Running discussion on SP, page-69836

This is all in the half yearly report

Capital Raising / Project Financing
AVZ completed two highly successful, oversubscribed share placements during the period, raising a total of
A$115 million (before costs).
In early July 2021, the Company raised A$40 million (before costs) via the issue of 307,692,308 shares at an
issue price of $0.13 per share while in early December, the Company raised A$75 million (before costs) via the
issue of 150,000,000 shares at an issue price of $0.50 per share.
The share placements were well supported by several Tier 1 North American and Australian institutions along
with global institutions in Europe, Singapore, Malaysia and the Middle East, as well as existing sophisticated
shareholders, including CATH.
Proceeds from the share placements have and will allow AVZ to (i) increase AVZ’s equity in the Manono Project
from 60% to 75%; (ii) undertake an early works program including the upgrade of roads, bridges and progress
camp construction ahead of a decision on the Mining Licence; (iii) progress various technical studies with
respect to LiOH conversion and infrastructure initiatives that further enhance the Project; (iv) negotiate final
project financing requirements from a position of an enhanced balance sheet; and (v) provide necessary
working capital for corporate requirements, including potential next exploration opportunities.
In terms of Project funding, the Company continued working towards the appointment of a “Mandated Lead
Arranger” (MLA) to lead a syndicated debt funding facility for the Manono Project.
Subject to closing the deal with CATH, the majority of project funding will be secured, enabling a Final
Investment Decision (“FID”) to be made. FID will kickstart project construction and ensure Dathcom will have
sufficient equity capital to fund the first 6-8 months of project construction, with Financial Close (“FC”) for debt
financing the balance of the required funding expected in Q2 2022.
*Refer ASX Announcement dated 21 April 2020 “AVZ Delivers Highly Positive Definitive Feasibility Study for Manono Lithium and Tin
Project”
**Refer ASX Announcement dated 27 September 2021 “Cornerstone investor secured for development of Manono Lithium and Tin Project”
and After Reporting Date Events on page 11