Volt Resources Ltd (ASX:VRC)

VOLT RESOURCES LTD 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 its existing wholly owned Bunyu Graphite Project in Tanzania and the identification of further assets globally which have the potential to add value to shareholders.

BUNYU GRAPHITE PROJECT
Highlights of the Bunyu Graphite Project

• Upgraded project JORC Resource estimate to 461Mt @ 4.9% TGC
• Volt now has the largest Mineral Resource in Tanzania (reported to the standard of the 2012 JORC Code)
• The recently completed Bunyu PFS results have a robust Pre tax NPV of US$1.31B, 87% IRR and pay-back of 1.4 years based on 22-year LOM based on optimised Measured, Indicated and Inferred Resource categories
• Maiden JORC Ore Reserve is 127Mt @ 4.4% TGC
• Outstanding flake distribution of up to 81.3% in the Super Jumbo, Jumbo, Large flake categories
• Excellent purity achieved without the use of chemicals - only crushing & flotation
• Further optimisation of the flotation flow sheet is ongoing to further improve purity and recovery
• Project scale which complements global marketing drive and strategy to fast track project development

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PRE-FEASIBILITY STUDY
PRE-FEASIBILITY STUDY COMPLETED
US$1.31 BILLION PRE-TAX NPV | PAYBACK 1.4 YEARS

PFS HIGHLIGHTS

• PFS concludes robust technical and financial viability of the Bunyu Project
• Pre tax NPV of US$1.31B, 87% IRR and pay-back of 1.4 years based on 22-year LOM based on optimised Measured, Indicated and Inferred Resource categories
• JORC compliant Mineral Resource Estimate update of 461Mt @ 4.9% TGC
• Forecast annual production of 170kt/y of graphite concentrate, with non-binding MOUs for 100kt/y from three China based end-users
• Maiden JORC Ore Reserve is 127Mt @ 4.4% TGC
• Blended basket price of US$1,684/t against US$536/t OPEX (FOB Mtwara), translates to annual US$195M EBITDA
• Relatively low US$173M CAPEX for Project development, due to Bunyu’s close proximity to infrastructure and sealed roads to Mtwara port
• Volt’s Board endorses the Project Consultant’s recommendation to immediately progress the Bunyu Graphite Project and undertake a Definitive Feasibility Study (“DFS”) in 2017, paving the way for finalising off-take agreements and project finance
• Substantial planned production of high quality, large flake, high TGC product

(click here for more information)

Last updated 21st June 2018

ASIMWE KABUNGA
NON EXECUTIVE CHAIRMAN

Asimwe KabungaMr Kabunga is a Tanzanian born Australian entrepreneur who holds a Bachelor of Science, Mathematics and Physics and has over 19 years technical and commercial experience in Tanzania, the United States and Australia.

Mr Kabunga has extensive experience in the mining industry, logistics, land access, tenure negotiation and acquisition, as well as a developer of technology businesses. Mr Kabunga has been instrumental in establishing the Tanzania Community of Western Australia Inc., and served as its first President. Mr Kabunga was also a founding member of Rafiki Surgical Missions and Safina Foundation, both NGOs dedicated to helping children in Tanzania.

Mr Kabunga is also currently a non-executive director of ASX listed mineral sands developer Strandline Resources Limited (ASX:STA) and a director of Lindian Resources Limited (ASX.LIN)

Last updated 21st June 2018

Level 5, London House
216 St. Georges Terrace
Perth WA 6000

Ph: +61 (08) 9486 7788

[email protected]
www.voltresources.com

DIRECTORS

Asimwe Kabunga
Non-Executive Chairman

Stephen Hunt
Non-Executive Director

Matthew Bull
Non-Executive Director

Alwyn Vorster
Non-Executive Director

MANAGEMENT

Trevor Matthews
Chief Executive Officer

Susan Hunter
Company Secretary

REGISTERED OFFICE

L5, 216 St Georges Terrace
PERTH WA 6000

Phone: 61 (08) 9486 7788
Fax: +61 (08) 9463 6103

Postal Address

PO BOX 7581 Cloister Square
PO WA 6850

AUDITOR

HLB Mann Judd (WA Partnership)
15 Rheola Street
West Perth WA 6005

Phone : +61 8 9215 7900
Fax : +61 8 9321 0429

SHARE REGISTRY

Advanced Share Registry Limited

Email: [email protected]
Website: www.advancedshare.com.au

150 Stirling Highway
Nedlands WA 6009
Australia

PO Box 1156
Nedlands WA 6909
Australia

Phone: +61 8 9389 8033
Fax: +61 8 9389 7871

Last updated 21st June 2018