Ann: AVZ signs 20,000 metre Diamond and RC Drilling Contract, page-4

25 October 2017

AVZ signs 20,000 metre Diamond and RC Drilling Contract AVZ Minerals (ASX:AVZ) (“AVZ” or “Company”) is pleased to advise that it has entered into an agreement with Equity Drilling Limited (“Equity”) for the completion of an initial 20,000 metres of drilling at the Manono Lithium Project in the DRC.

The contract covers the initial 20,000 metre phase of a planned 40,000 metre drill program to test, define and report mineral resources at the Kitotolo and Manono Sectors of the Manono Lithium project.

The 20,000 metre program using one Multipurpose and 3 diamond drill rigs should take an estimated 3 months to complete. Drilling is planned to commence in December, and will initially target the Roche Dure pegmatite, Kitotolo Sector, where recent drilling returned the following results: MO17DD001 reported between 24.5m – 263.9m, an intercept of 235.03m* @ 1.66% Li2O and 1001ppm Sn (Press release dated 12 September 2017) MO17DD002 reported between 65.5 - 268.3m, an intercept of 202.8m* @ 1.57% Li2O and 1078ppm Sn (Press release dated 28 July 2017)