AVZ Discussion 2022

[Bin59]

Tailings Exploitation Permit by Minocom. Nothing new.

Oh very good - thanks

 

[Remark]

Today's comedic relief - gorilla (AVZ holders), chimp (New HC account downramping trolls)....

 

[investinvest]

Good point. AVZ officially increased their holding of Dathcom to 75% after the balance of the payment was made to Dathomir in 2021 for the purchase of 15%, not prior. So Zijin can't have been legally transferred the 15% from Cominiere if they still have not paid the balance of the under table deal. Contradicted themselves in the same paragraph.

 

[Sammy_da_Smile]

Lol, didn't we do like the same?

Pay a deposit, with the rest to be settled in 12 months

So technically, if the illegal Zijin agreement was similar, if Zijin don't pay the final amount owed, they will lose it.

Can you imagine if Zijin lose their deposit cause they never actually acquired anything and therefore cannot complete the transaction

 

[Charbella]

Another article from mining week

Lithium : les ambitions d’AVZ Minerals pour les 400 millions de tonnes du gisement de Manono

Le géant minier australien compte lancer ses activités d’extraction de lithium à Manono, dans la province du Tanganyika à l’est de la RDC. Un arrêté ministériel a officiellement autorité l’octroi du permis d’exploitation à AVZ. Lors

bit.ly

 

[DiscoDanNZ]

View attachment 8814

Lol, didn't we do like the same?

View attachment 8815
Pay a deposit, with the rest to be settled in 12 months

So technically, if the illegal Zijin agreement was similar, if Zijin don't pay the final amount owed, they will lose it.

Can you imagine if Zijin lose their deposit cause they never actually acquired anything and therefore cannot complete the transaction

Imagine the poor intern that has to go to the local 7-11 for the 5m refund on Maltesers and Gatorade's if the deal doesn't go through and they have to return the deposit to Zijin

 

[CHB]

Another article from mining week

Lithium : les ambitions d’AVZ Minerals pour les 400 millions de tonnes du gisement de Manono

Le géant minier australien compte lancer ses activités d’extraction de lithium à Manono, dans la province du Tanganyika à l’est de la RDC. Un arrêté ministériel a officiellement autorité l’octroi du permis d’exploitation à AVZ. Lors

bit.ly

Good ole serge

Putting the pressure on the DRC gov, love it.

Can't wait for them to get off their ass

 

[wombat74]

Another article from mining week

Lithium : les ambitions d’AVZ Minerals pour les 400 millions de tonnes du gisement de Manono

Le géant minier australien compte lancer ses activités d’extraction de lithium à Manono, dans la province du Tanganyika à l’est de la RDC. Un arrêté ministériel a officiellement autorité l’octroi du permis d’exploitation à AVZ. Lors

bit.ly

" the Australian mining giant AVZ Minerals"

Has a nice ring to it.

 

[TDITD]

A Beauty of a quote from Serge in the Mining Week article :

'The ministerial order was signed for the granting of the operating permit," said Serge Ndandu, director of Corporate Affaries at AVZ. We are just waiting for the formalization to start the execution of the work. Every day of delay causes us a loss of between $1 million in revenue and $300,000 in tax for the country'

 

[CHB]

A Beauty of a quote from Serge in the Mining Week article :

'The ministerial order was signed for the granting of the operating permit," said Serge Ndandu, director of Corporate Affaries at AVZ. We are just waiting for the formalization to start the execution of the work. Every day of delay causes us a loss of between $1 million in revenue and $300,000 in tax for the country'

Yeah thought it was brilliant.

This government is all talk no action unfortunately.

 

[Birdman7]

AVZ Minerals' ambitions for the 400 million tonnes of the Manono deposit

The Australian mining giant intends to launch its lithium extraction activities in Manono, in the province of Tanganyika in the east of the DRC.

A ministerial decree officially authorizes the granting of the operating permit to AVZ.

During DRC Mining Week, which took place in Lubumbashi from June 1 to 3, an executive from the Australian mining giant AVZ Minerals, unveiled the ambitions of the project around the Manono lithium deposit, of which AVZ holds 75% shares in Manono Project in partnership with Congolaise d'Exploitation Minière SA (Cominiere, a public company), 25%.

At the time of the race towards electric cars, the company which has been prospecting on the spot for a few years saw its ambitions limited following the retention of the operating permit by the Congolese authorities.

"The ministerial decree has been signed for the granting of the operating permit," said Serge Ndandu, director of Corporate Affairs at AVZ.

We are just waiting for the formalization to start the execution of the work.

Each day of delay causes us a loss between 1 million dollars of revenue and 300,000 dollars of tax for the country.

Aware of the lithium potential of the DRC, the Congolese authorities had, in November 2021, organized the DRC-Africa Business Forum to promote the development of the electric battery and energy storage sub-sectors in the DRC.

The Australian company claims that it “is committed to developing a value chain” while announcing that it has “joined the new DRC Battery Council headed by President Félix Tshisekedi.

The key figures of a promising deposit

According to AVZ figures, after a feasibility study commissioned by the company, the lithium reserves of the Manono deposit are estimated at 132 million tonnes with 1.6% Lithia (lithium oxide content).

"These reserves represent 30 years of exploitation and we have resources at the level of 400 million tons with 65% of Lithia" added Serge Ndandu, during the panel on the challenges of the DRC in the era of a mining industry. smart.

According to AVZ's feasibility study, dated April 2020, the mining operation will allow a supply at a level of 4.5 million tonnes per year to its lithium processing plant.

AVZ expects its conversion plant to be supplied at a level of 150,000 tons of concentrate produced by its processing plant. “For the production unit, we expect to reach around 600,000 tonnes of concentrates and 46,000 tonnes of lithium sulphate which will come from the conversion plant.

In comparison to reserves, Greenbushes, the largest lithium mine in the world located in Australia, contains a total of 132 million tons of lithium ore, far from the 400 million of Manono Project.

“In terms of capex, we are going in three phases: the expenditures go up to nearly $600 million and this concerns the processing mine and the conversion plant, the development of infrastructure and hydroelectric energy and the water,” said Mr. Ndandu.

For the second phase of its project, AVZ Minerals hopes to reach a cumulative capex reaching 800 million and 1.3 billion for its third phase.

These last two stages of Manono Project will be the most demanding for the consumption of electrical energy.

Ecology and market in sight

According to the latest estimates, published in particular in Financial Time, companies building electric cars are facing a shortage of raw materials, including lithium. Lithium needs are critical, according to the International Energy Agency (IEA) in its annual report.

The demand for lithium, cobalt and graphite is expected to increase sixfold by 2030, to 500 kilotonnes, requiring the opening of 50 new mines worldwide.

The DRC, Australia and Chile are the leading countries for these raw materials in the world.

“For the Manono deposit, in terms of quality, it has remarkable scalability.

We can increase production according to demand, welcomed Serge Ndandu, Manono has the lowest carbon footprints of all lithium mines in the world.


View attachment 8816

Thanks for the positive post /article Frank. Nice to see a bit of “go forward” from Serge and AVZ.

 

[Rediah]

Not sure posted or noticed (here) before from the AVZ website, but the message is clear from them about the 75%

 

[Sammy_da_Smile]

Not sure posted or noticed before on the AVZ website, but the message is clear from them about the 75%

View attachment 8834

Looks to be a recent update on the website?

 

[DiscoDanNZ]

No date on the page that I can see other than C 2017 at the bottom but that's irrelevant. I'm thinking its a new update though

 

[Remark]

I noticed that the DRC Cadastre Map Portal (CAMI) has been updated on the 7th June & the 8th of June and now states that the map will updated at the end of every business day rather than on "an ad-hoc" basis.

No changes to DATHCOM or AVZ yet but interesting none the less.

DRC Mining Cadastre Map Portal - Spatial Dimension Landfolio

drclicences.cami.cd

 

[Tursty]

Looks to be a recent update on the website?

Long time reader of everyone's super valuable posts and finally found something I can contribute. Inspecting the HTML of that webpage the last update on that section seems to be.

Fri Sep 24 2021 07:38:17 GMT+0000

Not 100% sure if that's when it was added, but that's the last time is was updated.

 

[Rediah]

Long time reader of everyone's super valuable posts and finally found something I can contribute. Inspecting the HTML of that webpage the last update on that section seems to be.

Fri Sep 24 2021 07:38:17 GMT+0000

Not 100% sure if that's when it was added, but that's the last time is was updated.

Header says 6th of June 2022 for that page

 

[Tursty]

Header says 6th of June 2022 for that page

View attachment 8845

Thats just the last time something on the page was updated.

The "Manono Project (AVZ 75%) part and the highlights looks to have an update date of the Sep 2021.

Snapshot of the site from Oct 19th 21 below seems to confirm that info's at least that old:

Manono Project — AVZ Minerals Limited

Projects Manono Project

web.archive.org

The Aug snapshot says 60%:

Manono Project — AVZ Minerals Limited

Projects Manono Project

web.archive.org

The point of my post was just to call out that this is not a new page. Its been there a while.

 

[Rediah]

Thats just the last time something on the page was updated.

The "Manono Project (AVZ 75%) part and the highlights looks to have an update date of the Sep 2021.

Snapshot of the site from Oct 19th 21 below seems to confirm that info's at least that old:

Manono Project — AVZ Minerals Limited

Projects Manono Project

web.archive.org

The Aug snapshot says 60%:

Manono Project — AVZ Minerals Limited

Projects Manono Project

web.archive.org

The point of my post was just to call out that this is not a new page. Its been there a while.

Yes you are right
60% + 15% (from Cominiere) = 75% ?

I have copied the whole website so that I can see if anything gets deleted in future and why.

 

[Xerof]

DATHOMIR, not COMINIERE

Yes you are right
60% + 15% (from Cominiere) = 75% ?

I have copied the whole website so that I can see if anything gets deleted in future and why.

When we buy COMINIERE share 15% for 8% of AVZ shares, some cash for snacks, (kidding) and 10% free carry in upstream processing, we will be 90%, then, and only then IMO, do we allow CATH in the front door