No the announcement didn't ...show me the statement that says or hints at a stranded resource ...
Heres what they said.
"...AVZ understands to need to investigate land transport options to ports to establish the most
reliable, quickest and most cost-effective means of moving product from Manono to
international end user customers.
To this end an internal study is considering three basic land to port transport routes. These
are:
• Manono to Dar es Salaam Port in Tanzania;
• Manono to Lobitu Port in Angola; and
• Manono to Durban Port in South Africa.
The most cost effective, and reliable means of transporting the concentrate via these routes
will consider road, river and rail carriage means. Border crossing plus the ability to back haul
mine site consumables will also be considered. AVZ anticipates the freight costs to port may
be a significant operational cost and warrants due consideration of options prior to progressing
into the feasibility study stage.
Gaining all weather road access from Lubumbashi to Manono is another component of the
transportation infrastructure. This work is being conducted by third parties introduced by
Dathomir Mining Resources SARL, one of AVZ’s joint venture partners. A total of US$285
million has been committed to road infrastructure and commenced rehabilitation of the final
section of road from near Mumbolo to Manono which is approximately 256km long. Completion
of the rehabilitation is expected in 2020, with the first stage works providing all weather
rehabilitation of bridges and unsealed road to Manono by 2019 followed by sealing the road
for its entirety.
AVZ is committed to moving ahead with the Manono Lithium Project and will keep the market
updated as to the outcome of the transport study. ..."
