Proactive Investors - Run By Investors For Investors

AVZ Minerals shares hit record high on world-class lithium potential

The Manono Lithium Project is located in the Democratic Republic of Congo.
AVZ Minerals shares hit record high on world-class lithium potential
AVZ shares continue to gain

AVZ Minerals Ltd's (ASX:AVZ) shares continue to rocket higher as the latest results from the Manono Lithium Project show the potential that it could be the largest hardrock source of lithium in the world.

Shares last traded at $0.185, and have peaked at $0.19.

By 1pm today, circa 13 million shares have changed hands for a market value of $2.3 million.

Looking back, shares could have been snapped up for a couple of cents at the start of 2017.

Latest news

AVZ is progressing drilling to define a compliant resource under the 2012 JORC Code at the Roche Dure Pegmatite.

Initial results support the potential for high value ore.

The company then has a number of other large pegmatites to target at the project for resources.


Earlier in the month the company signed a Memorandum of Understanding with Shanghai Greatpower Industry Co., Ltd for potential investment in the company and off-take opportunities.

Greatpower is headquartered in Shanghai with operations in the Democratic Republic of Congo.

It is an integrated commodity group with a focus on sourcing and producing battery raw materials and products for the China battery sector.

View full AVZ profile View Profile

AVZ Minerals Ltd Timeline

Related Articles

May 20 2019
The company has identified a path to early development that aims to position Longonjo as an important supplier of NdPr raw materials to meet demand from the electrification of vehicles.
April 02 2019
The Tshipi manganese has a 100-year mine life, and a track record of delivering cash flow and profits
Eureka open pit
February 04 2019
The company aims to recommence gold production at the Eureka open-pit.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use