Potential Li Resource Second to None - Revised

Tough crowd this morning, but this horse has not entered the straight yet and still happy to be on board. Especially looking forward to the assay results from 001, 007 and the Manono Sector trenches. Some updated notes below for what they are worth. A peace of mind for me and Food for thought again.

If you sold out this morning, get back on board as these results alone “support the exploration target of between 400 and 800Mt of 1% to 1.5% Li2O at the Kitololo Sector alone”.

Yes, the above conceptual target is without additional resources that “are also to be expected to be defined within the northern Manono Sector”.

So looking forward to the assay results from the monster from Manono MO17DD001 (351m EOH depth) … Bye …


AVZ Minerals Ltd: SP: 135c (22 Aug 2017) FPS: 1,660M Options 300M MCap: ~$225M Cash: ~$13M.

Project: Manono Lithium Project, Congo (60%)
Conceptual exploration target 400 – 800Mt @ 1.0 – 1.5% Li2O
EV at lower end of conceptual model, 400Mt @ 1.25% Li2O for 5Mt contained Li2O
5Mt x $315t x 60% = $945M or 64c per share potential within March 2018 qtr.

PLS value per resource Li2O tonne (~1.95Mt contained Li2O) = ~$315t
PLS SG’s: oxide 2.53 g/cm3, transition/fresh 2.72 g/cm3

Kitololo Sector

Roche Dure Pegmatite (length ~2.75km) - Kitololo Pit drilling
“is evidently as large or larger than the famous Greenbushes Pegmatite in WA where current resources are stated as 240Mt of 2.4% Li2O”.

“Observations of outcrop suggest that the main Li mineral in the large pegmatites is spodumene (up to 30% of the rock volume)”.

MO17DD001 (311m EOH depth), 400m along strike SE of 001, collar located immediately west of trench 5, 197m @ 0.56% Li2O (“weathered Peg”) inc 38m @ 1.29% & 29m @ 1.54% Li2O (“relatively unweathered Peg”). Poss width 220m of Li mineralization, assays pending. Oresome.

MO17DD002 203m @ 1.57% Li20 1078ppm Sn from 65m. Drill hole located 400m along strike NE of 001. Open at depth.

Potn Res based on 001-002 only: 1200m (s) x 200m (w) x 300 (d) x 2.7 (sg, fresh) = >194Mt @ >1.25% Li2O +

MO17DD004 Two pegmatites intersected down hole, both open at depth. Drill hole located 800m along strike NE of 002.
43m @ 0.07% Li2O from 0m, intersection entirely within the weathered leached portion of the Roche Dure pegmatite. However, the drill hole established that likely true mineralized fresh down dip width will be 78m at this location.
30m @ 0.73% Li20 from 107m, intersection beneath the above Roche Dure pegmatite and unnamed to date.

MO17DD003 Two pegmatites intersected down hole, both open at depth and along strike. Drill hole located 1.75km and 800m along strike NE of 002 and 004 respectively, nil trenches, eastern end of Roche Dure pegmatite.
18m @ 0.15% Li2O from 56m, intersection entirely within the weathered leached portion of the Roche Dure pegmatite.
51m @ 0.74% Li20 from 159m, intersection beneath the Roche Dure pegmatite and unnamed to date.


Kyoni Pegmatite (length ~0.3km)
Nil trenches, nil DD holes

M’Pete Pegmatite (length ~1.0km)
MO17DD005 45m @ 1.59% Li20 from 72m, open at depth and along strike. The Mpete pegmatite is the main pegmatite mined from the Mpete open pit. Trench 6 to 7, results pending.

Tempete Pegmatite (length ~1.5km)
MO17DD006 65m @ 1.51% Li20 from 166m, open at depth and along strike. The Tempete pegmatite is the main pegmatite mined from the Tempete open pit. Trench 8 to 9, results pending. MO17DD006 is located ~1km NE of T9.


Manono Sector

Carriere de L’este Pegmatite (length ~5.5Km)
Trench 10 to 12, results pending, inc MO17DD007 (351m EOH depth) located ~1.2km SE of T11-12. Interesting EOH depth, similar down hole mineralization to 001-002? Oresome plus.

“is evidently as large or larger than the famous Greenbushes Pegmatite in WA where current resources are stated as 240Mt of 2.4% Li2O”.

“Observations of outcrop suggest that the main Li mineral in the large pegmatites is spodumeme (up to 30% of the rock volume)”.

Malata Pegmatite (length ~1.25km)
Trench 13 to 18, inc Trench 14 26m @ 0.54% Li2O (weathered Peg). Nil DD holes.
“The Malata Pegmatite contains, in addition to spodumene, some lepidolite”.

Kahungwe Pegmatite(length ~2km)
Trench 19 to 21, results pending. Nil DD holes.
“There is at least one small pegmatite exposed in the Kahungwe West pit (northern end of Manono sector) that is a lepidolite pegmatite”.