Volt Resources receives two mining licences for Tanzania graphite project

ASX-listed miner Volt Resources has been formally granted two mining licences from the Tanzanian government for its Bunyu Graphite Project.

The two mining licences are for a combined area of 17.7 km² covering the respective Stage 1 and Stage 2 developments of the graphite flake project, lasting for a period of 10 years with a right to a further 10-years renewal.

The next milestone for the company will be the completion of the Tanzanian Note Issue for Bunyu, after which Volt will be able to proceed with with front-end engineering and design work for the initial stage 1 operations, along with the ordering of long lead time components.

Volt, through its subsidiary Volt Graphite Tanzania, will look to complete a definitive feasibility study on the large-scale Stage 2 expansion concurrently with the Stage 1 development.

Speaking last week, prior to the formal granting of the licences, Volt’s chairman Asimwe Kabunga said: “This is a key milestone for Volt and our shareholders, as we have now effectively received all required primary development approvals.

“Volt has maintained a very transparent and positive dialogue with the Tanzanian authorities throughout the entire approvals process, and I would like to thank the relevant authorities for their support and input towards achieving these key approvals.”

@RGNonline