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Volt Resources Ltd tests super-size graphite flake at Tanzania project

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Volt Resources Ltd (ASX:VRC) has confirmed the highest super jumbo and jumbo graphite flake distribution amongst its East African peers, from a test-work program at the Namangale Project in Tanzania.

The July 2016 results show exceptional flake size distributions with up to 81.3% in the super jumbo, jumbo and large flake size categories compared with 67.7% previously reported in June 2016.

With flake distribution skewed towards the ‘in-demand’ higher flake size categories from the thriving lithium-ion battery sector, Volt is expected to command a higher blended basket price than rivals.

Furthermore, concentrate graphite from Namangale has not been chemically treated to remove impurities - only a simple crushing and flotation process has been used to separate out the graphite.

This potentially delivers a comparative cost advantage over rivals who may have to deploy costly methods to extract impurities that could compromise product quality.

Reviewing the combined test-work from June and July 2016 holistically, the graphite concentrates produced from Namangale returned grades of up to 99.3% total graphitic carbon (TGC) within the +500 micron category.

The Namangale 1 deposit contains an indicated resource of 62.6 million tonnes at 5.1% TGC.

The pre-feasibility study for the project remains on track for completion by Q4 2016.

Volt has already signed non-binding offtake MOUs with major Chinese graphite end-users operating in the lithium-ion battery market, totalling 100,000 tonnes per annum.

 

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ASX:VRC
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