Freehold:
Right now AVZ has legally 75% of the project where 24% will be going in a JV with CATH to develop the project. Then we have 51% with an option to buy a further 15% to make 66%.
As I have stated many times before whether its 51% or 66%:
(From yesterday's announcement, I quote: 'AVZI is in advanced discussions with the DRC Government regarding the purchase of Cominiere’s remaining 15% interest in Dathcom exercising AVZI’s rights under terms of the existing Dathcom Shareholder Agreement)
it's 51% or 66% of the biggest high grade lithium deposit in the world with a 1.5 billion tonne exploration target that Managing Director Nigel Ferguson says can be achieved easily. There would be a lot of companies who would dream of 5% of what we have got!The BFS will be mind boggling!with already a 10 Mtpa planned(2 times greater than PLS's two plants combined) and an exploration target that would support a 40 Mtpa.
High-level independent metallurgical test verification of Manono'slower iron, fluorine and phosphorous levels - and projected significantly lower open pit stripping rates - underline the incredible latent value in the DRC project.
"We think this project is completely different to every other project out there because it is so large - we're not talking about 10m-wide zones, it's 200m,"says Ferguson.
"But it's not just about being the biggest in the pack, it's very much about that scale translating into value, which comes back to quality.
"It's the nature of the beast at Manono, with such a big, wide [pegmatite] body; it's cooled slowly, so we've got large crystals and a cleaner pegmatite.We've literally got, one side to the other, a single zone, and the wall rocks are black,and the pegmatite is white … so we can just strip it down either side and not worry too much about dilution. It's pretty much 1.65% all the way through!
"SCT, which has designed about 85% of all the hydroxide plants in the world, have said they've never seen such a clean product- just really high grade and no detrimentals of any issue whatsoever. We have low fluorine, very low phosphorous, the iron is down to 0.4% in the product … and we'll probably get that down further with more tweaking. There is 2-4% mica in the body itself, but once it's processed it's down to … less than 1.5% mica, and we'll get that down further too."
The other big news from the announcement was that, I quote:
The Mining Licence to be issued, will cover the entirety of the Roche Dure JORC Mineral Resource (401million tonnes at Li20 1.65%) and the Carriere de l’Este exploration target.
Licence to dig up 2 monsters! Win! Win! for AVZ
Roche Dure Pegmatite:
Carriere de l'Este:
AIMO
