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AVZ Minerals Ltd

AVZ Minerals bullish on expectations for DRC lithium project

AVZ Minerals Ltd. (ASX:AVZ) managing director Nigel Ferguson speaks to Proactive Investors about the company’s progress with and high expectations for the lithium-rich LCT (lithium, caesium, tantalum) Manono Project in the Democratic Republic of Congo (DRC).

Fully-funded diamond core drilling programs, metallurgical testing and mining studies are underway, whilst discussions into strategic investment and offtake agreements continue.

Speaking about the Manono Project, Ferguson says, “We've got about 12 kilometres of strike length, we're operating within the Southern sector at the moment... it's 250m - 300m wide, it's about two kilometres long, we've got extensions to that as well…. we hope we will have the first resource calculation out in the late end of June and from there we'll obviously be doing infill drilling to get minable reserves [alongside] engineering studies, with the view to fast tracking things as quickly as we can to get into production."

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Price: 0.042 AUD

Market: ASX
Market Cap: $96.77 m
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