COOPERATION AGREEMENT WITH LEADING CHINESE GRAPHITE GROUP OPENS UP SIGNIFICANT OPPORTUNITIES
HIGHLIGHTS
* Volt has entered into a cooperation agreement with Aoyu Graphite Group Aoyu to process up to 1,000 tonnes of Namangale ore in Q3 2017 under a product trial
* Approximately 40 tonnes of graphite concentrate to be produced
* Graphite concentrate processed into spherical and expandable graphite industrial size samples for sending to prospective global customers
* Post the production trial, Aoyu and Volt will commence discussing:
• establishing a processing agreement to produce up to 20,000tpa of spheroinised graphite; and
• a 10,000tpa - 20,000tpa off-take agreement for graphite concentrate
INTRODUCTION
Volt Resources Limited’s (ASX: VRC), (Volt) proactive approach to marketing in China has paid off with a cooperation agreement with Aoyu Graphite Group (Aoyu - pronounced “owyu”), which is a leading integrated operator within the global graphite industry. This agreement paves the way for Volt to produce industrial size samples of spherical and expandable graphite that can be distributed to global clients to expedite their product testing and assist product offtake negotiations.
Ann: Cooperation Agreement with Leading Chinese Graphite Group, page-2
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