AVZ Discussion 2022

[Xerof]

more likely if the DRC team make the final is that the Chinese team runs onto the field instead of the DRC team

15% of the team will be illegally on the field and Cong will be holding the bags of oranges for half time

 

[Doc]

News headline received for AVZ. Headline reads: Manono Project Mineral Resource increases 47% to 842Mt - CMC Markets Invest Alert.

 

[Manook]

News headline received for AVZ. Headline reads: Manono Project Mineral Resource increases 47% to 842Mt - CMC Markets Invest Alert.

Yawning

 

[Bray]

Manono Project Mineral Resource increases 47% to
842Mt as Roche Dure tonnages expanded
Highlights
▪ Mineral Resource delineation drilling at Roche Dure adds a further 268 million
tonnes (Mt) to the Manono Lithium and Tin Project (Manono Project).
▪ Mineral Resource update reinforces AVZ’s 75% owned Manono Project, one of
the world’s largest hard rock lithium projects.
▪ Completion of Mineral Resource estimates following on the Early Works 2022
– 2023 53-hole diamond drilling programme for some 15,684.7m, generates
the following:
- A 47% increase in the Manono Project’s (Roche Dure and Carriere de
l’Este) Measured, Indicated and Inferred Mineral Resource tonnage to
842Mt grading 1.61% Li2O, 709ppm Sn and 37ppm Ta containing 13.52Mt
of lithium oxide.
- A 67% increase in the Roche Dure Measured, Indicated and Inferred
Mineral Resource tonnage to 669Mt grading 1.61% Li2O, 690ppm Sn and
33ppm Ta containing 10.79Mt of lithium oxide.
- An 82% increase in the Roche Dure Measured & Indicated Resource to
500Mt at 1.63% Li2O, 755ppm Sn and 34ppm Ta containing 8.14Mt of
lithium oxide and 377kt of tin.
- An increased confidence level, with 75% of the Roche Dure Mineral
Resource now classified as Measured & Indicated.
▪ In addition to Sn, Ta and Li2O, CSA Global estimated Fe2O3, a potentially
deleterious element, at an average of 1.01% Fe2O3 for the Project.
▪ The Manono Project Mineral Resource includes all results from the FY23, 53-
hole Early Works drilling programme added to the recently reported Carrier de
l’Este Mineral Resource estimate1.
▪ The higher confidence tonnages are expected to increase the potential life of
mine as will expected decreasing waste to ore stripping ratios resulting from
the significant flattening of the deposit in the northern 500 metres of the newly
completed geological model.
1 Refer ASX announcement dated 18 December 2023 “

 

[CHB]

"In light of the above, there is a reasonable prospect that a party, including the Company, will be granted a PE in respect of both the Roche Dure and Carriere de l’Este Mineral Resources. If Dathcom is granted a PE in respect of both the Roche Dure and Carriere de l’Este Mineral Resources, further negotiations will then be undertaken with the shareholders of Dathcom in relation to the terms of the mining joint venture. "

 

[JasonM]

what a monster but I guess we all knew that. Suppose it may increase leverage for their discussions and lowers cost to mine with the lower strip ratios but ffs get me out of here, sell the fucker so we can get as far away from the drc as possible. lol

 

[James711]

Interesting read on the resource expansion

How much did Avz Minerals Mineral Resource increase at the Manono Project?

 

[Doc]

From Jens;

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Manono Lithium celebrated a generous donation of $70 million at the Congo River Hotel. This support will go directly to the NGO LE BOUCLIER to boost humanitarian assistance in critical areas in the east and northeast of the Democratic Republic of Congo.

Samuel Roger Kamba, Minister of Public Health, thanked Manono Lithium for its vital contribution to improving local health and building medical facilities. Jean David, president of LE BOUCLIER, stressed that this donation will greatly benefit people in need in these regions.

 

[LOCKY82]

Hang on $70 million dollars!?

 

[LOCKY82]

Fuck these cunts would rather just buy local approval and then fuck them up long term!

 

[Hemicuda]

Manono Project Mineral Resource increases 47% to
842Mt as Roche Dure tonnages expanded
Highlights
▪ Mineral Resource delineation drilling at Roche Dure adds a further 268 million
tonnes (Mt) to the Manono Lithium and Tin Project (Manono Project).
▪ Mineral Resource update reinforces AVZ’s 75% owned Manono Project, one of
the world’s largest hard rock lithium projects.
▪ Completion of Mineral Resource estimates following on the Early Works 2022
– 2023 53-hole diamond drilling programme for some 15,684.7m, generates
the following:
- A 47% increase in the Manono Project’s (Roche Dure and Carriere de
l’Este) Measured, Indicated and Inferred Mineral Resource tonnage to
842Mt grading 1.61% Li2O, 709ppm Sn and 37ppm Ta containing 13.52Mt
of lithium oxide.
- A 67% increase in the Roche Dure Measured, Indicated and Inferred
Mineral Resource tonnage to 669Mt grading 1.61% Li2O, 690ppm Sn and
33ppm Ta containing 10.79Mt of lithium oxide.
- An 82% increase in the Roche Dure Measured & Indicated Resource to
500Mt at 1.63% Li2O, 755ppm Sn and 34ppm Ta containing 8.14Mt of
lithium oxide and 377kt of tin.
- An increased confidence level, with 75% of the Roche Dure Mineral
Resource now classified as Measured & Indicated.
▪ In addition to Sn, Ta and Li2O, CSA Global estimated Fe2O3, a potentially
deleterious element, at an average of 1.01% Fe2O3 for the Project.
▪ The Manono Project Mineral Resource includes all results from the FY23, 53-
hole Early Works drilling programme added to the recently reported Carrier de
l’Este Mineral Resource estimate1.
▪ The higher confidence tonnages are expected to increase the potential life of
mine as will expected decreasing waste to ore stripping ratios resulting from
the significant flattening of the deposit in the northern 500 metres of the newly
completed geological model.
1 Refer ASX announcement dated 18 December 2023 “

 

[Fivez]

From Jens;

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500 million+ members | Manage your professional identity. Build and engage with your professional network. Access knowledge, insights and opportunities.

es.linkedin.com

Manono Lithium celebrated a generous donation of $70 million at the Congo River Hotel. This support will go directly to the NGO LE BOUCLIER to boost humanitarian assistance in critical areas in the east and northeast of the Democratic Republic of Congo.

Samuel Roger Kamba, Minister of Public Health, thanked Manono Lithium for its vital contribution to improving local health and building medical facilities. Jean David, president of LE BOUCLIER, stressed that this donation will greatly benefit people in need in these regions.

Perhaps this is related to this article published Dec 13:

RDC : L'Asbl "Le bouclier" reçoit un don financier de Manono Lithium SAS pour assister les populations en situation difficile

L'association sans but lucratif (ASBL) "Le Bouclier" a reçu un don financier de la société chinoise Manono Lithium SAS, dans le but de contribuer à l'amélioration des conditions vitales des populations en situation difficile, le mercredi 13 décembre 2023 à Kinshasa. "Le bouclier" a mené...

7sur7.cd

(this article does not mention the amount)

which would put this before the non-payment of taxes:

Suspension of Manono Lithium mining activities: a case of unpaid taxes and illegal mining in Tanganyika - Fatshimetrie

The suspension of the mining activities of the Manono Lithium company by the authorities of Tanganyika in the Democratic Republic of Congo was motivated by non-payment of taxes and exploitation without prior authorization. This decision raised questions from civil society about the accusations...

eng.fatshimetrie.org

Happy to be corrected if wrong

 

[j.l]

"In light of the above, there is a reasonable prospect that a party, including the Company, will be granted a PE in respect of both the Roche Dure and Carriere de l’Este Mineral Resources. If Dathcom is granted a PE in respect of both the Roche Dure and Carriere de l’Este Mineral Resources, further negotiations will then be undertaken with the shareholders of Dathcom in relation to the terms of the mining joint venture. "

"a party"

 

[Bray]

a party, any party... don't give a fuck get us out asap

 

[Hodlandwin69]

"a party"

RIP

 

[Cumquat Cap]

Why do they keep saying this? legally covering their ass in case it all goes tits up ?

 

[Cumquat Cap]

OR maybe they need to preface every announcement regarding resource to allow avz to ann given shaky ownership status, just a thought

 

[Roon]

Of course its reasonable to expect 'a party' will at some point get a PE for RD and/or CDL. Seems a bit of a ridiculous statement. It's not going to sit there forever...

 

[RHyNO]

Hey bros and gals I’ve been silent for a bit because Fuck this shit to be honest…

I really want this bullshit to end like most here hey ?

I’d prefer we sell out to those mofos for a decent price and we can all get over this shit..
I get all the legal shit going on so we can achieve what we set out to but ffs it’s painful.

Maybe the thieves would rather bleed us than pay up and get it done is my thinking !!

Is there anyone else wanting to take over the project I wonder

I’ve got a fair bit of cash sitting here like most doing absolutely Fuxk all and I wanna buy some new mowers and a house cunts…

This shit needs to get sorted.

Rant over and thx to all the efforts put in here you legends…

Let’s see what this round of announcements has to say

GLTAH

Yeah hearing our executives on Twitter saying “let’s see if the government respect the ruling”. Gives me absolutely 0 confidence in Nigel and the team being able to execute a mine here. I mean I would love if they did I bought in because I thought they could. But it seems the burning pile of trash that is the DRC government is any indication of this outcome. Let’s sell up and fuck off. These dogs can’t be trusted. Ask Femi Kuti

 

[Azzler]

Of course its reasonable to expect 'a party' will at some point get a PE for RD and/or CDL. Seems a bit of a ridiculous statement. It's not going to sit there forever...

Yes we know Roony, and we've seen this stated on a previous announcement.

It's very strange and curious.
Most likely it is in regards to legal advice.

Can't say something specificaly, so have to say other things so the specificity is less specific than being very or even exactly specific.

That's just an unspecific guess by me though.