Volt Resources has received an Environmental Impact Assessment (EIA) certificate from the National Environment Management Council of Tanzania (NEMC) over its Bunyu graphite project.
The EIA certificate represents the final prerequisite for obtaining Volt’s mining license, and a major milestone in the granting of government’s permission for the Bunyu project.
Volt now has the largest mineral resource in Tanzania through the Bunyu project, reported to the standard of the 2012 JORC code.
Its maiden JORC ore reserve is 127 million tonnes (Mt) at 4.4 per cent total graphitic carbon (TGC) purity.
Volt chairman Asimwe Kabunga said, “This is a significant milestone in the development of our Bunyu project, as it transitions the company a step closer to receiving the all-important Bunyu mining licenses.”
The graphite development company will receive two mining licenses as soon as the EIA certificate is lodged with the Tanzanian Minerals Commission, which will pave the way for the Bunyu project to go into its stage one development and stage two expansion.
Kabunga said, “Looking ahead, we remain firmly focused on advancing the Bunyu project towards stage one production, and we look forward to providing our shareholders with further updates on funding and development progress in the near-term.
“Volt would like to take this opportunity to thank the local communities and government parties within the Lindi and Mtwara regions, along with the National Environmental Management Council, our Tanzanian specialist consultants Tansheq Limited and their sub-consultants, and our staff for their support, commitment, tenacity and diligence throughout this important process.”