The Manono licence was awarded as Research Permit PR13359, issued on the 28th December 2016 to La Congolaise d’Exploitation Miniere SA (Cominiere). It is valid for 5 years but this period was extended indefinitely in April 2020 when the Company applied for a new Mining Licence. On the 2 nd February 2017, AVZ formed a joint-venture (JV) with Cominiere and Dathomir Mining Resources SARL (Dathomir) to become the majority partner in a JV aiming to explore and develop the pegmatites contained within PR13359. With the purchase of Dathomir’s 15% shareholding in 2021, current ownership of the Manono Lithium Project is AVZ 75% and Cominiere 25%. • AVZ manages the project and meets all funding requirements. • All indigenous title is cleared and there are no other known historical or environmentally sensitive areas.
AVZ Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held
