AVZ Discussion 2022
- Thread starter GazDix
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LOCKY82
Regular
The fact is Klaus who is representing AJN has done an interview with the media and literally said AVZ gave it back. It may well all be bullshit, bit anyone saying it's nonsense or immaterial needs their head examined!! Serious questions need to be asked now and satisfactory answers given. As I say it probably is a load of nonsense but no stone should be left uncovered we all ha e a lot of money in this! Back the board but keep them honest and have your questions heard and answered sufficiently. Imo
Nudedomas59
Member
Sammy_da_Smile
Regular
Yup exactly, who would you believe? AVZ that said they met? Or some account on twitter stating the opposite haha how would mines.cd even know anyways what Mihigo is doing
LOCKY82
Regular
You don't have to believe the noise but you acknowledge it and ask the question, then ignore it! We need to be switched on here
I don't think we gave anything back. Just from what Nigel said it sounded like we probably indicated a potential willingness to consider this if need be, if it was mandated as such from FT to "give something back to DRC" and receive the RD ML in return. CAMI and KE then have probably taken this and said well they voluntarily gave it back, and so tried to get it official, and that's when we said no we didn't give it back after digging and finding it out it didn't come from FT, and the subsequent fight over this is a key factor behind blockage of the ML.
It all seems to fit now, with the AJN/DRC government JV timeline and how everything has shaken out since. I think we can put all our misery down yo the unholy KE/Cong/JFM triangle, with those actors also pulling in their agents and supporters to also cause us problems.
Klaus Eckhof has a lot to answer for. He's probably still pissed at how things went down with AVZ at the end, and angry he missing out on his cut of the billions, and now is seeking both to throw AVZ under the bus whilst gaining a retirement pot of gold from this hustle play.
Surely the AJN board would've known that the company and Eckhof was planning to get tenements around Manono when the JV documents and terms were being negotiated early in 2022 - when the AVZ directors were also involved. Is that why Huj left? Saw a greater potential for quick cash through tenement sales? He's in tight now with KE, as is Rhett.
DiscoDanNZ
Regular
It reeks of the sort of information DG used to love to drip feed out mid riddle from his secret lover Cong.
My thoughts on the CDL saga are that the 'asking to give it back' could have been part of the delays in the ML being granted.
The corrupt fuckers delay it constantly and when we start pushing they get told something like 'the hold up is the northern section of CDL, you haven't poked many holes in it. Felix said if you gave it back it will speed up the ML. Don't worry you can just put in another PR application'
We agree to hand it back then BAM turns out Klaus was under the table knobbing off the DG of CAMI while Cong watches in the corner.
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Rediah
Regular
Absolutely, and yes NF must be asked about conflict of interest and CDL .
But some of the twitters information coming out recently, its just a desperate attempt to make SHs panic and start shooting at their own feet, so that noise can be ignored till we get more information out of RS.
While remaining confused, which seems to be the status-quo for me over the past six months, I wonder if there is absolutely nothing to AJN's claims, and it's just a fairy tale.
We know that AJN has form, and is not above making wild meritless announcements. Maybe it's just more of the same destabilising narrative circulated by a bunch of corrupt fat Africans and greedy Chinese rodents in order to get a slice of our pie.
Cheers
F
We know that AJN has form, and is not above making wild meritless announcements. Maybe it's just more of the same destabilising narrative circulated by a bunch of corrupt fat Africans and greedy Chinese rodents in order to get a slice of our pie.
Cheers
F
I can't remember reading that here or in social media where the email was from. All it said was that there was an important email. I could have just missed it though.
To me it sounds like someone who attended leaked to them or someone from private message leaked to them.
It's disturbing that zijin have apparently given up on their claim yet we're still seeing attacks
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Xerof
Flaming 1967
DiscoDanNZ
Regular
That's right. There's no public post regarding the email.
It was shared privately here, so the leak is here in disguise.
Or maybe dark agents waited outside the RS and followed attendies to the pub and listened in while they enjoyed their pizza an beer!
Are you sure there wasn't a public post? I remember seeing it on here but can't remember if it was JAG or grassseeds that posted it.
The RDC tweet doesn't haven any information in it that I didn't know
Sammy_da_Smile
Regular
From their website: https://avzminerals.com.au/manono-mine/
Manono Mineralisation
The presence of lithium mineralisation in pegmatites at Manono has been confirmed to extend along strike for more than 13km.
Two large areas of pegmatite have been identified, with the northeast area, referred to as the Manono sector and the southwest area, referred to as the Kitotolo sector. Mapping within the two sectors has established that there are many pegmatites, representing separate intrusions, including six large pegmatites.
The large pegmatites all contain spodumene mineralisation. The majority of the smaller pegmatites also contain spodumene and in some cases other lithium minerals. The two largest pegmatites (known as the Carriere de l’Este Pegmatite and the Roche Dure Pegmatite) are each of similar size or larger than the famous Greenbushes Pegmatite in Western Australia.
In addition to geological mapping and trenching, AVZ completed an initial phase of due diligence drilling in 2017, comprising seven diamond drill holes for a total of 1,739m and testing four of the large pegmatites. In all cases, thick intervals of pegmatite were intersected and spodumene was present within all the pegmatites. The drill results included:
The Roche Dure Pegmatite has a proven length of at least 2,100m. Drill-holes MO17DD001 and MO17DD002 are centrally located within an 800m long interval in which the Roche Dure Pegmatite’s average true thickness is interpreted to be 200m and drilling has proven the pegmatite extends down-dip more than 250m and remains open. Secondary mineralisation in the form of tin and tantalum should not be discounted either.
The Mpete Pegmatite is estimated to have a strike length of 1km and the Tempete Pegmatite is estimated to have a strike length of 1.5km. Both pegmatites are potentially large sources of lithium mineralisation within the Kitotolo sector.
The Carriere de l’Este Pegmatite, with a mapped length of about 5,500m, is potentially the largest pegmatite in the Manono Project. Assay results from drill-hole MO17DD007 initially confirmed the mineralisation distribution and tenor evident from the spodumene present in the drill-core. Sampling commenced at 1.9m from which depth the pegmatite is unweathered. The thickness of intersected pegmatite and the geometric relationship between the location of the drill hole and mapped pegmatite boundaries suggests the thickness of the Carriere de l’Este pegmatite may be up to 280m true thickness at this location. The initial drilling program has confirmed the immense size and potential of the Manono Lithium project.
Based on detailed prospect scale mapping, trenching and drill results, and given the size and mineralised nature of the pegmatites at Manono, AVZ generated an exploration target of between 1Bt to 1.2Bt of 1.25% to 1.5% Li2O for the entire Manono Project, including between 300 and 400Mt of 1.25% to 1.5% Li2O for the Roche Dure Pegmatite alone. The potential quantity and grade of the exploration target as stated, is conceptual in nature as there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
The Roche Dure Mineral Resource now stands at 400 million tonnes at 1.65% Li2O, 715ppm and 34ppm Ta as reported in May 2019 and includes 269m @ 1.65 Li2O of Measured and Indicated Resources. Additionally the Roche Dure deposit has reported JORC compliant Tin and Tantalum resources of 275m @ 962ppm Sn and 38 ppn Ta for 264,55t of Sn metal and 10,450t of tantalum metal. At this size, Roche Dure stands as one of the largest and highest grade undeveloped hard-rock lithium deposits in the world.
Manono Mineralisation
The presence of lithium mineralisation in pegmatites at Manono has been confirmed to extend along strike for more than 13km.
Two large areas of pegmatite have been identified, with the northeast area, referred to as the Manono sector and the southwest area, referred to as the Kitotolo sector. Mapping within the two sectors has established that there are many pegmatites, representing separate intrusions, including six large pegmatites.
The large pegmatites all contain spodumene mineralisation. The majority of the smaller pegmatites also contain spodumene and in some cases other lithium minerals. The two largest pegmatites (known as the Carriere de l’Este Pegmatite and the Roche Dure Pegmatite) are each of similar size or larger than the famous Greenbushes Pegmatite in Western Australia.
In addition to geological mapping and trenching, AVZ completed an initial phase of due diligence drilling in 2017, comprising seven diamond drill holes for a total of 1,739m and testing four of the large pegmatites. In all cases, thick intervals of pegmatite were intersected and spodumene was present within all the pegmatites. The drill results included:
| Pegmatite | Main Pegmatite Intersection | Drill-hole ID |
|---|---|---|
| Roche Dure | 235.0m @ 1.66% Li2O, 1001ppm Sn | MO17DD001 |
| Roche Dure | 202.8m @ 1.57% Li2O, 1078ppm Sn | MO17DD002 |
| Mpete | 45.7m @ 1.59% Li2O, 1230ppm Sn | MO17DD005 |
| Tempete | 65.9m @ 1.51% Li2O | MO17DD006 |
| Carriere de l’Este | 250.9m @ 1.48% Li2O, 913ppm Sn | MO17DD007 |
The Mpete Pegmatite is estimated to have a strike length of 1km and the Tempete Pegmatite is estimated to have a strike length of 1.5km. Both pegmatites are potentially large sources of lithium mineralisation within the Kitotolo sector.
The Carriere de l’Este Pegmatite, with a mapped length of about 5,500m, is potentially the largest pegmatite in the Manono Project. Assay results from drill-hole MO17DD007 initially confirmed the mineralisation distribution and tenor evident from the spodumene present in the drill-core. Sampling commenced at 1.9m from which depth the pegmatite is unweathered. The thickness of intersected pegmatite and the geometric relationship between the location of the drill hole and mapped pegmatite boundaries suggests the thickness of the Carriere de l’Este pegmatite may be up to 280m true thickness at this location. The initial drilling program has confirmed the immense size and potential of the Manono Lithium project.
Based on detailed prospect scale mapping, trenching and drill results, and given the size and mineralised nature of the pegmatites at Manono, AVZ generated an exploration target of between 1Bt to 1.2Bt of 1.25% to 1.5% Li2O for the entire Manono Project, including between 300 and 400Mt of 1.25% to 1.5% Li2O for the Roche Dure Pegmatite alone. The potential quantity and grade of the exploration target as stated, is conceptual in nature as there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
The Roche Dure Mineral Resource now stands at 400 million tonnes at 1.65% Li2O, 715ppm and 34ppm Ta as reported in May 2019 and includes 269m @ 1.65 Li2O of Measured and Indicated Resources. Additionally the Roche Dure deposit has reported JORC compliant Tin and Tantalum resources of 275m @ 962ppm Sn and 38 ppn Ta for 264,55t of Sn metal and 10,450t of tantalum metal. At this size, Roche Dure stands as one of the largest and highest grade undeveloped hard-rock lithium deposits in the world.
Mouthpiecenomnom
Regular
This is objectively wrong. Worst case it seems too me we lose the northern part of the tenement but get an very quick ML for the south, and get on with production ramp-up. AVZ still worth well north of $1.50.
This is how I see the game being played. They holding ML for ransom in order to illegally gain Northern section (which hasn't been proven up yet.... BECAUSE IT WAS THE SAME GODAMN TENEMENT!!) 3rd world bullshit.
Xerof
Flaming 1967
That's right. There's no public post regarding the email.
It was shared privately here, so the leak is here in disguise.
Or maybe dark agents waited outside the RS and followed attendies to the pub and listened in while they enjoyed their pizza an beer!
Not necessarily anyone from this forum. There were others there - surely???? maybe Rhett shared it with Klaus?
Disclosure: I did think the magical 4.58pm receipt of an email disclosing (I don't know what) reeked of stage management TBH, but as you know I don't trust anyone, and approach everything from a cynics POV
Azzler
Top 20
I was a bit sus on that too.
However, when I was privately told the contents of the email, I kinda thought it was a real nothing burger anyway. Just a meeting isn't very exciting, if the contents of the meeting were know it might have been interesting.
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