So regarding our last sensitive announcement....Cooperation Agreement with Aoyu, 22 May 2017....
With the new direction, I assume, we should be getting some more information on the below....
Completion of the Stage 1 Feasibility Study, completing Project approvals, construction contracts, securing project development funding and other development conditions so it can commence building a 10,000tpa - 20,000tpa graphite concentrate processing facility at Namangale from 4Q 2017. This represents the first phase of Volt’s strategy to fast track production and revenue generation with the plan to be in production by mid-2018.
A key benefit in developing a relationship with Aoyu is the prospect of processing Namangale ore into graphite concentrate to ship to US-based NanoGraphene Inc (NGI) from Q1 2018
Obviously below is the essential from the announcement:
Management is currently in discussions/negotiations with a number of investors and financial institutions in relation to development funding and will update shareholders in due course.
With stage 2 to be expanded upon stage 1.
Otherwise, I really do not have anything else here, but just the frustrating waiting game....
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So regarding our last sensitive announcement....Cooperation...
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