Running discussion on SP, page-57144

If you look at any picture of Manono from the air you will see large mounds of waste from prev mining. Tantalex (TSE listed) owns these above ground mounds which are said to contain low grade weathered spod lithium around 0.5% Li20 from memory. AVZ however has the rights to the ground immediately beneath the mounds and all ground around these old dumps hence the access rights required by Tantalex. The jewel of Manono is the "Fresh Spod" which contains the un-weathered pegmatite which AVZ owns the rights to. I'd expect Tantalex to also benefit from the Manono SEZ. I don't know at what stage the Tantalex development is at.

IIlegal miners are mining the weathered alluvial spod (from surface 0 to 30m ) for tin via numerous mine shafts from the pictures Ive seen.


On the offtakes most have a 3 or 5 year expiry at which time I'd expect that pricing may be re-negotiated. Contracts were especially designed to take into account the fluctuating SC6 price as it was known that Spod price would rise dramatically. So some protection is built in unlike many of our peers I suspect.