Ann: Cooperation Agreement with Leading Chinese Graphite Group, page-42

Wow, ok so let's look at this more closely.

Volt is simply providing Aoyu with a 1,000 tonne ore sample to process under a product trial. That's it, end of agreement.

This whole announcement is just about providing a sample to a potential customer. Every single graphite company is doing this but without the big song and dance routine.

And then after the trial they will commence discussions.

In other words there is nothing binding whatsoever about this agreement to cooperate, it's just an MOU. There's even a paragraph stating its subject to a stage 1 feasibility study, project approvals, construction contracts, project development funding and other development conditions.

This announcement means absolutely nothing, it's an MOU rebranded and Volt also admitted they haven't completed a feasibility study. So they don't even know if this new strategy will make any money.

And more importantly VRC still hasn't updated shareholders on how they will fund any of this. So I dunno either, call me ole fashioned but this looks like a marketing pitch and probably not worth a brass razoo.