AVZ Minerals

Website: www.avzminerals.com.au
Primary ticker: ASX:AVZ
Stage of development: Development
Primary minerals: Lithium
Project to promote: Manono Lithium and Tin Project

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AVZ Minerals Ltd is a junior mineral exploration company listed on the ASX. The company is focused on developing the Manono Project located in the south of the Democratic Republic of Congo. AVZ has a 60% interest in the Manono Project and a 100% interest in the Manono Extension Project. In 2018, AVZ announced a maiden JORC Mineral Resource Estimate for the Roche Dure Pegmatite with a Total Measured, Indicated and Inferred Resources of 259.9Mt grading 1.63% Li2O (spodumene). This estimate confirmed Manono as the world’s largest hard rock spodumene deposit. The Manono pegmatite extends for a strike length of at least 13km and is more than 240m thick in places.

Management Profile

Nigel Ferguson, Managing Director

A geologist with over 30 years’ experience having worked in senior management positions for the past 18 years. He has experience in the exploration and definition of precious and base metal mineral resources throughout the world, including DRC, Zambia, Tanzania, Saudi Arabia, South East Asia and Central America. He has been active in the DRC for 15 years in gold and base metals exploration and resource development. Mr Ferguson is also Director of Okapi Resources Ltd (ASX: OKR) and has over 18 years in executive roles of listed companies on the LSE:AIM, ASX, TSXV and CSE.


What is your rationale for attending 121 Mining Investment?

LOOKING FOR FINANCING TO PLACE THE PROJECT INTO PRODUCTION


What recent news would you like to highlight to investors attending?

Nov – AVZ appoints Dr J Clarke to compliment the Board moving into production
Oct – AVZ receives confirmation of increased equity stake in world-class Manono Project
Aug – Positive Results from Initial Metallurgical Test Work on Roche Dure Resource Samples
Jul – AVZ Appoints GR Engineering as DFS Engineer


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

3 Months:
FINALISE DEWATERING POIT AND COMEPLTE GEOTECHNICAL STUDIES; INCREASE RESOURCE CONFIDENCE TO MEASURE AND INFERRED CATEGORIES

6 Months:
Completion of the Definitive Feasibility Study

12 Months:
COMPLETE FINANCING AND AWARD MINING AND ENGINEERING CONTRACTS


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

GEOPOLITICAL RISK, TRANSPORTATION AND FINANCING RISK


In a sentence, what do you think makes your company such a compelling investment?

LARGEST AND BEST UNDEVELOPED LITHIUM PROEJCT WITH MASSIVE RESOURCES AND MINER LIFE. PREMIUM PRODUCT