graphite

The contract is for a 20-year term and has been designed to scale with the production output of the Molo mine.

Tirupati has agreed to acquire the entire issued share capital of Suni Resources from Battery Minerals, including Montepuez and Balama.

The execution of the second material contract is part of the CP for drawdown of the US$20 million debt facility by CRDB Bank in Tanzania.

“The progress being made is aligned with our construction schedule and am confident that the progress of Lindi Jumbo is in good hands.”

NextSource is also accelerating completion of the technical studies already underway for both its Phase 2 expansion of the Molo graphite mine.

"This provides us with additional revenues and operational margins to partially fund our development funding costs going forward."

“This appointment has kickstarted project development activities, with the mobilisation of bulk earthmoving equipment now under way."

“We will continue to be pragmatic in developing additional capacities which are planned and aligned with the graphite markets."

This will position Volt Resources as a globally significant and diversified graphite producer.” - Trevor Matthews

Tanzania, once pinned as a destination of choice for juniors far and wide, took a turn for the worse when legislation changes some years back and a heavy dispute with Acacia over tax claims saw investors turn their attention to other jurisdictions.