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AVZ Minerals Ltd.
Summary
| Project: | Manono | |
|---|---|---|
| Deposit: | Manono | |
| Location: | Democratic Republic Of The Congo | |
| Commodities: | Lithium-Tin-Tantalum-Iron | |
| Date: | 8/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 2-8-2018: AVZ Minerals Ltd. announces a Resource Estimation report for its Manono deposit at the Manono project. Initial mineral resource estimate for Manono project. AVZ’s Managing Director, Nigel Ferguson said: “This is a significant advance for the pro | |
| Resources: | (Resource, Total): 259.9Mt @ 1.63% Li2O, 844ppm Sn, 43ppm Ta2O5, 0.88% Fe | |
| CP/QP: | [Resources]: Anton Geldenhuys (MSA Group Pty Ltd.) | |
| ABSTRACT: | AVZ’s Managing Director, Nigel Ferguson said: “This is a significant advance for the project. Manono is now confirmed as the world’s largest lithium deposit, with the second highest grade globally. Additionally, there is considerable advantage in having a significant tin component which should help to reduce operating costs by providing a valuable by-product credit. Deleterious elements are all low and we are encouraged by the results of the ongoing drilling, some of which were not included in this Mineral Resource. This work clearly demonstrates that Manono will continue to grow and potentially become a world leading source of lithium.” ASX ANNOUNCEMENT 2 August 2018 AVZ Minerals Limited Level 2, Suite 9 389 Oxford Street Mt Hawthorn, WA 6016 Australia T: + 61 8 6117 9397 F: + 61 8 6117 9330 E: [email protected] W: www.avzminerals.com ABN 81 125 176 703 Directors Managing Director: Nigel Ferguson Technical Director: Graeme Johnston Non-Executive Director: Rhett Brans Non-Executive Director: Honliang Chen Non-Executive Director: Guy Loando Issued Capital 1,888 M Ordinary Shares Market Cap $264.3 M ASX Code: AVZ 2 | P a g e Australian listed lithium metal Company, AVZ Minerals Ltd (ASX: AVZ) is pleased to advise that it has confirmed the potential of its 60% owned Manono Lithium-Tin-Tantalum Project in the DRC’s Tanganyika Province to become a world leader in the global lithium market after announcing a world class maiden Mineral Resource. The Mineral Resource stated as 259.9Mt grading 1.63% Li2O (spodumene) is further categorized into Measured, Indicated and Inferred Mineral Resources as shown in Table 3. | |
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