AVZ Minerals
Financials:
Primary ticker: ASX:AVZ, OTCQX:AZZVF
Stage of development: Development
Primary minerals: Lithium and 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.
Cash: USD73M
Debt: Nil
Major shareholders:
HSBC Custody Nominees (Australia) Limited – 7.58%
Yibin Tianyi Lithium Industry Co Ltd – 6.73%
Huayou International Mining (Hong Kong) Limited – 6.14%
BNP Paribas Nominees Pty Ltd ACF Clearstream – 5.35%
JP Morgan Nominees Australia Pty Ltd – 3.70%
Management Ownership – 2%
Management Profile
Nigel Ferguson – Managing Director
Mr Ferguson is a geologist with 32 years of experience who has worked in senior management positions for the past 20 years in a variety of locations. He has experience in the discovery 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 since 2004 in gold and base metals exploration and resource development.
Mr Ferguson is a geologist with 32 years of experience who has worked in senior management positions for the past 20 years in a variety of locations. He has experience in the discovery 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 since 2004 in gold and base metals exploration and resource development.
What is your rationale for taking part 121 Mining Investment?
We plan to meet with key industry players, government organisations, investors and financiers.
What recent news would you like to highlight to investors attending?
N/A
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 for first production of SC6 in 2023 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?
One issue is cost pressure and inflation that is resulting from global macro factors (e.g., fuel cost) and increased competition for resources amongst mining companies (e.g., people, drill rigs etc.). We are overcoming this by locking in long term contracts with suppliers and building a positive team culture in order to minimise staff turnover.
What do you think makes your company such a compelling investment?
Currently have a single project focus, we will look to lower this risk through future project diversify
What are the top 3 key investor takeaways?
1. World class project
2. Growth & saleability potential
3. Buoyant market outlook
2. Growth & saleability potential
3. Buoyant market outlook