Volt Resources are focused on locking in capex and critical mass to support its visionary state-of-the-art battery anode manufacturing plant, feeding from its 70 per cent controlled Ukrainian graphite asset wholly owned Bunya Project in Tanzania.
The battery anode feasibility study forms part of the developer’s innovative downstream strategy, which has the potential to elevate the Australian listed company to become a significant producer at the doorstep of key market global markets.
Volt Chief Executive Prashant Chintawar said while mining and processing raw material is the company’s foundation, it anticipated more significant value creation from being a vertically integrated manufacturer of natural graphite anode materials within US and European markets.
Due to a strong market interest in local natural graphite anode, supply deficit, and robust financial incentives from Governments, we expect the feasibility study to deliver highly favourable project economics,” he said.
“Volt plans to use the Feasibility Study results in the funding proposal to the US Government.”
The US Government view critical minerals as the building blocks for the modern technologies essential to national security and economic prosperity. It is making huge investments to secure a domestic supply chain, including for natural graphite resources, both necessary for the lithium-ion battery and largely controlled within Chinese borders.
Volt expects the feasibility study will be delivered by September 2023 and has engaged Worley Services Pty Ltd, a wholly-owned subsidiary of ASX-listed Worley Ltd, to help prepare parts of the study
