AVZ Minerals
AVZ Minerals Limited is a mineral exploration and development company listed on the Australian Stock Exchange (ASX:AVZ).
Strategy Quote
“To be the leading producer of lithium within Africa and supplier to the worlds’ battery manufacturing industry.”
Founding Year
2007
Summary
The company is focused on developing the Manono lithium and tin project located in the south of the Democratic Republic of Congo.
At present, AVZ holds a 60% interest in the Manono lithium and tin project and a 100% interest in the Manono Extension project which surrounds the Manono lithium and tin project. The company has secured the rights to an additional 15% interest in the Manono lithium and tin project subject to completion of two separate Share Sale Purchase Agreements at which stage AVZ will own a 75% interest in the project.
Main Assets
AVZ is solely focused on the development of the Manono lithium and pin Project which is located 500km due north of Lubumbashi in the south of the Democratic Republic of Congo.
The Manono project is one of the world’s largest lithium-rich LCT (lithium, caesium, tantalum) pegmatite deposits.
The Manono pegmatites extend for a strike length of at least 13 km and are more than 240 m thick in places.
The Roche Dure Mineral Resource (JORC) stands at 400 million tonnes at 1.65% Li2O (spodumene), 715ppm Sn and 34ppm Ta – which represents the world’s largest hard-rock spodumene deposit.
Additional Resources
ASX Announcements: https://avzminerals.com.au/asx-announcements
Corporate Presentation – August 2020: https://bit.ly/3oWgN7F
Contact
Twitter: @AvzMinerals
LinkedIn: @AVZMinerals
Website: www.avzminerals.com.au
Tel: +61 8 6117 4397