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AVZ Minerals in trading halt ahead of an equity placement announcement

The company’s securities will remain in a trading halt until Tuesday, November 12, or when an announcement is made to the market.

AVZ Minerals Ltd - AVZ Minerals Ltd is in trading halt ahead of an equity placement
Dewatering of the Roche Dure Pit is expected to be completed in December

AVZ Minerals Ltd (ASX:AVZ) has been granted a trading halt by the ASX ahead of news of an equity placement to a strategic investor.

The trading halt will remain in place until the beginning of trade on Tuesday, November 12, or when an announcement is made to market – whichever occurs earliest.

Shares last traded at 4.3 cents after reaching 4.8 cents earlier this week.

Manono environmental and social impact studies

Earlier this month the company started environmental and social impact studies at the tier-one Manono Lithium and Tin Project in the Democratic Republic of Congo.

EmiAfrica has been appointed to carry out these studies, which form part of the formal process for AVZ to obtain mining permits.

Consultants from EmiAfrica, along with senior members of AVZ’s technical team have started meeting with local chiefs and dignitaries to appraise them of the company’s intentions to mine the Roche Dure deposit at Manono.

Quick facts: AVZ Minerals Ltd

Price: 0.043 AUD

ASX:AVZ
Market: ASX
Market Cap: $99.08 m
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