Volt Resources completes Phase 1 feasibility study update for Bunyu Graphite Project

About this update from Volt Resources Ltd

(via NewsDirect) Volt Resources CEO Prashant Chintawar joined Steve Darling from Proactive to share the company's Phase 1 Feasibility Study Update for the Bunyu Graphite Project in Tanzania . Chintawar explained that the Stage 1 graphite project aims to be established with relatively modest capital expenditure. This approach will enable Volt Resources to develop the necessary infrastructure, initiate graphite production at a rate of 24,780 tonnes per annum, generate initial revenues, and position Bunyu as a prominent global supplier of graphite products. The updated feasibility study indicates a capital expenditure of $33.1 million for the Stage 1 project. This investment is projected to yield a project lifespan of 13.7 years, almost double the duration of the previous study. These figures support a project that would generate a total EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of $169.6 million over the operating period, an internal rate of return (IRR) of 31.5% before tax, a net present value (NPV) of $58.9 million before tax, and a payback period of 2.9 years before tax. Upon successfully commissioning Bunyu Stage 1, Volt Resources intends to progress to Stage 2 later in the decade. The goal of Stage 2 is to leverage the foundation established by Stage 1 and capitalize on Bunyu's substantial graphite resource. This would lead to a substantial increase in production capacity, aiming to reach 170,000 tonnes per annum, which would align with the anticipated rise in global demand for graphite products. Contact Details Proactive Investors +1 604-688-8158 [email protected] Copyright (c) 2023 TheNewswire - All rights reserved. Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases

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