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Company News
AVZ Minerals receives ministerial decree for Manono project ahead of mining licence
AVZ Minerals (ASX: AVZ) has been issued with a ministerial decree by the Democratic Republic of Congo for the Manono lithium and tin project. The decree was issued to Dathcom Mining SA, in which AVZ holds a 75% interest via its wholly-owned subsidiary AVZ International, and precedes the award of a mining licence. It covers […]
Soaring lithium prices have electric vehicle makers circling resource explorers
As lithium and other critical mineral prices continue to sky-rocket, electric vehicle-giant Tesla may resort to mining its own supply, while it and other manufacturers lock-in offtake with aspiring miners. Lithium is essential to electric vehicles and other renewable energies and its price has rapidly risen from US$17,000 per tonne in 2021 to more than […]
AVZ Minerals completes US$240m cornerstone investment for Manono lithium-tin project
Advanced explorer AVZ Minerals (ASX: AVZ) has reached an agreement with Chinese private entity Suzhou CATH Energy Technologies on the completion of a cornerstone US$240 million (A$335 million) investment into the Manono lithium-tin project in the Democratic Republic of Congo. The companies have agreed to waive conditions precedent including granting of a project mining licence […]
AVZ Minerals keeps momentum going at Manono with $25m drilling, early works spend
Emerging producer AVZ Minerals (ASX: AVZ) has committed $25 million to continue advancing its Manono lithium and tin project in the Democratic Republic of Congo, while it awaits the issue of its mining licence. The money is set to come from the company’s recent $75 million capital raising and will fund early development works and […]
AVZ Minerals raises $75m for Manono lithium-tin project, ‘significantly oversubscribed’
Early site works at its African lithium-tin project will now go ahead after AVZ Minerals (ASX: AVZ) raised $75 million from global institutions and a private Chinese investment company. The company says the proceeds of the raising will allow early site works to begin while it waits the awarding of a mining licence from the […]
AVZ Minerals joins new DRC Battery Council to underpin country’s sustainable battery minerals chain
Advanced lithium explorer AVZ Minerals (ASX: AVZ) will join the new Democratic Republic of Africa Battery Council as part of its strategy to be a critical part of the country’s sustainable battery minerals chain for the global electrical vehicle sector. The DRC Government recently hosted the DRC-Africa Business Forum to promote development of battery, EV […]
AVZ Minerals meets major project milestones for Manono lithium-tin development
Development continues to move along at AVZ Minerals’ (ASX: AVZ) high-grade Manono lithium-tin project in the Democratic Republic of Congo (DRC), with major project milestones being completed during the September quarter. Last month, the company entered into a deal with Suzhou Cath Energy Technologies (or CATH) to fund the majority of Manono’s capital costs. The […]
AVZ Minerals secures cornerstone investor to develop Manono lithium-tin project
AVZ Minerals (ASX: AVZ) has announced a cornerstone investment from Chinese private entity Suzhou CATH Energy Technologies (CATH) which is expected to advance development of its Manono lithium-tin project in the Democratic Republic of Congo (DRC). Under a transaction implementation agreement signed with AVZ’s wholly-owned subsidiary AVZ International (AVZI), CATH will earn a 24% stake […]
AVZ Minerals receives environmental approval for Manono lithium-tin project
AVZ Minerals (ASX: AVZ) is another step closer to receiving a mining licence for its flagship Manono lithium-tin project from the Democratic Republic of Congo (DRC) government following the approval of its environmental and social impact assessment (ESIA). The final written ESIA was signed off by the Direction de Protection de l’Environement Minier (DPEM), the […]
AVZ Minerals identifies spodumene-rich zones from new drillholes at Manono lithium-tin project
Wide-spaced resource drilling at the Carriere de l’Este pegmatite deposit within AVZ Minerals’ (ASX: AVZ) Manono lithium-tin project in the Democratic Republic of Congo has confirmed high-grade mineralisation directly beneath thin soil and laterite cover. Assay results from four new “step-out” holes located on section lines along strike from initial drilling in 2017 have identified additional high-grade […]
