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AVZ Minerals Ltd.

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Summary

Project:

Manono

Deposit:Manono
Location:Democratic Republic Of The Congo
Commodities:Lithium-Fluorine
Date:10/23/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:23-10-2017: AVZ Minerals Ltd. announces an Exploration/Drilling Update report for its Manono deposit at the Manono project. Assay results of old core for Fluorine. The Manono Lithium Project contains immense pegmatites and the assay results from the preli
Resources:x
CP/QP:[Overall Report]: Peter Spitalny (Hanree Holdings Pty Ltd.)
ABSTRACT:The Manono Lithium Project contains immense pegmatites and the assay results from the preliminary drilling have confirmed that the pegmatites could potentially be the largest hardrock source of lithium in the world. AVZ is progressing drilling to define a Mineral Resource, compliant with the 2012 JORC Code, for the Roche Dure Pegmatite. Following this, additional Mineral Resources will be targeted for the other large pegmatites at the project (i.e. the Kyoni, Mpete, Tempete, Carriere De L’Est and Malata pegmatites). A pre-requisite to defining a Mineral Resource for lithium in a pegmatite is precise knowledge of the mineral species within the pegmatite; grade alone is not sufficient. Although coarsegrained spodumene has been identified with confidence from visual inspection of the drill-core and the assay results corroborate the identification of spodumene, the detailed composition of the pegmatite required verification. In addition, it is important to understand the concentrations of deleterious elements within the pegmatite, particularly the concentrations of Iron, Phosphorus and Fluorine. High concentrations of these elements in lithium pegmatite ores is undesirable as it adds cost to the processing of lithium minerals and can reduce the amount of lithium extracted.

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