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Bunyu graphite project, Tanzania

7th September 2018

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Bunyu graphite project.

Location
Tanzania.

Client
Volt Resources.

Project Description
Bunyu has total proven and probable reserves of 2.82-million tonnes grading 6.3% total graphitic carbon.

The project will be developed over two stages.

Stage 1 will focus on the development of a nominal 20 000 t/y to 25 000 t/y graphite mine and processing facility.

Volt Resources’ strategy for Stage 1 is based on a plant throughput of 400 000 t/y of ore and a nominal mine life of 7.1 years.

The proposed mining method is a conventional, drill, blast, load-and-haul openpit, with waste material stacked in waste dumps. Mining will be undertaken by a contractor under the control and management of Volt Graphite Tanzania personnel and will likely be operated on a 12-h, 365 d/y basis as required.

A bench height of 6 m has been selected, excavated in 3 m x 2 m lifts or flitches. This is considered appropriate for the orebody and the equipment proposed by mining contractors.

Stage 2 will be an expansion of Stage 1 production based on market demand for Bunyu’s graphite products, and leveraging the large-scale graphite mineral resource and Bunyu’s close proximity to critical infrastructure.

Potential Job Creation
Stage 1 has a pretax net present value, at a 10% discount rate, of $18.6-million and an internal rate of return of 21%, with a payback after-tax of 4.4 years.

Value
Stage 1 has a capital cost of about $31.8-million.

Duration
Not stated.

Latest Developments
Volt Resources has received environmental approval for its Bunyu graphite project.

The environmental-impact assessment certificate is the final prerequisite for the granting of a mining licence, and one of the final remaining major milestones in terms of government permitting for the project.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Volt Resources, tel +61 8 9486 7788 or email info@voltresources.com.

Edited by Creamer Media Reporter

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