AVZ Minerals Limited (ASX:AVZ)
Nigel Ferguson
MD
Market Cap (AUD): 1.13B
Sector: Materials
Last Trade (AUD):
0.35 +0 (+0%)
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1. About
AVZ Minerals Limited (ASX:AVZ) is a mineral exploration company focused on developing the Manono Lithium and Tin Project located in the south of the Democratic Republic of Congo (DRC) in central Africa. AVZ has a 60 per cent interest in the Manono Project.
The Manono Project is one of the world’s largest lithium-rich LCT (lithium, caesium, tantalum) pegmatite deposits. The Manono pegmatites extend for a strike length of at least 13km and are more than 240m thick in places. The Project covers the historic Manono Mine, a pegmatite deposit mined for its tin content from 1919 to 1982.
AVZ also holds a 100 per cent interest in the Manono Extension Project which surrounds the Manono Project.