Tapping lithium resources horizontally via the strategic investment into AVZ, which implies remarkable synergies. AVZ holds 60% stake in the Manono project in the South of Congo (Kinshasa), whose verified lithium resources in the target area set to be prospected falls in the range of 400mn tonnes ~ 800mn tonnes with the lithium oxide grade at 1% ~1.5%. If this project effectively derives the lithium resources mentioned above, Huayou Cobalt can swiftly gain exposure to lithium resources, which will lay a solid foundation for implementing its mid/long term strategy.
AVZ Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
