Volt Resources Reports Excellent Results From AETC Test-Work Program for Bunyu Project

Flake Graphite explorer and developer, Volt Resources Limited (ASX: VRC) has announced excellent results from the first stage of a test-work program on graphite ore conducted at its flagship Bunyu Graphite Project in Tanzania by the highly respected technical group, American Energy Technologies Company (AETC) with its headquarters, operations and research laboratory facilities in Chicago, Illinois, United States.

AETC Test-Work Program – Summary

In January 2020, AETC has been assigned by Volt Resources to carry out a test-work program on a representative sample of ore derived from drilling undertaken under the Feasibility Study completed for Stage 1 of the Bunyu Graphite Project in 2018. The scope of work for the test-work program involved development of a graphite product from the ore sample and subsequently examination of the product for specific chemical, physical and processing properties. The ultimate objective was to conclude information regarding the suitability of the graphite product for various graphite markets such as anode feedstock for Li-ion cells.

The Bunyu Graphite Project Stage 1, based on a mining and processing plant annual throughput rate of 400k tonnes of ore, would be producing 23,700 tonnes per annuum (on average) of natural flake graphite product at ~96% TGC. The following table gives a summary of the product size, grade distribution and average sales price reported under the Feasibility Study for Stage 1, under which essential infrastructure and market position would be stablished to pave way for the significantly larger Stage 2 expansion project.

The table given below provides a comparison between the product size distribution of the graphite product as indicated by the Feasibility Study of Stage 1 and the product size distribution as indicated by the AETC test-work program.

The data demonstrates that there is a substantial upswing in the percentage of high priced +30# and +50# graphite flake as well as a reduction mainly in the lower priced fine graphite flake. This would have significant implication and economic benefits for both the Stage 1 and Stage 2 of the Bunyu Graphite Project.

Other key results from the first phase of the test-work program include:

  • Production of a 99.95% thermally purified graphite product suitable for a number of end uses including battery anode material feedstock.
  • ICP analysis which identified very low Boron levels in the thermally purified graphite which makes the Bunyu product suitable for nuclear industry components and as a feedstock in the manufacture of synthetic diamonds.
  • Excellent preliminary BET, Scott volume and tap density measures which point to the Bunyu graphite product being a good quality feedstock for Li-ion battery cell anode material.

However, further analysis and additional test-work would still be conducted on these initial results, that if, reaffirm the benefits in flake size distribution, would be followed by next steps to incorporate the changes into the Stage 1 flowsheet design and a change in the processing reagents if sufficient time is at hand. Although, no significant changes in the operating and capital cost are expected to the current Stage 1 plant and these are expected to be more than offset by the substantial increase in sales revenue.

Having completed the first phase of the AETC program, Volt Resources now plans to release further test-work results as they become available over time.

Volt continues to advance its Mauritian Note Offer to raise up to USD 30 million as well as identify alternative finance sources to fund Stage 1 development of Bunyu Graphite Project.

Read More: Volt Resources Reports Progress On SEM Notes Issue and an Eventful First Half 2020

Stock Information: The VRC stock is currently priced at AUD 0.005 as at end of the trading session on 09 April 2020.

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is sponsored but NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. We are neither licensed nor qualified to provide investment advice through this platform.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.



Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.



Rated 4.3/5 based on 904 Reviews at Google My Business
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK