Volt Resources
Financials:
Primary ticker: ASX:VRC, FSE:R8L
Stage of development: Development, Production
Primary minerals: Graphite and Battery Anode Material
Project to promote: Bunyu Graphite Project
Project location: Tanzania
Website: www.voltresources.com
Volt Resources Limited is an Australian Stock Exchange [ASX:VRC] listed graphite mining company and an emerging producer of natural graphite anode – the largest component of lithium ion batteries used in EVs. We have 70% ownership in ZG Graphite mine in Ukraine (in operation since 1934) and a wholly owned 170 kTPA graphite mine under development in Tanzania (Bunyu project). The Bunyu Graphite Project has the largest graphite resource in Tanzania, with only 6% explored. We are also finalizing details of an integrated natural graphite anode plant in the US.
With the global energy sector’s shift from fossil-based systems of energy production and consumption to renewable energy sources like wind and solar, as well as lithium-ion batteries, the world of graphite has changed dramatically, with demand exceeding supply and prices rising by 25% in the last year. Demand from Automotive OEMs and battery producers to secure battery graphite products is growing, and with the very positive feedback received to date in testing our Bunyu Graphite products for the battery sector, our project is ready to fill this void. Volt is seeking financing to develop the Bunyu project.
Cash: AUD$>5M
Debt: NIL
Major shareholders:
Kabunga Holdings Pty Ltd – 16.16%
PR and E Notman – 4.58%
Ven Capital – 3.15%
Bosswhat Pty Ltd – 2.83%
Citicorp Nominees Pty Limited – 1.77%
Management ownership – 17.5%
Management Profile
Prashant Chintawar- CEO
Prashant Chintawar “PC” is an entrepreneurial global business leader, with a track record of creation and scaling up of new specialty material and battery material businesses, growing existing chemical businesses, product profit and loss management, negotiating and structuring deals and industrialization. His key strengths, honed at large global organizations (BASF, Honeywell, Solvay) and top tier management consulting firm (Arthur D. Little, Inc.), include strategic planning and tactical execution by rallying teams. He has a PhD in Chemical Engineering and a Management Certificate in Finance.
What is your rationale for taking part in 121 Mining Investment?
Volt is looking for high net worth and institutional long-term investors to join Volt’s register. Volt wants to promote the development of it’s two-stage 170ktpa Bunyu graphite mine in Tanzania, and its growth plans and opportunities for strategic partnerships.
What recent news would you like to highlight to investors attending?
2 March 2023 – Directors Invest $1.08 Million in Volt Shares
https://www.investi.com.au/api/announcements/vrc/05246e8e-028.pdf
16 January 2023 – Volt to Advance Active Anode Plant DFS in 2023
https://www.investi.com.au/api/announcements/vrc/3c32d4bd-d2d.pdf
8 December 2022 – Volt Appoints Chief Executive Officer
https://www.investi.com.au/api/announcements/vrc/fc8faab2-296.pdf
27 October 2022 – 24M and Volt Execute a Graphite Supply MOU
https://www.investi.com.au/api/announcements/vrc/994325bd-662.pdf
25 October 2022 – 24M Joint Development Agreement
https://www.investi.com.au/api/announcements/vrc/58fcd861-643.pdf
4 October 2022 – Strong Progress Across Battery Materials Businesses
https://www.investi.com.au/api/announcements/vrc/7601ddf6-2fb.pdf
21 September 2022 – Volt Formally Adopts ESG Framework
https://www.investi.com.au/api/announcements/vrc/2b655639-5ee.pdf
6 September 2022 – Zavalievsky Graphite Production on Target
https://www.investi.com.au/api/announcements/vrc/fb7d262e-6f1.pdf
11 August 2022 – Volt To Benefit from ESD Development Activities
https://www.investi.com.au/api/announcements/vrc/e334316c-f9d.pdf
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Revise Feasibility Study of Bunyu Stage 1
Secure offtakes for Bunyu graphite
Announce engineering contractor for Battery Anode Material plant
6 Months:
Complete Feasibility Study for Battery Anode Material plant
Secure production site and conditional off takes for Battery Anode Material plant
12 Months:
Secure LOI for Bunyu financing
Assess financing and site for European Battery Anode Material plant
Start FEED and construction at Bunyu site
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Graphite, being a critical mineral, is in great demand. However, product qualification takes time and by working closely with customers, we are accelerating the process. Geopolitical situation in Ukraine remains sensitive and impacts our ZG operation. Our team is working with local authorities to secure reliable power.
What do you think makes your company such a compelling investment?
Owning one of the largest graphite mines in Europe, with plans to move downstream to battery anode production in Europe and the USA. Access to a large graphite resource base in Europe and East Africa that provides a scalable platform to become a global graphite product company and emerging battery anode material producer. The company is ESG focused and has a strong management team experienced in mining and battery materials.
What are the top key investor takeaways?
Volt is an established graphite miner with two high quality graphite assets – Tanzania and Ukraine – well positioned to capitalize on growing demand vs supply gap.
Volt will become an integrated natural graphite anode supplier
Volt has experienced team in place