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AVZ Minerals Ltd.
Summary
| Project: | Manono | |
|---|---|---|
| Deposit: | Manono | |
| Location: | Democratic Republic Of The Congo | |
| Commodities: | Lithium-Tin-Tantalum-Iron-Phosphorus | |
| Date: | 5/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-5-2019: AVZ Minerals Ltd. announces a Resource Estimation report for its Manono deposit at the Manono project. Updated mineral resource estimate at the project. AVZ’s Managing Director Mr Nigel Ferguson said: “This resource upgrade represents another ma | |
| Resources: | (Resource, Total): 400Mt @ 1.65% Li2O, 715ppm Sn, 34ppm Ta, 0.96% Fe2O3, 0.29% P2O5 | |
| CP/QP: | [Resources]: Ipelo Gasela (MSA Group Pty Ltd.) | |
| ABSTRACT: | AVZ’s Managing Director Mr Nigel Ferguson said: “This resource upgrade represents another major step forward in the Company’s plans for development of the Manono Project. This update provides further assurances as to the demonstrated world-class scale, grade and nature of the Manono Project. We are encouraged by the results of the upgrade in resource categories which were expected given the results of the drilling program. This ongoing work shows us that Manono will continue to grow significantly and will be underpinned by a high grade Measured and Indicated Mineral Resource for the majority of the Roche Dure pegmatite drilled to date. The greatly increased confidence level in sections of the Roche Dure Mineral Resource is more than sufficient to support the production schedules and financial modelling within the 5Mtpa scoping study, which is now close to completion.” “The reported Mineral Resource of 400Mt at a grade of 1.65% Li2O also contains tin at an average grade of 715ppm (in cassiterite) and tantalum at a grade of 34ppm (in tantalite). There is now a better understanding on the distribution of these minerals with low and high grade zones being defined. The reported Measured and Indicated Lithium Mineral Resource below the weathered pegmatite includes grades of 816ppm Sn (220Kt Sn in cassiterite) and 36ppm Ta (9.6Kt Ta as Ta2O5). Additionally, a Tin and Tantalum Mineral Resource is reported in the weathered pegmatite zone close to surface. MSA reported a Mineral Resource above a cutoff grade of 500 ppm in the weathered pegmatite containing 18Mt grading at 1,162ppm Sn and 46ppm Ta. Metallurgical core samples have arrived in Fremantle and once offloaded will be sent to Nagrom for the planned test work including reporting of Tin and Tantalum recoveries which are expected to benefit the bottom line when both recovered tin and tantalum estimates are included in future financial modelling. Other key elements of the Feasibility Study are already well underway, and we look forward to providing further information going forward.” | |
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