Ministerial Decree to Award the Mining Licence Manono Lithium...

Ministerial Decree to Award the Mining Licence
Manono Lithium and Tin Project
Highlights:
• DRC Minister of Mines has signed the ministerial decree to award
the Mining Licence for the Manono Lithium and Tin Project to
Dathcom Mining SA (Dathcom)
1
• DRC Mining Code requires the Cadastre Minier (CAMI), operating
under the supervision of the Minister of Mines, to calculate the
surface rights fee and officially award the Mining Licence following
the receipt of payment
• The Ministerial Decree to award the Mining Licence covers the
entirety of the Roche Dure JORC Mineral Resource and Reserve2&3
and the Carriere de l’Este exploration target4
• An area which was excluded under the Ministerial Decree to award
the Mining Licence, will be renewed under a 5-year Exploration
Licence to Dathcom, with discussions regarding the terms of the
ongoing joint venture under discussion with the DRC Government
• The transaction with CATH is progressing well with closure
formalities expected to be finalised this month, providing CATH an
indirect 24% interest in the Manono Project, whilst AVZ retains a
majority stake of 51%
• DRC Council of Ministers expected to meet to provide wide ranging
support for all outstanding permitting and licencing requirements
for the Manono Project