Maybe you have that wrong FLOG or FLAP remember this MAY 2022 Now still no M L....lol Just the HOLE getting deeper....lol
Ministerial Decree to Award the Mining Licence
Manono Lithium and Tin Project Highlights: • DRC Minister of Mines has signed the ministerial decree """"" to award the Mining Licence for the Manono Lithium"""""""" and Tin Project to Dathcom Mining SA (Dathcom) 1 • DRC Mining Code requires the Cadastre Minier (CAMI), operating under the supervision of the Minister of Mines, to calculate the surface rights fee and officially award the Mining Licence following the receipt of payment • The Ministerial Decree to award the Mining Licence covers the entirety of the Roche Dure JORC Mineral Resource and Reserve2&3 and the Carriere de l’Este exploration target4 • An area which was excluded under the Ministerial Decree to award the Mining Licence, will be renewed under a 5-year Exploration Licence to Dathcom, with discussions regarding the terms of the ongoing joint venture under discussion with the DRC Government • The transaction with CATH is progressing well with closure formalities expected to be finalised this month, providing CATH an indirect 24% interest in the Manono Project, whilst AVZ retains a majority stake of 51% • DRC Council of Ministers expected to meet to provide wide ranging
AVZ Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held