Volt Resources has signed a letter of intentnwith US firm M2i Global Inc to supply up to 20 000 t/y of graphite to the US Department of Defence.
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The updated PFS has estimated a capital cost of $33.1-million, compared with the $31.8-million estimated in the 2018 PFS, with the project’s net revenue increasing from $268.6-million to $433.2-million, its after-tax net present value from $14.7-million to $36.4-million and its internal rate of return from 19.3% to 23.6%.
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