AVZ Discussion 2022
- Thread starter GazDix
- Start date
Retrobyte
Hates a beer
Fuck that Brewer carnt - I lost a bit on 4CE & WFE too. At least I was able to use it to offset the CGT on the part of my AVZ holdings I sold before suspension.
Are we forgetting what was also included in the Ministerial Decree announcement on May 4th ?
"Media speculation AVZ makes reference to recent media speculation in respect of several matters in connection with AVZ’s interest in the Manono Project."
" The Company is continuing to take all necessary actions to resist these vexatious and meritless claims and to protect Dathcom’s and its interests, and the Company will consider all options including engaging with the DRC Government and seeking international law remedies. "
Alarm Bells ringing loud and Clear . Of course some investors are going to dump after reading that . Stop losses going off like a bride's nighties . Shorter's getting a woody . "Seeking international laws for remedy ." F--k me talk about a red flag right there . Most of us just stood on the tracks waiting to get hit by the train . The smart ones dumped and ran .
MoneyBags1348
Top 20
This bloke is going in with 8 lawyers defending him
Congo Opens Trial Against Former Presidential Adviser Tshimanga
Former Special Adviser to the Congolese President Vidiye Tshimanga appeared in court in Kinshasa on Monday facing charges of passive corruption, insults to the head of the state and influence peddling. He resigned on September 16 after a tape released and analyzed by OCCRP showed him negotiating a c
Lets be honest we have zero chance of going into production in 2024 . Nigel is obviously not confident enough to start ordering parts /long lead items . It's earliest mid 2025 . Possibly 2026 if this drags on for another 6 months or more . Of course a take over could solve all of that .
Well we already know he's going to get off .View attachment 22389
This bloke is going in with 8 lawyers defending him
Congo Opens Trial Against Former Presidential Adviser Tshimanga
Former Special Adviser to the Congolese President Vidiye Tshimanga appeared in court in Kinshasa on Monday facing charges of passive corruption, insults to the head of the state and influence peddling. He resigned on September 16 after a tape released and analyzed by OCCRP showed him negotiating a cwww.occrp.org
LOCKY82
Regular
Think you've had a bad start to the day mate, let's not catastrophize too much
This investment is taking a toll on me and the missus relationship too! I'm about 1 more black eye away from having the cops called!!
LOCKY82
Regular
I told her! Once more! Once more and I'm calling the cops!!Think you've had a bad start to the day mate, let's not catastrophize too much
This investment is taking a toll on me and the missus relationship too! I'm about 1 more black eye away from having the cops called!!
LOCKY82
Regular
Sir... step away from the keyboard! Hands where we can see them please
MoneyBags1348
Top 20
The court judgment on Tshimanga’s case is expected on November 23.View attachment 22389
This bloke is going in with 8 lawyers defending him
Congo Opens Trial Against Former Presidential Adviser Tshimanga
Former Special Adviser to the Congolese President Vidiye Tshimanga appeared in court in Kinshasa on Monday facing charges of passive corruption, insults to the head of the state and influence peddling. He resigned on September 16 after a tape released and analyzed by OCCRP showed him negotiating a c
That is Wednesday evening our time.
As Tshimanga is part of the protected in-crowd, it is important to see, if they are going to throw the book at him.
If they do, it will be a sign that the DRC will start cleaning up the habitual corruption, which is considered completely fair game by these clowns.
Having top lawyers state, it is all above board, because it happened overseas is the most piss weak argument I have ever heard.
MoneyBags1348
Top 20
And now that I’m finished my tomfoolery for the day because it seems everyone has gone on a holiday to New Zealand, I just want to say to all those inquiring about ‘the Chiropractor’…. He likes to be called ‘Doctor’
Ok. Sorry mate .Look on the bright side . As least she is not kicking you in the nuts .Think you've had a bad start to the day mate, let's not catastrophize too much
This investment is taking a toll on me and the missus relationship too! I'm about 1 more black eye away from having the cops called!!
LOCKY82
Regular
Who said she isn't!?
help!!I agree with old Wombie - I'll be absolutely floored, stunned, astonished, if we manage to get into production in 2025, let alone 2024.Think you've had a bad start to the day mate, let's not catastrophize too much
This investment is taking a toll on me and the missus relationship too! I'm about 1 more black eye away from having the cops called!!
Frank
Top 20
From a bunch of crooks to the heroes of Manono in a matter of weeks. Where was it we were buying ambulances for?
*Reading this makes me want to run out and buy shares in TTX, it even looks and sounds similar to another Stock i own, then again
Tantalex Lithium Resources On track to becoming a key African lithium producer
Tantalex Lithium Resources Corp., listed on the Canadian, American and Frankfurt exchanges, is currently developing its majority-owned flagship project, the Manono lithium tailings project.
Tantalex has completed 13,000m of drilling with all assay results being received.
A Maiden Mineral Resource Estimate is due to be released during the month of November.
Additionally, bulk samples from the tailings have been sent to the metallurgical test facilities in South Africa where preliminary heavy liquid separation (HLS) metallurgical test results have confirmed that up to 6.5% Li2O spodumene concentrate is achievable.
Tantalex Lithium has initiated feasibility study work for the production of 6% Li2O spodumene concentrate (SC6).
The initial phase of the future production plant would be for a production of approximately 100,000 tpa of SC6 for an initial mine life of six to eight years.
Speed to market is one of the greatest advantages of this project when compared to other developing lithium projects.
The company is aiming to have the feasibility study completed by June 2023 and have an investment decision shortly thereafter to pursue the construction of the project.
The relatively small size of the project allows for a quick path to production, using existing road infrastructure and low energy requirements.
As a tailings reclamation project, there is very little time required to engineer a mine and mining becomes a very low-cost operation.
With these positive factors, Tantalex Lithium is now aiming for a start of production by early 2025 to become a key lithium producer.
According to supply and demand projections, this is the moment when the market will be in its biggest supply deficit.
Manono: A history of mining
The historical Manono-Kitotolo tin mine produced between 140,000 to 185,000 tons of tin and 4,500 tons of coltan concentrate from the pegmatites from 1913 to the 1980s (Zairetain 1981).At the time, the mine was not interested in the lithium resource and only exploited tin and tantalum.
In 2016, exploration recommenced in Manono with subsurface drilling at the historical mine location, but this time it was for lithium.
By 2019, the largest undeveloped hard rock lithium resource in the world (400 million tons grading at 1.65% Li2O) was confirmed, propelling Manono as a key, strategic location for future lithium production.
Tantalex Lithium Resources acquired the majority stake in the legacy tailings and dumps from the old historical mine in 2018.
This asset comprises 11 tailings dumps spread throughout the 13km strike from the historical mine.
A drone volumetric survey conducted in 2020 confirmed up to 105 million tons of material spread across the 11 dumps.
Bluesky lithium exploration potential
In the Manono region, Tantalex, through its 70% owned subsidiary United Cominiere SAS, also holds two mining concessions totalling 800km², which are immediately adjacent and down from its tailings project and the recently discovered 400-million-ton lithium resource.These mining concessions are home to a lithium-caesium-tantalum (LCT) pegmatite corridor of 25km strike length, with promising pegmatite outcrops which have not yet been drilled (Fig. 2).
Drilling started in November on identified targets from the aerial geophysics and geological mapping that was performed during the year.
A second drill rig will be sourced shortly to accelerate the drilling programme.
The potential for a large lithium discovery is quite high and, considering the time it may take to prove a resource and then bring it to market, the faster we can drill, the quicker we can convert the resource into an actual lithium product.
For Tantalex, any additional resources discovered would provide a significant upside as it would be complementary to the already existing processing plant on the Manono lithium tailings project.
Developing a battery minerals supply chain in the DRC
In May 2022, the Democratic Republic of the Congo (DRC) and Zambia signed a historical co-operation agreement to facilitate the development of the value chain in the electric battery and clean energy sector.The DRC, which is rich in lithium, manganese, nickel, and cobalt, has stated they are adamant about providing the right conditions to produce batteries for electric vehicles (EVs) and develop a ‘green’ value chain.
It is worthwhile noting that the DRC has the means to do so because its territory contains all the raw materials needed to create electric batteries.
This is obviously the case for cobalt, where around 100,000 tons per year are produced with estimated reserves of 25 million tons, but also for copper, nickel, chromium, and lithium, which the DRC now has the largest undeveloped deposit in the world.
The overall shortage of lithium raw materials has now taken centre stage in the risks inherent to the success of the EV and green revolution.
Although there is abundant lithium in the world, developing lithium mines remains the biggest challenge to achieving the EV goals set by most Western governments.
Governments and industries worldwide are scrambling to secure resources for their processing facilities in their homeland, whereas the DRC has abundant resources for the EV supply chain on its own territory.
There will be much value created for the country but also worldwide with a reduced carbon footprint if the cathode/anode processing factories can be established in the DRC.
Titan project: Tin and tantalum concentrate production
United Cominiere mining concessions are also home to vast cassiterite and coltan alluvial deposits near the surface.The approval by the Ministry of Mines for the transformation of these licenses, from research permits to exploitation concessions in October 2022, has allowed us to proceed with the commencement of the construction of the Titan tin and tantalum concentrate plant.
This plant will be able to produce 120t of tin concentrate and 20t of tantalum concentrates per month, generating important revenues which will allow the development and exploration of our additional assets and create additional value for the Manono region.
The plant, which has been designed to be modular and easy to mobilise, has now been trial tested in Manono (Fig. 3) and is being mobilised to the site. Commissioning and production are scheduled to start in March 2023.
For Tantalex, the Titan plant is an important milestone as it will generate important revenue for the company and also demonstrates the company’s know how in operating in more remote areas.
As we are preparing for the construction of the lithium tailing concentrate plant, which will be a much larger project, the acquired experience in building an industrial project in the Manono region brings important added value to the realisation of our future projects.
Why the Manono region?
Manono used to be a thriving mining town but, with the downcycle in the 1980s and the continuous political tumult in the country, investment abated and Manono has suffered from challenging economic conditions since then.Until the Second Congo War (1998-2003), the city was supplied with hydroelectric power from the Mpiana Mwanga dam located 70km away and had its own brewery.
Today, the local population is primarily occupied in subsistence agriculture and artisanal tin and coltan mining.
In 2018, a 1 MW solar power plant was built and is now supplying electricity across the city.
Big infrastructure projects, like the completion of paved roads, the extension of railway lines, and the power station’s rehabilitation will significantly aid the region’s attractiveness for large-scale investment, not only in the mining sector.
An airport serves Manono, and general infrastructure is still good, bearing the marks of the past, but it does need significant upgrades to support large-scale mining operations.
Tantalex is managed by highly experienced directors with multiple years of experience in Africa who are highly motivated to create value for the benefit of shareholders and stakeholders and, most importantly, the communities and the populations who depend on the realisation of Tantalex’s projects for a more prosperous future.
The population of Manono is fully supportive of the mining projects and looks forward to having their city recover the prosperity it once had.
Mining projects will be the catalysts to develop many more industries in the region.
Tantalex is committed to local job creation and training the local workforce for specialised work.
Additionally, the company aims to deliver on the socio-economic targets for public health services, preservation of the environment, and support for local community initiatives and economic development projects.
copperbeltkatangamining
Spikerama
Regular
Do we really need to post this kind of shit? I mean really?
We know the detractors are all over social media like a rash and have already made the claim that apparently we hate the Congolese. Why are we fueling them with more ammo to use against us?
Dumbest thing on earth.
LOCKY82
Regular
Never disagreed with him mate. I'll be taking a decent chunk out more than likely before production for some upcoming things. But all depends on how things play out. Don't throw the baby out with the bath water
Nudedomas59
Member
I couldn't agree more. Well said.
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