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AVZ Minerals Ltd

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

The Manono Lithium Project is located in the Democratic Republic of Congo.

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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.

Off-take

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.

Quick facts: AVZ Minerals Ltd

Price: $0.05

Market: ASX
Market Cap: $119.82 m
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