logo-loader
viewAVZ Minerals Ltd

AVZ Minerals bullish on expectations for DRC lithium project

AVZ Minerals Ltd. (ASX:AVZ) managing director Nigel Ferguson speaks to Proactive Investors about the company’s progress with and high expectations for the lithium-rich LCT (lithium, caesium, tantalum) Manono Project in the Democratic Republic of Congo (DRC).

Fully-funded diamond core drilling programs, metallurgical testing and mining studies are underway, whilst discussions into strategic investment and offtake agreements continue.

Speaking about the Manono Project, Ferguson says, “We've got about 12 kilometres of strike length, we're operating within the Southern sector at the moment... it's 250m - 300m wide, it's about two kilometres long, we've got extensions to that as well…. we hope we will have the first resource calculation out in the late end of June and from there we'll obviously be doing infill drilling to get minable reserves [alongside] engineering studies, with the view to fast tracking things as quickly as we can to get into production."

Quick facts: AVZ Minerals Ltd

Price: 0.053 AUD

ASX:AVZ
Market: ASX
Market Cap: $150.44 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of AVZ Minerals Ltd named herein, including the promotion by the Company of AVZ Minerals Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

AVZ Minerals Ltd officially welcomes Yibin Tianyi Lithium as significant...

AVZ Minerals Limited's (ASX:AVZ) Nigel Ferguson speaks to Proactive's Andrew Scott after securing an equity investment of $10,687,500 from Yibin Tianyi Lithium Industry Co., Ltd. Yibin Tianyi will hold the equivalent of a 9% stake in AVZ. Yibin Tianyi and AVZ are continuing negotiations to...

on 6/5/20

2 min read