_____________________________________________________ASX...

_____________________________________________________
ASX ANNOUNCEMENT
20 October 2021

Permis d’Exploitation (“Mining Licence”) progressing well
As previously announced, all documents in relation to the Mining Licence were
submitted to the relevant authorities within the DRC government in May 2021.
The process for the award of the Mining Licence is focused around four key
elements:
I. Environmental approvals;
II. Proof of financial capability;
III. Favourable cadastral opinion; and
IV. Favourable technical opinion.
AVZ is pleased to advise that it has received favourable outcomes for points I –
III, with positive feedback received from the Department of Mines in relation to
the final point concerning the technical opinion on the DFS. Following the
expected receipt of the favourable technical opinion, the Minister of Mines has 30 days to then
award the Mining Licence.
A meeting of Council of Ministers is expected to be held shortly to deliberate on the award of the
Mpiana Mwanga HEPP Agreement and Prime Ministerial Decree for the Collaboration
Development Agreement.
______________________________

I got a feeling that there will be no ML prior to forum on 8-9 Nov and instead we will have a very nervous end of November. Prefer to be wrong.