Equity in Manono ProjectDuring the period, AVZ increased its...

Equity in Manono Project

During the period, AVZ increased its direct interest in the Manono Project from 60% to 75% by AVZI exercising
the two put options granted by Dathomir Mining Resources SARLU (“Dathomir”); thereby securing Dathomir’s
minority 15% shareholding in Dathcom Mining SA (“Dathcom Mining”) for US$20 million (~A$27 million).
Replacement share certificates in Dathcom Mining have been awarded and registered at the courts in the DRC.

(i) In August 2021, the Company increased its interest in the Manono Project from 60% to 75% by exercising
options to purchase Dathomir’s minority shareholding of 15% equity in Dathcom Mining for US$20 million.
(ii) Impairment due to 50% relinquishment of tenements comprising PR 4029 and PR 4030

Acquisition of a 5% interest in Dathcom Mining SA* on 24 June 2019

Deferred Consideration
Current Liability
Principal 6,661,275 5,796,838
Principal repayments (6,761,325) -
Fair value increase/(decrease) on repayment 535,142 -
Unwinding of interest on discounting (2,738,705) -
Fair value decrease 2,303,613 864,437
Closing balance - 6,661,275
Non-Current Liability
Principal - -
Fair value increase/(decrease) - -
Closing balance - -
Total - 6,661,275

Total Deferred Consideration
Total current liability - 6,661,275
Total non-current liability - -
Total Liability - 6,661,275

*SAS corporation was converted to SA corporation in August 2019.
On 24 June 2019, the Company announced that it had executed a Share Sale Purchase Agreement
(“Agreement”) with Dathomir Mining Resources SARL to purchase 5% equity in Dathcom Mining for a
total consideration of US$5,500,000. Under the Agreement, the first tranche payment of US$500,000
was to be paid within 14 days of execution and the balance of the consideration was to be paid at any
time within 36 months from execution of the Agreement. The first tranche payment of US$500,000 was
paid in July 2019. The balance of US$5 million was paid in August 2021

December 2021. Below....