Ann: Initial mineral characterisation results positive for Manono, page-3

INITIAL MINERAL CHARACTERISATION RESULTS POSITIVE FOR THE MANONO LITHIUM PROJECT

Highlights

• Initial “mineral characterisation” investigations of the Roche Dure Pegmatite completed, providing important information for Resource Estimation and Pre-feasibility Studies.

• Initial results support the potential for high value ore. The mean concentration of Li2O is high and accompanied by a significant presence of tin confirms the potential for lower cost production.

• The distribution of lithium grades follows a Normal Distribution, confirming that the Roche Dure Pegmatite is essentially homogenous.

• The high degree of homogeneity may permit a wider spacing of drill-holes to define a Mineral Resource and thus potentially reduce the lead-time from drilling to Resource Estimation.

• Spodumene confirmed as the lithium mineral species present within the pegmatite.


AVZ’s Executive Chairman, Mr. Eckhof commented “These results are again confirmation that Manono is a world class project, potentially containing a battery grade product with low levels of detrimental elements such as fluorine, iron and phosphorous, that is expected to be highly sought after for battery production. These initial mineral characterisation results are confined to the Roche Dure pegmatite where a recently drill defined 1,800 metres of strike length will be pattern drilled in the near future.”