive results by conducting further tests on graphite samples from the Bunyu Graphite Project in Tanzania.

Partner confirms Volt’s analysis

A consignment of Bunyu graphite concentrate was delivered to a customer-designated testing partner in January.

Prior to shipping the sample, Volt ensured that it met the requirements specified by the customer via analysis conducted by a reputable institute.

This pre-shipment analysis verified the particle size, distribution, density, moisture content and carbon content of the graphite.

Over the past three months, the customer-designated testing partner has conducted testing of the Bunyu sample.

Volt said the testing confirmed there was an excellent match between its results and those obtained by the customer-designated testing partner.

Enhancing cost-effectiveness

The current focus is on optimising the surface area of the graphite, a critical factor in enhancing the efficiency and cost-effectiveness of graphite anode production.

A refined sample will be sent for further evaluation soon.

Following further customer interest, Volt has also provided detailed documentation related to the Bunyu project.

This includes the feasibility study, cost estimates, details of the process plant, implementation schedule, hydrology and metallurgical studies, as well as reports on the tailings storage facility and the environmental and social impact.

Volt remains committed to building a supply chain that aligns with key legislation such as the US Inflation Reduction Act and Europe's Critical Minerals Act.

This strategy underscores the company’s dedication to meeting the stringent requirements of its target customers and supports the ongoing evaluation and data exchange essential for advancing the Bunyu project.

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