Graphite explorer Volt Resources (ASX: VRC) has finally covered the last mile in reaching to its mining license grant at Bunyu graphite project as the company has successfully bagged the environmental approval to this flake graphite project in Tanzania.
In an announcement released this week, Volt Resources Limited reported that National Environment Management Council of Tanzania (NEMC) has given Environmental Impact Assessment (EIA) certificate to its wholly-owned subsidiary Volt Graphite Tanzania Ltd. This certificate was a final pre-requisite for receiving the mining license grant at Bunyu Graphite Project in Tanzania.
With this Volt now has the largest mineral resource in East Africa’s richly-endowed graphite belt which paves the way to the development of maiden JORC ore reserve.
In February, Volt submitted mining license application to the Minister for Minerals in Tanzania, covering the area required for Stage 1 development and Stage 2 expansion at Bunyu project. Following the recent approvals this graphite miner is expected to receive two mining licenses soon after lodging the Environmental Impact Assessment (EIA) certificate with the Tanzanian Mineral Commission.
Volt Resources’ stock is trading at $0.021 with no daily price change on 6 September 2018 (4:22 PM AEST). The stock has observed performance change of 7.50% over the past one year.
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