AVZ Minerals

Financials:

Primary ticker: ASX:AVZ, OTCQX:AZZVF
Stage of development: Development
Primary minerals: Lithium, Tin Concentrate
Project to promote: Manono Lithium and Tin Project
Project location: DRC
Website: www.avzminerals.com.au

AVZ holds a 75% interest in the Manono Lithium and Tin Project, located 500km north of Lubumbashi in the south of the Democratic Republic of Congo, hosting the world class Roche Dure Mineral Resource, one of the largest undeveloped hard rock lithium deposits in the world.
 
The Manono Project is strategically positioned as a clean, sustainable source of lithium, significantly contributing to the green energy transition, feeding the global lithium-ion battery value chain. With industry leading ESG credentials, it is forecast to be one of the lowest carbon emitting hard rock mines in the world.
 

Cash: USD$48M
Debt: NIL

Major shareholders:
Yibin Tianyi & Suzhou CATH Energy – 7.13%
HSBC Custody Nominees Australia – 6.14%
Huayou International Mining – 6.72%
BNP Parisbas Nominees Pty Ltd ACF Clearstream – 5.23%
Lithium Plus PTY LTD – 4.99%
Management Ownership – ~2%

Management Profile

Nigel Ferguson – Managing Director, AVZ Minerals Limited (BSc Geology, FAusIMM, MAIG)

Mr Ferguson has more than 35 years’ experience in Australia, Africa, Central America, Saudi Arabia & South East Asia across multiple disciplines including general & operational management, technical leadership, mineral resource evaluation & mine commissioning.

He joined AVZ Minerals in 2016 as Technical Director with the responsibility to undertake Due Diligence of the Company’s Manono assets in the Democratic Republic of Congo.

Since being appointed Managing Director in 2017, he has been responsible for the overall operations of the Manono Lithium and Tin Project, management of the Company’s JV with Cominiere & funding of the Company’s activities, raising more than A$75 million for AVZ to December 2022.

What is your rationale for taking part in 121 Mining Investment?

We plan to meet with key industry players, government organisations, investors and financiers.

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Award of mining licence, major contracts and commence development of the Project

6 Months:
Finalise project financing

12 Months:
Maintain project on schedule and identify AVZ’s next major project

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Currently have a single project focus, we will look to lower this risk through future project diversity

What do you think makes your company such a compelling investment?

The Manono Project is a truly world class deposit with significant expansion potential to become one if not the largest independent supplier of lithium to the Li-ion battery industry

What are the top 3 key investor takeaways?

1. World class project
2. Growth & saleability potential
3. Buoyant market outlook