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PASBOZ

5,890 Posts.

1869

26/09/22

21:43

Post #: 63888751
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Originally posted by PASBOZ ↑

Hopefully, AVZ / Momentum Lawyers and CAMI have agreed on the surface rights to be paid ?
Also the Director General of CAMI has to sign off on it.
IF he can be located in the DRC and has not retired in some remote island.
Zijin are toast a matter of closing the case.
ALL IMO

The Democratic Republic of Congo (DRC) Council of Ministers is expected to meet to provide wide ranging support for all outstanding permitting and licensing requirements for the Manono Project.

AVZ Minerals Ltd (ASX:AVZ) welcomes the DRC Minister of Mines issuing a Ministerial Decree to award the Permit d’Exploitation (Mining Licence) for the flagship Manono Lithium and Tin Project.
The Minister issued the decree to award the PE to Dathcom Mining SA, in which AVZ holds a 75% interest via its wholly-owned subsidiary AVZ International Pty Ltd (AVZI).
Licence to be officially awarded by government arm

The 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 licence will cover the entirety of the Roche Dure JORC mineral resource (401 million tonnes at 1.65% lithium oxide) and the Carriere de l’Este exploration target.
An area excluded under the decree will be renewed under a five-year exploration licence to Dathcom, with discussions regarding the terms of the ongoing joint venture under discussion with the DRC Government.

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https://copperbeltkatangamining.com...l-of-the-mining-cadastre-for-insubordination/

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

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