AVZ Discussion 2022

[Frank]

*Fyi, To add,

DRC Mining in Lubumbashi: MMG demonstrated its capabilities with nearly $20 million already invested in local communities​

The mining company Kinsevere (MMG) actively participated in the 17th edition of DRC Mining which ended on Friday in Lubumbashi, capital of the province of Haut-Katanga.

This mining giant took the opportunity to welcome the resumption of these meetings which, for the general manager of MMG, constitutes a boon for the miners, the suppliers as well as the Congolese government.

“DRC Mining remains among the biggest events concerning the mining sector in Congo. This event brings together mining operators, service providers, the government and any other agency interested in mining. For us, after being two years without these meetings, it was a plus to come back on the scene and to see our various partners again”, explained, Michel Santos, manager of Kinsevere.

Kinsevere is a copper mine located in the province of Haut-Katanga, about 30 kilometers from Lubumbashi in the south-east of the DRC.


www.drcminingweek.com/meet-speakers

DRC Mining week 1-3 June 2022.

AVZ is one of the speakers along with Minister of Mines. Zijin is no where....

Proves AVZ still enjoying good relation with DRC government, its just the matter of time to sort this mess.

Good luck holders.

Burn all shorters.

https://www.drcminingweek.com/

BlueSky0301​

 

[Sammy_da_Smile]

*Fyi, To add,

DRC Mining in Lubumbashi: MMG demonstrated its capabilities with nearly $20 million already invested in local communities​

The mining company Kinsevere (MMG) actively participated in the 17th edition of DRC Mining which ended on Friday in Lubumbashi, capital of the province of Haut-Katanga.

This mining giant took the opportunity to welcome the resumption of these meetings which, for the general manager of MMG, constitutes a boon for the miners, the suppliers as well as the Congolese government.

“DRC Mining remains among the biggest events concerning the mining sector in Congo. This event brings together mining operators, service providers, the government and any other agency interested in mining. For us, after being two years without these meetings, it was a plus to come back on the scene and to see our various partners again”, explained, Michel Santos, manager of Kinsevere.

Kinsevere is a copper mine located in the province of Haut-Katanga, about 30 kilometers from Lubumbashi in the south-east of the DRC.


www.drcminingweek.com/meet-speakers


View attachment 8754

DRC Mining week 1-3 June 2022. AVZ is one of the speakers along with Minister of Mines. Zijin is no where....

Proves AVZ still enjoying good relation with DRC government, its just the matter of time to sort this mess.

Good luck holders.

Burn all shorters.

https://www.drcminingweek.com/

BlueSky0301​

Awesome Frank! Hopefully we see a video come out (and stay out)

 

[aanti.dumb]

Did anyone hear what was said @1:26? "In May the nations minister of mines awarded a mining license to Dathcom mining SA" Isnt that new information? @1:51 "with the mining licence granted" Last i heard we were still waiting on the ML to be issued? Did i miss an ML announcement? Or is this vid jumping the gun?

 

[Bin59]

Just noticed that CAMi was updated on 7 June

DRC Mining Cadastre Map Portal - Spatial Dimension Landfolio

drclicences.cami.cd

 

[Rambo]

 

[Bin59]

No changes for Dathcom / AVZ

 

[thegh0stwithin]

A shame it is an Australian accent of a rather young looking woman presenting this, because it the claims in it are filled filled filled with holes and would be scaremongering I would expect out of something like the Bloatmans Hotcrapper.

I have posted a few choice comments on there to hopefully shed light on any innocent eyes watching it thinking AVZ is some dishonest bunch of disorganised bandits.

 

[Rambo]

here is the tweet in English. It would be great to see direct support for IGF from Felix.

 

[thegh0stwithin]

Is there a way to trade shares off market while in suspension?
Are you serious? Because I might be interested in selling a small parcel.

I have PM'd you as to not bother other posters here.

 

[Bin59]

Just noticed this - is this new?

Was it always there and what does it mean for us?

 

[investinvest]

Just noticed this - is this new?

View attachment 8766

Was it always there and what does it mean for us?

View attachment 8767

Tailings Exploitation Permit by Minocom. Nothing new.

 

[Bin59]

Does it just mean they can’t mine that site?

 

[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)....

 

[Frank]

Electric vehicle outlook​

Last week, my team at BloombergNEF published our big annual Electric Vehicle Outlook.

The report looks at how all the different segments of road transport could evolve over the coming decades and maps out the impact on oil markets, electricity demand, batteries, metals and materials, charging infrastructure and emissions.

There’s a lot of different angles within a big report like this.

Here’s what I’d highlight among the many interesting storylines:

Combustion vehicle sales have peaked and are now in terminal decline.

Automotive sales are still recovering from the combination of Covid-19, semiconductor shortages and a host of other factors.

The overall market should pick up in the next few years, but EV sales are rising fast enough now to keep combustion vehicles from returning to their previous peak.

By 2025, BNEF estimates sales of internal combustion passenger vehicles will be 19% below their 2017 peak.

While the transition still isn’t happening fast enough for road transport to reach net zero by 2050, this is still a remarkable development after over 100 years of growth for the internal combustion engine.

My colleague Nat Bullard wrote more about this here.

Electrification has now spread to all segments of road transport.

There are fascinating e-mobility case studies in both wealthy and emerging economies.

China, for example, has 685,000 electric buses on the road and 195 million electric two-wheelers.

In South Korea, 17% of light commercial vehicles sales were electric last year.

In India, almost 40% of the three-wheeler fleet is already electric.

Each country has a very different mix of mobility needs, and very different starting points in their vehicle fleet.

But if something moves and it travels on a road, somebody is now working on trying to electrify it.

There will likely be more surprising successful case studies in the years ahead.

The battle between hydrogen fuel cells and batteries in heavy trucks is heating up.

Or is it?

Ten years ago, there were lively debates over whether batteries or fuel cells would power the next generation of passenger cars.

That’s largely been settled now, with about 20 million passenger EVs on the road and fewer than 50,000 fuel cell ones.

Even Toyota, an ardent supporter of hydrogen, has been coming up well short of its relatively modest target to sell 30,000 fuel cell vehicles annually by now, moving just 5,930 of them in 2021.

The discussion has now shifted to heavy trucks, where fuel cells could still play a role. But the data there suggests a similar outcome may be in the cards.

A global tally in this year’s outlook report found 68 electric heavy trucks available today and just two fuel cell models.

It’s still early days, and decarbonizing long-haul trucking will be particularly difficult. But there are plenty of miles driven by heavy trucks in shorter duty cycles, or on routes where volume, not weight, is the limiting factor.

There’s also ongoing work to further “truckify” lithium-ion batteries, fine-tuning their chemistry to reflect truck usage cycles instead of just using the same cells put into passenger cars.

Many fleet operators are eager to make the switch soon, so having real models on the market now is a major advantage.

Expected cobalt demand from EVs is dropping.

The story of cobalt in EV batteries is fascinating. Most of the high-density lithium-ion batteries going in EVs are in the nickel manganese cobalt family, or NMC, with different numbers denoting different ratios of these three ingredients in the cathode (for example, NMC 622 or NMC 811).

Demand for cobalt looked ready to rocket a few years ago — this appeared to be the preferred chemistry as EVs scaled up.

Cobalt demand is still set to rise, but by much less than previously expected.

High cobalt prices and supply chain concerns accelerated the switch to different chemistries, including lithium iron phosphate, or LFP, which uses no cobalt or nickel.

BNEF now expects LFP batteries to account for 42% of all EV battery demand next year.

www.mining.com/category/battery-metals/

* IN SHORT

With a Mineral Resource of 400 Million Tonnes
Manono is the Largest Deposit of it's kind in the World,
and Construction Start-Up to Develop this Mine is

Imminent

Mining Review Africa 3 2022

No Description Available

clarioneventsmedia.com

There it is Folks, In Black & White, Construction Start-Up to Develop this Mine is Imminent

Food for thought ( Hops = Beer ) on the Road to Mining Manono

Frank

 

[Frank]

View attachment 8754

DRC Mining week 1-3 June 2022.

AVZ is one of the speakers along with Minister of Mines. Zijin is no where....

Proves AVZ still enjoying good relation with DRC government, its just the matter of time to sort this mess.

Good luck holders.

Burn all shorters.

https://www.drcminingweek.com/

BlueSky0301​

*Found this article on DRC Mining Week site,

To remind,

AVZ NAILS 279M LITHIUM HIT IN DRC​

AVZ Minerals is set to expand its lithium resource at its Manono project in the DRC with drilling below the current pit floor delivering an incredible 279.2 metre intercept grading 1.45 per cent lithium oxide from only 24.06m down-hole.

With lithium companies currently enjoying a resurgence, AVZ continues to show that it may well have the biggest and best undeveloped lithium deposit in the world today.

Curiously, the recent 279m drill hole that also delivered 1,035 parts per million tin was drilled in a zone previously considered to be “waste rock”.

The company’s infill and extensional drilling forms part of its ongoing development program at Manano as AVZ races toward production.

The recent drill program consisted of four diamond holes across the floor of the previously inaccessible Roche Dure open pit, which was historically mined for its rich endowment of tin mineralisation.

All four diamond holes returned high-grade intersections of lithium mineralisation in a zone which is catagorised as waste rock in the current resource models. Other impressive intersections include 138.20m at 1.59 per cent lithium oxide from just 8.15m, 32.19m at 1.33 per cent lithium oxide from 9.00m, 28.30m at 1.17 per cent lithium oxide from 2.70m.

The 279m intercept also played host to a higher grade 203m core going 1.59 per cent lithium oxide from surface.

The delineation of broad zones of lithium mineralisation directly below the existing pit floor demonstrates that the Roche Dure body extends to surface, with the increased tonnage of lithium mineralisation likely to have a dramatic impact on the economics of the developing operation.

The sheer scale of the recently delineated ore positions may even deliver a raft of benefits including an increase in mineable resources and reserves, reduction in stripping ratios of ore to waste, extending mine life and increased cashflow.

These drilling results, combined with the pit floor mapping, confirm the pit floor wedge is in fact made up of pegmatitic rock that historically was mined as tin-bearing feedstock.

This area had previously been categorised as waste material in our current mining and financial model due to a lack of drilling data and under our current model, is pre-stripped as waste before ore can be sent to the processing plant.

These positive drill results unequivocally demonstrate this is not the case and this material may be remodeled with increased confidence as revenue generating ore once all of the assay results are returned. AVZ Minerals Managing Director, Nigel Ferguson

The Manono lithium-tin project is located within the Democratic Republic of Congo in central Africa.

The project already boasts an immense, high-grade open pit resource of 400 million tonnes grading an imposing 1.65 per cent lithium oxide, however this figure now looks set to grow as the company extends its drilling program across the broad envelope around the Roche Dure deposit.

AVZ published its DFS for the project in 2020 which revealed an impressive set of numbers including a minimum 20-year mine life, a A$3.25 billion Net Present Value and an astonishing A$515 million annual EBITDA.

The company has recently raised additional capital to fund its pre-mining activities, with the current work including environmental and social impact assessments, geotechnical studies and the completion of the mine and construction camps as AVZ looks to make a final investment decision over the project – a task that does not look that difficult to achieve.

With drilling across the pit floor at Roche Dure coming up trumps and the lithium price taking off in recent weeks, AVZ may soon push the button on the development of Manono which is rapidly climbing the ranks and firmly taking its place one of the world’s largest hard-rock lithium deposits.

www.drcminingweek.com/industry-news

Food for thought on the Road to Mining Manono

Frank

 

[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