AVZ avz minerals limited

Ann: AGM Results - Vote of Confidence for AVZ Board, page-74

  1. 13,400 Posts.
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    Remember this TIM what is LYING...????

    Ministerial Decree to Award the Mining Licence
    Manono Lithium and Tin Project
    Highlights:
    • DRC Minister of Mines has signed the ministerial decree to award
    the Mining Licence for the Manono Lithium and Tin Project to
    Dathcom Mining SA (Dathcom)
    1
    • DRC Mining Code requires the Cadastre Minier (CAMI), operating
    under the supervision of the Minister of Mines, to calculate the
    surface rights fee and officially award the Mining Licence following
    the receipt of payment
    • The Ministerial Decree to award the Mining Licence covers the
    entirety of the Roche Dure JORC Mineral Resource and Reserve2&3
    and the Carriere de l’Este exploration target4
    • An area which was excluded under the Ministerial Decree to award
    the Mining Licence, will be renewed under a 5-year Exploration
    Licence to Dathcom, with discussions regarding the terms of the
    ongoing joint venture under discussion with the DRC Government
    • The transaction with CATH is progressing well with closure
    formalities expected to be finalised this month, providing CATH an
    indirect 24% interest in the Manono Project, whilst AVZ retains a
    majority stake of 51%
    • DRC Council of Ministers expected to meet to provide wide ranging
    support for all outstanding permitting and licencing requirements
    for the Manono Project

    Not long after go in SUSPENSION...LOL
 
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