Running discussion on SP, page-83404

Simplified for you on where $AVZ stands to date.

Positives:

• Engagement with DRC Government: AVZ Minerals is actively engaging with the DRC Government to resolve disputes amicably.
• Draft MOU: A draft Memorandum of Understanding (MOU) has been created to facilitate a staged settlement.
• Legal Actions: AVZ is pursuing legal actions to hold various parties accountable for breaches and non-compliance.

Negatives:

• No Agreement Reached: Despite efforts, no agreement has been reached on the settlement terms.
• Cominière Breaches: Cominière has breached emergency relief orders, leading to significant penalties¹.
• Government Involvement: There are concerns about the DRC Government’s involvement in modifying mining permits, which could complicate the dispute further.

• Fundraising: AVZ Minerals raised A$1.4 million through unsecured convertible notes to fund operational costs and ongoing legal proceedings¹.
• Convertible Notes: These notes have a 5-year term, a 12% annual coupon, and convert at a 15% discount to the share value under certain conditions.
• Legal Strategy: AVZ is continuing negotiations with Locke Capital for a litigation funding facility and is pursuing legal strategies to protect its interests in the Manono Project².
• Future Options: A call option for additional convertible notes worth A$750,000 is available until September 30, 2024³.

Stay strong people. Just remember: She is the world LARGEST Li mine on the planet!
Of course corruption will be involved.