Germany Government Confirm Namangale Graphite Quality
Australian mining company Volt
Resources (ASX:VRC) recently announced that an independent German metallurgical
laboratory has confirmed the high quality of the Namangale graphite
concentrate.
The tests also show that the concentrate is
highly suitable for producing commercial grade expandable graphite for flame
retardant foam and graphite foil, which are two key growth markets for graphite
distribution.
The report indicates: “expansion
tests of expandable graphite made of flake graphite concentrate from Namangale
were very successful compared with product from other origins.” Volt notes that
the German group that completed the testwork is a global specialist in graphite
testing and analysis.
“This is highly encouraging news flow for
Volt, as proposed regulatory changes in China and Europe for the mandatory use
of non-toxic substances in flame retardant building materials could result in
substantial future demand for expandable graphite,” the company indicates.
“Having independent test work confirm the
suitability of Volt’s graphite product in the flame retardant building
materials market is a key differentiating feature from rivals,” Volt adds.
Trevor Matthews, CEO of Volt, commented:
“With recent initial tests in the
U.S. confirming the high quality of Volt’s concentrate to be used in
lithium-ion batteries, it is very encouraging to have independent confirmation
that Namangale graphite concentrate is highly suitable for expandable graphite
too.
The sales and marketing team will be targeting
prospective end-user customers globally across a range graphite end-user
markets.
At this point in Volt’s development, it is a
significant differentiating feature and competitive edge to be able to deliver
concentrate that can make high quality spherical and expandable graphite for
various downstream applications.”
Namangale Graphite Project The
Namangale graphite project in south-east Tanzania is wholly owned by Volt
Resources.
In Q2 2016, the company signed three
Memorandums of Understanding (MoUs) for graphite off-take with some of the
largest companies in the lithium-ion battery market: Chinese Optimum Nano,
Huzhou Chuangya and Shenzhen Sinuo.
The MoUs cover an annual production
of 100,000t of graphite, of which 60,000t with Optimum Nano, 20,000t with Huzhou
Chuangya and the remaining 20,000t with Shenzhen Sinuo.
Tanzania Graphite Tanzania’s largest
graphite deposits are located in the central and east southern regions of the
country. Graphite discoveries in Tanzania come mainly from Australia based
graphite developers, Magnis Resources (ASX:MNS), Volt Resources (ASX:VRC) and
Kibaran Resources (ASX:KNL).
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