AVZ Discussion 2022

JAG

Top 20

*Speaking of "Manono" my friend, I see where it was reported in the Congo Media, that,

Manono: a century after tin, lithium makes the province dream

Near the rusting carcass of the old tin smelter, men and women, barefoot, search the ground for cassiterite, while hoping for the rebirth of their town of Manono, in DR Congo, thanks to the large deposit of lithium discovered at the gates of the old mining town.

A little further on, the "diggers" bring their harvest to the Lukushi River where women, in the water from morning to evening, wash in zinc basins the gravel from which will emerge the small black pebbles of tin ore, whose they hope to make enough money to live on.

"There is nothing else in Manono, life is very difficult," says simply Marcelline Banza, 28, mother of three, who says she can earn between 15,000 and 18,000 Congolese francs ($7.5 to $9 ) per day by washing the sandy soil.

The area is dotted with bumpy, gullied terrain excavated by hundreds of these artisanal miners armed with shovels and crowbars.

"The majority of the population lives below the poverty line and, rather than cultivating the fields, people prefer to dig, for a faster gain", regrets Patrice Sangwa, chief doctor of the Manono health zone, an isolated territory which faces malnutrition, cholera or even an epidemic of measles which has killed dozens of children since December.

The city is located in the province of Tanganyika, born in 2015 from the division into four of Katanga, a region in the south-east of the Democratic Republic of Congo full of minerals, copper and cobalt in particular. It was created at the beginning of the 20th century, with the exploitation by Belgian settlers of a deposit of cassiterite, the ore of tin.

Quarries, dams, foundries, railways, housing, mines brought prosperity.

– Ruins –

But little by little, with the fall in prices, the turbulent years after independence in 1960 and poor management, the equipment grew old, the city fell asleep and the coup de grace came from the war which accompanied the capture of the country in 1997 by Laurent-Désiré Kabila.

"The war of aggression", as the people of Manono call it, where the Rwandan soldiers left a very bad memory.

“We all fled. The foundry was destroyed, the houses looted, the European district devastated, that of the African executives too, ”says Paul Kissoula, known as “papa Paul”, 70 years old.

A quarter of a century later, vegetation invades the ruins, two steam locomotives, a crane, wagons, rust by the side of the road, the slag heaps are covered with trees.

"There has been nothing for years", sadly regrets "dad Paul".

Driver, he has known everything.

He was hired in 1974 by "Congo Etain", a public company that became "Zairetain" when the country changed its name under the presidency of Mobutu, then "Cominière" (Congolese mining company).

Today, Paul Kissoula is a driver for the Australian company AVZ Minerals which, in search of lithium, a metal that has become a star in electric car batteries, was the first to obtain a research permit in Manono in 2016, where it set up a joint venture with La Cominière.


“We are waiting for the permit” –

After several years of drilling, carried out in particular in an old and vast cassiterite quarry called "Roche Dure", the company discovered a deposit of "400 million tonnes of ore at 1.6%, probably the largest untapped resource in the world," said Nigel Ferguson, Managing Director of AVZ Minerals.

This represents lithium reserves of some 6 million tonnes, more than enough to measure up to the usual producers such as Australia, Chile, Argentina and China.

“The quality of the rock deposit is very good”, assures Nigel Ferguson, better according to him than the lithium extracted from brines, as in South America.

In large hangars, the company stores the "cores" drilled in the rock, up to nearly 400 meters deep. In the first meters, there is the ground, then come the laterite, the schists...

Erick Nkulu wa Kabamba, geologist, then shows the "pegmatite" (magmatic rock) containing "spodumenes", the lithium mineral. Samples are collected and sent for analysis to Perth, Australia.

The "definitive feasibility study" has been completed and was sent several months ago to the government, which the company is now waiting for to issue an exploitation permit.

When it has obtained it, AVZ “plans to devote 600 million dollars to the construction of a factory”, which should produce around 700,000 tonnes of finished product per year, which can be used mainly in batteries, specifies its boss.

It will also rehabilitate the old hydroelectric plant, increase its capacity, and employ hundreds of local workers.

If the permit arrives quickly, production could start in 2023.

“People are suffering… AVZ will help us”, hopes the administrator of the territory, Pierre Mukamba Kaseya who, like everyone else “is waiting for the permit”.

"The specifications also provide for actions on roads, schools, hospitals...", also anticipates Baccam Banza Cazadi, secondary school principal.

“We want them to be able to succeed, for the province and for the country. There is hope,” he said.


View attachment 1834




View attachment 1835


You would assume that the ML is Close, dare i say "Imminent" ;)

Fingers crossed for it to Drop tomorrow after

Dow logs best day in over a year to end volatile week as angst over Russia’s Ukraine invasion gives way to buying​


www.marketwatch.com
“People are suffering… AVZ will help us”, hopes the administrator of the territory, Pierre Mukamba Kaseya who, like everyone else “is waiting for the permit”.

Pretty heavy words here...... one day I look forward to hearing " the people and the economy of Manono are booming with new infrastructure projects coming online, household incomes are improving, jobs are being created and stability to a once poor economy is now on the up"

1645833465035.jpeg
 
  • Like
  • Love
Reactions: 9 users

Flexi

Regular
I am getting a gut feel and a tingle in my knee caps that a trading halt will occur this week.
Or is the tingle caused by the great AVZ photos Jag is posing......... hmmmm .....tim will tell 🇺🇦🇺🇦🇺🇦
 
  • Like
  • Haha
  • Thinking
Reactions: 11 users

BEISHA

Top 20
So this is where everyone is hiding ?
 
  • Like
Reactions: 9 users

BEISHA

Top 20
*Ditto Simon, Ditto indeed as Simon says,


Gidday my man..........missed you brother.

Where is my man JAG ?

Missed the girlies.........😂
 
  • Like
  • Haha
Reactions: 6 users

JAG

Top 20
Gidday my man..........missed you brother.

Where is my man JAG ?

Missed the girlies.........😂
Welcome to peace and tranquility BEISHA :D

To answer your question........Its not your imagination....:ROFLMAO::ROFLMAO:

1645846147838.png
 
  • Like
Reactions: 4 users

BEISHA

Top 20
“People are suffering… AVZ will help us”, hopes the administrator of the territory, Pierre Mukamba Kaseya who, like everyone else “is waiting for the permit”.

Pretty heavy words here...... one day I look forward to hearing " the people and the economy of Manono are booming with new infrastructure projects coming online, household incomes are improving, jobs are being created and stability to a once poor economy is now on the up"

View attachment 1840
wolf whistle.gif


Thanks man..now tell me how you got permanently banned on HC ?

How does that happen ?
 
  • Like
  • Haha
Reactions: 3 users

Winenut

GO AVZ!!!!
Gidday my man..........missed you brother.

Where is my man JAG ?

Missed the girlies.........😂
He's here Beish don't you worry! :D
 
  • Like
Reactions: 4 users

JAG

Top 20
  • Like
  • Haha
  • Fire
Reactions: 6 users

Winenut

GO AVZ!!!!
Um.....missed the timing of my response by that much....:ROFLMAO:
 
  • Like
Reactions: 2 users

BEISHA

Top 20
Ask the turncoat Lbruce/tradergirl or whatever her name is.....:ROFLMAO:
Yep, piece of work is ole brucey, much like flash point, what am i allowed to say on this forum?, cause i could dish a whole heap of dirt on that poster........;)
 
  • Like
Reactions: 3 users

JAG

Top 20
Yep, piece of work is ole brucey, much like flash point, what am i allowed to say on this forum?, cause i could dish a whole heap of dirt on that poster........;)
You can say anything.......its moderated by us and not others:sneaky:
 
  • Like
Reactions: 5 users

Winenut

GO AVZ!!!!
Yep, piece of work is ole brucey, much like flash point, what am i allowed to say on this forum?, cause i could dish a whole heap of dirt on that poster........;)
It's pretty open but we've tried to start nicely

Too much vitriol over on that othe site
 
  • Like
Reactions: 7 users

BEISHA

Top 20
You can say anything.......its moderated by us and not others:sneaky:
This is pure gold, so let me get you straight here brother, if flash point wants to join up, you or who ever gets to say yah or nah
 
  • Like
Reactions: 1 users

JAG

Top 20
This is pure gold, so let me get you straight here brother, if flash point wants to join up, you or who ever gets to say yah or nah
We can pretty much moderate any poster and have them removed depending on the privilege's you have.....so we control our thread

Jack Nicholson Yes GIF
 
  • Like
Reactions: 4 users

JAG

Top 20
We can pretty much moderate any poster and have them removed depending on the privilege's you have.....so we control our thread

Jack Nicholson Yes GIF
1645847594613.png
 
  • Like
Reactions: 1 users

Winenut

GO AVZ!!!!
We can pretty much moderate any poster and have them removed depending on the privilege's you have.....so we control our thread

Jack Nicholson Yes GIF
Yeah I sort of feel I am still working through excactly what that means and how that exactly works

I've been checking the site for more info

I can see that being a paid up member can assist with having posts removed or suspended for review

Not sure if you can stop someone from joining the thread outright

Like everything just a learning curve I guess
 
  • Like
Reactions: 1 users

BEISHA

Top 20
We can pretty much moderate any poster and have them removed depending on the privilege's you have.....so we control our thread

Jack Nicholson Yes GIF
Good, certainly hope so cause my distaste for that poster is beyond the pale, my suggestion also is that we keep this site on the quiet aka not advertising it on HC !!

I moderated BLUEY on HC for that reason..........sorry Blue.
 
  • Like
Reactions: 2 users

Winenut

GO AVZ!!!!
I seem to be 30 seconds behind the conversation constantly!! :rolleyes:
 
  • Like
  • Haha
Reactions: 4 users

Winenut

GO AVZ!!!!
Good, certainly hope so cause my distaste for that poster is beyond the pale, my suggestion also is that we keep this site on the quiet aka not advertising it on HC !!

I moderated BLUEY on HC for that reason..........sorry Blue.
Aaahh....you crazy chartists ;)
 
  • Like
  • Haha
Reactions: 5 users
Top Bottom