• Volt disappointed by Tanzanian government's decision to cancel Bunyu mining licences
• Significant investment made in Bunyu Graphite Project
• Volt plans to assess legal options, including appeal and international remedies
• Company continues operations in other regions and projects

Volt Resources Limited has announced that its Tanzanian subsidiary, Volt Graphite Tanzania plc, has received formal notification from the Ministry of Minerals of the United Republic of Tanzania that mining licences ML 591/2018 and ML 592/2018 for the Bunyu Graphite Project will be cancelled. The company expresses disappointment with the decision, highlighting significant investments in exploration, feasibility studies, and community engagement. Volt plans to assess legal options, including appealing the decision and exploring remedies under international law. The company continues operations in other regions and projects, including its Zavalievsky Graphite business and US downstream graphite strategy.

Volt Resources Ltd will pursue legal mechanisms to seek a solution for the Bunyu mining licences cancellation, while continuing to progress other projects and strategies.