AVZ 0.00% 78.0¢ avz minerals limited

These are the changes I picked up: Page 1 - (point removed)...

  1. 26 Posts.
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    These are the changes I picked up:

    Page 1 - (point removed)
    Manono exploration target upgraded to between 1Bt and 1.2Bt of between
    1.25% and 1.5% Li2O

    Section replaced
    (NEW)

    EXPLORATION TARGET UPGRADE
    The results discussed in this update greatly enhance the potential of the Manono Lithium Project with the northern Manono sector now confirmed to contain well mineralised spodumene rich pegmatite which has thus presented a target at least double that previously stated. In particular, the receipt of additional drilling results at 400m spacing, confirming the thickness and tenor of mineralisation are encouraging. Furthermore, the trenching results demonstrate that mineralisation extends well beyond those areas tested by drilling to-date, with spodumene a ubiquitous constituent of all the pegmatites. Simple sectional tonnages have been calculated at varying bulk density and grade to provide an indication of potential tonnages present.
    The size of the pegmatites and the proven high-grades of lithium mineralisation has led AVZ to upgrade its exploration target for the entire project to be within the range:
    1 Billion to 1.2 Billion tonnes of 1.25% to 1.5% Li2O*: including
    300 Million to 400 Million tonnes of 1.25% to 1.5% Li2O* for the Roche Dure pegmatite alone.
    AVZ is planning to complete an initial 20,000m drilling programme, due to commence early in Q4 of 2017, to define a Mineral Resource (compliant with the 2012 JORC Code) within the Manono Lithium Project by early Q2 of 2018. The initial program of drilling shall be completed on sections some 200m apart and drill hole sites 50 to 100m apart.
    *The potential quantity and grade of the exploration target as stated, is conceptual in nature as there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

    (Original)
    EXPLORATION TARGET UPGRADE
    Given the continued support from drill intercepts to date and receipt of the final trench results, we have upgraded our exploration target for the entire project to be within the range: 1 Billion to 1.2 Billion tonnes of 1.25% to 1.5% Li2O: including
    300 Million to 400 Million tonnes of 1.25% to 1.5% Li2O for the Roche Dure pegmatite alone.
    The potential quantity and grade of the exploration target as stated, is conceptual in nature as there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
 
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