Based on past operating performance and improvements to operations and planning, ZG is forecast to produce between 8,000 and 9,000 tonnes of graphite products for the year ending 30 June 2023. The production forecast for ZG’s unique high value purified graphite product will be provided once operations are ramped up and stabilised. The production forecast includes a provision of two months lost production during the winter months due to the water and tailings pipeline issue previously disclosed. Volt will be looking for solutions to implement to mitigate this lost production in the winter months.

Sales prices are currently being negotiated but are expected to be in the range of US$750 to US$850 per tonne CIF for the fine flake product grading 94% TGC. ZG’s high purity product grading between 99% and 99.5% TGC is expected to achieve a sales price between US$1,500 to US$2,000 per tonne CIF.