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AVZ Minerals: DFS on Manono 'is confirmation project is world-class'

AVZ Minerals Ltd's (ASX:AVZ) Nigel Ferguson speaks to Proactive's Andrew Scott following the release of a positive definitive feasibility study (DFS) on its Manono Lithium and Tin Project in the Democratic Republic of Congo.

Among the highlights it reveals a US$2,348 million pre-tax NPV10 and US$1,028 million post-tax NPV10 as well as a Net Profit After Tax - Life of Mine of US$3,779 million.

AVZ currently holds 60% of the project and has an option to increase to 65%.

Quick facts: AVZ Minerals Ltd

Price: 0.055 AUD

ASX:AVZ
Market: ASX
Market Cap: $156.12 m
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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