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AVZ Minerals Ltd officially welcomes Yibin Tianyi Lithium as significant shareholder

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 execute a binding offtake agreement for lithium products from the Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC).

Quick facts: AVZ Minerals Ltd

Price: 0.055 AUD

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

on 21/4/20

2 min read