Graphite producer and battery anode material developer Volt Resources Limited (ASX: VRC) has commenced a Feasibility Study update for its Bunyu Graphite Project in Tanzania.
Volt has appointed Perth-based GR Engineering Services Limited (GRES) to undertake updates on processing, infrastructure and logistics for the Bunyu Stage 1 study delivered in 2018. GRES will also calculate updated capital and operating cost estimates for Stage 1 of the project.
Volt will re-examine other study aspects including regulatory requirements, marketing and sales, financial analysis, project risks and opportunities as well as requirements relating to environmental, social and community impacts and human resources.
Bunyu’s Stage 1 outlined a project capable of producing an average 23,700tpa of graphite products based on a mining and processing plant annual throughput rate of 400,000 tonnes of ore. The Stage 1 project aimed to establish Volt’s market position and infrastructure to support of the development of the significantly larger Stage 2 expansion project, which aims to increase production to 170,000 tonnes of graphite product annually.
“Completing an updated Feasibility Study for Bunyu Stage 1 will provide us with a current estimate of what the project will cost to deliver and what it’s economic returns will be,” Managing Director Trevor Matthews said.
“Many factors have changed since the existing study in 2018 and it’s important we account for these as we move ahead with its development.
“With existing production and scalable opportunities from our long life Zavalievsky graphite operations in Europe, I look forward to the outcomes of this update so that we can continue to progress the development of Bunyu as part of our future graphite supply and position Volt as an integrated supplier of battery anode and other battery products to lithium-ion battery and other battery technologies in the US and Europe.”
For further information please visit: https://voltresources.com/
