According to Proactive Investors, Volt Resources Ltd, Perth, Australia, (ASX:VRC) has completed the first stage of test work on graphite ore from the Bunyu Graphite Project in Tanzania, which has the potential to improve project economics.
The initial test work shows an increase in the percentage of high-priced (+30 size and +50 size) graphite flake and a reduction mainly in the lower-priced fine graphite flake, which could improve sales revenue from Bunyu graphite products.
Volt chief executive officer Trevor Matthews said: “We are delighted with these initial test work results provided by American Energy Technologies Company (AETC) which confirm that Bunyu’s flake distribution is suitable for supply to traditional markets and for use in new high demand applications such as battery anode end markets.
“Given these latest results, we expect to be able to make significant improvements to the project economics outlined in the stage one feasibility study for Bunyu, with further details on these changes to be provided in due course.”
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