Volta Mining

Company History

Volta Mining Ltd is an ASX listed (ASX: VTM) emerging junior iron ore company headquartered in Perth, Australia, which is focused on the exploration and development of its project assets and value accretive acquisition opportunities.

The Company’s current portfolio consists of projects in recognised iron ore precincts; the Pilbara region of Western Australia and the West African country of Gabon. In January 2014, Volta completed the acquisition of private company Pilbara Commodities Ltd, which held a number of highly prospective exploration licences. This acquisition strengthened Volta’s iron ore portfolio in the Pilbara region, and included the Hancock Ranges Iron Ore Project, which is an exploration priority for the Company. As well as the Hancock Ranges Iron Project, Volta also acquired Pilbara Commodities’ other projects via the acquisition, including: the Hamersley Ranges Project (Iron Ore), Bangemall Project (Copper, Zinc and Manganese) and the Pannawonica Project (Nickel, Copper).

Via its project area in Gabon, Volta is one of the largest holders of prospective iron ore licences in central and West Africa, positioning it as a significant participant in the iron ore sector in the region. Its Mbombo Iron Ore Project in Gabon covers an area of 3,922km2 and is situated adjacent to the world class Belinga iron ore deposit. Volta Mining listed on the ASX on 19 October 2011.

Iron Ore Projects

Volta Mining has recently strengthened its iron ore portfolio with the acquisition of the entire issued capital of Pilbara Commodities Limited, which holds a 100% interest in a number of exploration licences in the Pilbara region of Australia. These include the prospective Hancock Ranges Iron Ore Project and the Hamersley Ranges Iron Ore Project.

HANCOCK RANGES IRON ORE PROJECT, AUSTRALIA

The Hancock Ranges Iron Ore Project is located within 10 km of the town of Newman in the Pilbara iron ore region, in the north west of Western Australia. It comprises three leases (E47/2606, E47/2607 and E47/2608) targeting Banded Iron Deposit (BID) style iron mineralisation. The Project is well situated relative to exiting operating iron ore projects as well as existing and proposed third party rail infrastructure.

In August 2014, Volta completed its first drill program at the Hancock Ranges Project. The program targeted the Sirius Extension Prospect and the results confirmed the project’s potential to host iron ore mineralisation at Direct Shipping Ore (DSO) grades. Drilling validated Volta’s exploration model that the trend of hematite mineralisation in the area extends into the Sirius Extension Prospect, and also confirmed the existence and continuity of mineralisation at depth.

The licence won priority in a recent Wardens Court ballot by Epienergy and is recommended for grant.

It is close to existing and proposed third party railways and mining operations including Rio Tinto’s Nammuldi/Brockman 2 operations and is neighboured by Fortescue Metals Group to the west; Aquila Steel/AMCI to the north; and Rio Tinto to the south.

Geological Summary

The Hamersley Ranges Iron Ore Project has potential for both bedrock and buried channel/detrital iron ore mineralization. Bedrock mineralisation associated with the lower most units of the Brockman Iron Formation is the main exploration target within the licence area.

Volta Mining’s consultant geologist has completed a desktop study review of the results of historical exploration that was conducted within and adjacent to the licence area.

Historical exploration investigating the iron ore potential of the broader area has been conducted since the 1970s by a number of companies; the majority of work carried out by The Broken Hill Proprietary Company Limited (“BHP”), Rio Tinto Ltd and Robe River Mining Company Pty Ltd (“ROBE”). Exploration has comprised aerial photography and photo interpretation, mapping, rock chip sampling, drilling and geochemical analysis.

BHP undertook an extensive program of exploration in the area between 1970 and 1978 and recorded several iron ore occurrences within and immediately surrounding the exploration licence area (E47/2855). In 1972, BHP Deposit 20 located near the central southern boundary of the licence (E47/2855), was mapped however, no drilling was conducted. BHP identified haematite-goethite mineralization assigned to the Dales Gorge Member of the Brockman Iron Formation on the southern margin of the ranges.

There still exists a large proportion of the rest of the licence area that is masked by Quaternary alluvium, in particular the central and northern blocks. Potential for both bedded (BID) and channel/detrital (CID/DID) iron deposits situated below recent alluvium tested has not been fully tested by historical exploration, whilst the priority target is the iron mineralization associated with the identified BHP Deposit 20.

Next steps Upon licence grant, reconnaissance mapping and geochemical sampling is to be completed in order to further understand the geology, nature and scale of targets already identified within the licence area including BHP Deposit 20; as well as to identify any potential for new targets such as bedded, channel and detrital iron ore targets located under areas of recent alluvial cover.

The results will assist with target prioritisation and planning of any proposed drill testing.

Board & Management

Volta Mining brings together a highly capable and well respected board of directors with considerable experience across all aspects of exploration, operations, finance, corporate development and capital markets.

The board is complemented by an experienced team who oversee the exploration activities of Volta Mining’s projects and who will manage expansion upon the identification of specific targets and that of any additional projects acquired by the company as part of its growth strategy.

Directors

Mr George Lazarou, Non-Executive Chairman

Mr David Sumich, Managing Director Background

Mr John Hancock, Non-Executive Director [2]

Mr Peter Smith, Non-Executive Director

Senior Management

David Sumich, Managing Director