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Force Commodities' shares jump on lithium near AVZ Minerals

Published: 09:15 22 Aug 2017 AEST

central-africa
Force Commodities added 39% yesterday

Force Commodities Ltd's (ASX:4CE) shares added another 39% yesterday to close at $0.068, as the company continues to receive a positive re-rating as lithium due diligence progresses in the south east of the Democratic Republic of the Congo (DRC).

Over a two-month time frame, shares are four times higher.

4CE has commenced its technical due diligence on the Kitotolo and Kiambi Lithium Projects, which is expected to be completed by the 15th September 2017.

Adding interest, Kitotolo is located 30 kilometres south west of AVZ Minerals Ltd (ASX:AVZ) Manono Lithium Project.

AVZ recently attracted raised $13 million from a subsidiary of Huayou Cobalt, the largest cobalt chemicals producer in China.

Funds will be used for drilling and the initial metallurgical testwork programs.

AVZ shares have increased 15-fold over 12 months to $0.165.

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