Tanzanian graphite projects have tended to be lower grade but larger flake size. Discoveries in Tanzania are centred around the Townships of Nachingwea (IMX, MNS) and Mahinga (KNL).
Mozambique projects have tended to be higher grade but smaller flake size. Discoveries to date have been centered around the town of Balama. (SYR, TON)
Volt Resources is uniquely placed with projects in the Balama Region of Mozambique and the Nachingwea region of Tanzania
The Nachingwea Project consists of 18 tenements in South Eastern Tanzania within the highly prospective Mozambique Mobile Belt. Ten of the tenements are located in the Lindi Province with the remaining eight being located in the adjacent Mtwara Province bordering Mozambique. There has been considerable recent success from active exploration for graphite in the region, particularly around the regional centre of Nachingwea.
The Tenements are currently under application with the Tanzanian Ministry of Energy and Minerals with granting of the Tenements anticipated in the near future.
The Company has received positive early results of geological mapping on the company's Nachingwea Graphite Project. Multiple graphite outcrops have been identified on the initial tenements explored HQ-P 29031, HQ-P 29033 and HQ-P 29027. Outcrops up to 180m wide have been identified over a strike length of approximately 1,000m. Trenching and sampling will be undertaken to determine the grade of the zone and identify higher-grade zones within the mineralised unit to allow the design of a targeted drilling program.
Multiple other areas of sub-cropping graphite schist have been identified on these tenements explored to date.
These three key tenements of the Nachingwea Project have progressed with an offer to grant received from the Tanzanian Ministry of Energy and Minerals. The three tenements include the targets identified in the initial recognisance mapping. Further mapping has continued to identify additional outcrops on the two primary graphite targets defined on the project to date.
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About Volt Resources Ltd
Volt Resources Ltd (ASX:VRC) is a graphite exploration company listed on the Australian Stock Exchange under the ASX code VRC. The Company is focused on the exploration and development of the Jumbo Flake Namangale graphite project in Tanzania which has the potential to add to value for shareholders.
The Namangale Project is one of the largest graphite deposit in Tanzania containing a JORC compliant Inferred Resource of 179Mt @ 5.1% TGC. The project is exceptionally well located in South Eastern Tanzania being 140km from a deep-water port and 10km from sealed roads. Mineralisation at the three drilled deposits, occurs from surface and remains open in all directions. After the completion of this the recent capital raising the Company is now fully funded to complete the Pre-Feasibility Study into commencing production of high quality flake graphite targeting the rapidly expanding lithium-ion battery market. Volt has established a dominant tenement position in this extremely well located graphite rich part of Tanzania.
Volt Resources Ltd