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AVZ Minerals on track to release Manono Lithium-Tin Project DFS this quarter

The Manono Lithium-Tin Project DFS is 95% complete with infill drilling of material underneath the dewatered Roche Dure pit to take place.

AVZ Minerals Ltd - AVZ Minerals on track to release Manono Lithium-Tin Project DFS in March 2020
The company is focused on developing the Manono project, potentially one of the world’s largest lithium-rich LCT pegmatite deposits

AVZ Minerals Limited (ASX:AVZ) is on track to release a definitive feasibility study (DFS) for Manono Lithium and Tin Project in the DRC by March 31, 2020, with the study 95% complete.

Pit dewatering is also progressing at Roche Dure with works 99% complete as minor pit floor clean up and the final dewatering of residual water continues.

Managing director Nigel Ferguson said: “We are no longer an exploration company having commenced site works for mining and are migrating towards becoming a fully-fledged mining company.

“With the DFS expected soon, financing and offtakes to soon follow, we are stepping up to ensure a successful mining operation is established at Manono.”

Infill drilling now possible

The company now has the opportunity to undertake further infill drilling of material underneath the pit that could not be accessed while the pit was flooded.

This work is expected to assist in upgrading mineral resource categories from inferred to indicated and from indicated to measured.

The time taken to conduct this work will not impact the timeframe for release of the DFS.

The floor of the Roche Dure pit post dewatering

Transport studies

All transport studies undertaken to date to select the most suitable and cost-effective method of transporting Manono’s lithium products to port have been completed.

The analysis of each of the transport studies is being finalised and will be included in the final DFS to be released by the end of next month.

Construction camp

AVZ has started construction of more sustainable accommodation facilities at Manono, called Camp Colline.

The 30 comfortable, single-man quarters accommodation units recently completed, will be followed by additional accommodation for up to 150 construction personnel, associated kitchen, mess, laundry and recreational facilities.

This early works program also includes the construction of a sewage treatment facility, an RO water treatment plant and additional power facilities for Camp Colline.

The single man quarters accommodation at AVZ Mineral’s Camp Colline

Quick facts: AVZ Minerals Ltd

Price: 0.049 AUD

Market: ASX
Market Cap: $113.19 m

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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...

on 26/4/18

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