Project equityFollowing award of the mining licence, La Congolaise D’Exploitation Miniere SA (or Cominiere, which owns 25% of Dathcom) will cede 10% of its interest to the DRC government.AVZ is in advanced discussions with the government regarding the purchase of Cominiere’s remaining 15% interest in Dathcom.
It retains legal title to a 75% interest in Manono and is progressing the sale of an indirect 24% interest to cornerstone investor CATH Energy Technologies under a multi-faceted agreement.Once that agreement has been finalised, AVZ will hold an indirect interest in 51% of the Manono project (excluding the 15% interest to be acquired from Cominiere).
AVZ Price at posting:
80.0¢ Sentiment: Buy Disclosure: Held
