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AVZ Minerals Ltd.

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Summary

Project:

Manono

Deposit:Roche Dure
Location:Democratic Republic Of The Congo
Commodities:Lithium-Tin
Date:1/31/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:31-1-2019: AVZ Minerals Ltd. announces an Exploration/Drilling Update report for its Roche Dure deposit at the Manono project. Drilling results incl. 209.61m @ 1.73% Li2O, 954ppm Sn from 113.20m. AVZ’s Managing Director Mr Nigel Ferguson commented: “The p
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Micheal Cronwright (MSA Group Pty Ltd.)
ABSTRACT:AVZ’s Managing Director Mr Nigel Ferguson commented: “The previous JORC estimate (November 2018) used assay results for holes up to and including MO18DD066. However, assay results for the remaining Roche Dure holes up to and including MO18DD083 are still coming in from the laboratory and these 5 new drillholes have further confirmed strong spodumene values along strike in the NE of the Roche Dure orebody as well as from infilled areas included in the November JORC estimate. It is planned to rerun the JORC estimate once all of the remaining holes have been received, most probably in late February 2019. The later holes from 2018 also include shallow holes drilled both down dip from the western edge of the pit (MO18DD074) and along strike from the South East of the open pit perimeter to try and obtain information from shallower parts of the orebody, beneath the open pit. Whilst these sample results are also yet to be received, physical inspection of the samples confirms the presence of strong lithium mineralisation near the open pit floors.” “Once the rainy season eases, AVZ plans to commence dewatering of the Roche Dure and neighbouring M’Pete open pits. This is expected to take some 3 to 4 months of continuous pumping and conclude towards the end of the 2nd quarter 2019 depending on the conditions encountered. This work forms part of the mining Feasibility Study and with the pits empty of water, a proper geotechnical assessment of the pit walls will be undertaken. It will also be possible to drill the pit floor to determine the lithium content of the pegmatite that is likely to form the first material to report to any proposed new processing plant. The geological and assay information obtained will then be added to the JORC estimate at that time with the expected result of upgrading tonnages within JORC categories but not the total JORC tonnages.” AVZ Minerals Limited (ASX: AVZ) is pleased to report it has received further strong results from its Mineral Resource drilling at the Manono Lithium and Tin Project in the Democratic Republic of Congo. It has received results from a further five diamond drill holes at Roche Dure, none of which were included in the recently updated JORC Mineral Resource estimate reported in late November 2018..

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