Sunday , April 14 2024

Volt Resources advances graphite off-take agreements

ASX-listed Tanzanian-focused flake graphite development company Volt Resources has announced it is advancing graphite off-take agreements in Tanzania.

Members of the management team from Volt Resources recently visited China to advance discussions on binding off-take agreements in line with the company’s progress in development funding, Stage 1 feasibility study, development approvals and construction related contracts for the Bunyu Graphite Project in Tanzania – the flagship project Volt Resources.

Volt Resources says a number of meetings have been held with CNBM General Technology, Qingdao Guangxing Electronics Materials (GEM), Qingdao Tianshengda Group and two new groups, Haida Graphite and Qingdao Baixing Graphite to progress offtake agreements or commence exchange of project information and product samples for longer term supply arrangement discussions.

Feedback received to date has indicated strong demand for coarse flake material above 100 mesh (150 micron) in size for use in the expandable graphite market, which strongly supports Volt’s processing strategy to maximise the production of coarse flake graphite.

The parties are now progressing with exchanging draft binding off-take agreements in relation to Stage 1 off-take.

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