AVZ 0.00% 78.0¢ avz minerals limited

Ann: Manono Project Due Diligence Update, page-22

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  1. 2,180 Posts.
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    I suspect this may the lowest base going forward.

    Licence is valid.
    Legal issue is moot [decision on 20th to put it to bed 100%]
    Pegmatites are more extensive than previously thought.
    Significant zones of spodumene mineralisation identified from mapping.
    Spodumene in core to test surface mineralisation above @ 1.6% Li2O [8.03% pure x 0.2 = 1.6% minimum] with assays to follow.

    1009m of line trenching completed and 469 samples to be assayed.
    Drilling continuing.
    Core photos to come [maybe today]
    Would be nice to hear an analysis from @mineralised
    Great weather expected for next 4 months. [thanks @Pimpfreud]
    I'm sure @TheArchitect is floating around somewhere.

    I'm quite confident now we are heading for a MC of $AU600M with a little bit of dilution along the way, another credit raise and some more drilling/assays and a PFS.
    Sell to Chinese by end of year for $US600-800M please.
    Maybe a 15 fold result.

    I suspect EGM result will be in favour of all resolutions.
    Full steam ahead!!
    ;D
 
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