Activities Report for the Quarter ending 31 December 2022 - Highlights
• AVZ’s securities remained in Voluntary Suspension during the December Quarter pending the finalisation of its mining and
exploration rights for the Manono Lithium and Tin Project (“Manono Project” and continued its high level discussions with the DRC
Government with respect to the award of the mining licence and permits required for the Manono Project
• AVZ confirmed and continued to defend its legal rights to a 75% interest in Dathcom Mining SA (“Dathcom”, the entity which the
Manono Project is held, and its pre-emptive rights over 15% of Cominiere’s 25% interest in the Manono Project, which is the subject
of arbitration proceedings before the International Chamber of Commerce in Paris (ICC) instigated by Jin Cheng Mining Company
Limited (Jin Cheng), a subsidiary of Zijin Mining Group Company Limited (Zijin)
• AVZ filed ICC arbitration action against Dathomir Mining Resources SARL (“Dathomir” with respect to affirming a 15% interest it
purchased under the validly executed and completed sale and purchase agreements with Dathomir
• The DRC General Inspectorate of Finance released its report (“IGF Report") on the mis-management of mining assets in the DRC by La
Congolaise d’Exploitation Miniere (“Cominiere”
• The completion date for the Transaction Implementation Agreement with Suzhou CATH Energy Technologies (“CATH” extended by
mutual agreement to 28 February 2023
• The Annual General Meeting of shareholders was held during November which passed all resolutions without amendment by poll
• The Roche Dure extension drilling program continued with widespread, high-grade spodumene lithium mineralisation observed
• Construction works at Camp Colline and procurement of early works equipment continued throughout the period
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- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2
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