An Australian graphite exploration company, currently developing the largest mineral resource in Tanzania, has been awarded an environmental certification for the project.
Volt Resources Ltd announced in a statement this week that it has received an Environmental Impact Assesment (EIA) certificate for its Bunyu graphite project.
The certificate, awarded by the National Environment Management Council of Tanzania (NEMC) is described as a “significant milestone” in the company’s journey to receiving all the necessary mining licences and bringing Bunyu into operation.
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.”
With 461Mt @ 4.9% TGC (comprising 20Mt Measured Mineral Resources @ 5.3% TGC, 155Mt Indicated Mineral Resources @ 5% TGC and 286Mt Inferred Mineral Resources @ 4.9% TGC), with 22.6Mt of contained graphite, the Bunyu Graphite Project is the largest JORC Mineral Resource deposit in Tanzania.
Volt Resources has an ambition to the top 3 global supplier of natural graphite by 2020.
Upon lodging the EIA certificate with the Tanzanian Minerals Commission, the company ios expected to receive two mining licences which push the Bunyu project 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.”