AVZ Discussion 2022
- Thread starter GazDix
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Mr Inappropriate
Regular
Nigel also said something in passing about the DRC ultimately retaining “10 TO 15 PERCENTl, did he not? Or did I imagine that?*To Remind,
'pending the release of an announcement in
relation to it’s mining and exploration rights for the Manono Lithium and Tin Project'=
FULL MINISTERIAL MINING APPROVAL
Nigel did state in the German interview that they were expecting the sign off in the next few days.
Well, its been a few days.....
TDITD
Top 20
Left field entrant - the AVZ dathco battery manufacturing plant - current wrangling in-country over where to put this beauty.
https://nzadinews.net/tanganyika-co...anono-julien-paluku-sous-le-feu-de-critiques/
https://nzadinews.net/tanganyika-co...anono-julien-paluku-sous-le-feu-de-critiques/
Samus
Top 20
Might be a chain gang of zijin and comminiere execs they're waving at. Scratching for some tungsten to pay off their debts.
Samus
Top 20
Xerof
Is There Anybody Out There 1979
Yes, he did say that, mentioned 85% to 90%, i.e. pre-CATH, and then 10% to 15% to the DRC later on in the conversation. I think this may be part of the overall deal, and I had already posed the question: do they get free carried for the 15% if thats where this is going?
Pleased to see you all now hate Z as much as I do, lol
This project only needs one chinese partner, and it must be CATH(L)
Xerof
Is There Anybody Out There 1979
Yeah, great find indeed. This looks like the end product of part of the deal to secure the 15% - a free share to DRC in the LiOH plant. Locals can argue about where it should be, but nice to know it IS GOING to be, and called AVZDATHCOM
yippee
TDITD
Top 20
Just pissing about doing some digging an elphamale guides me to this, a new morsel of information for us to digest :
https://www.weare121.com/121mininginvestment-cape-town/avz-minerals/
Award of mining licence, major contracts and commence development of the Project
6 Months:
Finalise project financing
12 Months:
Maintain project on schedule for first production of SC6 in 2023 and identify AVZ’s next major project
12 months identify AVZ next major project.
Jesus Christ, we have an expansion to10mtpa to go through, additional PLS trains to add, A likely Battery plant JV, artisanal tin work. More drilling around the 'smaller' pegmatites around Roche Dure, do we then go to 20mtpa ?
Is the next major project drilling out the newly divided tenement that holds the majority of Carriere De L'este. Surely so and not some other project elsewhere ?
Sorry EDIT*
Forgot to put this in :
So Develop Carriere as a new project or is he talking diversity in minerals even country too?
https://www.weare121.com/121mininginvestment-cape-town/avz-minerals/
What are your key goals for the next 3, 6 and 12 months?
3 Months:Award of mining licence, major contracts and commence development of the Project
6 Months:
Finalise project financing
12 Months:
Maintain project on schedule for first production of SC6 in 2023 and identify AVZ’s next major project
12 months identify AVZ next major project.
Jesus Christ, we have an expansion to10mtpa to go through, additional PLS trains to add, A likely Battery plant JV, artisanal tin work. More drilling around the 'smaller' pegmatites around Roche Dure, do we then go to 20mtpa ?
Is the next major project drilling out the newly divided tenement that holds the majority of Carriere De L'este. Surely so and not some other project elsewhere ?
Sorry EDIT*
Forgot to put this in :
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Currently have a single project focus, we will look to lower this risk through future project diversifySo Develop Carriere as a new project or is he talking diversity in minerals even country too?
TDITD
Top 20
yes Julien doesn't mince about. Good one to follow him on twitter, he may give us some goldLike the sounds of that! Nice find.
Not so subtle good ol Julien
Retrobyte
Hates a beer
Article is dated December last year
TDITD
Top 20
which translated to Australian time from African time is last week.
But seriously we know how slow things move over there. The positive is that its happening, an its those chaps from the battery council AVZ that are front and centre.
Mr Inappropriate
Regular
I’ve been suspicious about this 15% from the get-go (the pre-confusion times). It was clear in my mind’s eye that this was open to malign influence from PRC, either directly or indirectly. So much so that I reached out to AVZ to try and get an understanding of this risk. AVZ stressed the strength of the relationship with CATH and their commitment (and also that the they would pay the 240m before the end of April…). They also said that the relationship with the DRC government was is very good shape (my words), and that they were not concerned about geo-political risks - a response which was probably in the context of the ML grant rather than the 15% now in dispute. With the current uncertainty I now wish I had gone harder at those geo-political questions.
So with all the above being a true-enough representation of the risks and relationship standing, I can only conclude that there has been a bunch of bad-faith / improper transactions beyond this group, with Z seemingly at the centre.
Let’s hope that our long and positive relationship with the DRC leads to a speedy clarification / resolution.
PS - wasn’t the Australian ambassador in the DRC recently meeting with senior officials (maybe even FT)? I wonder if they were there at the request of AVZ to remind them what a good honest strategic partner AVZ and Australia are? **
**Federal ICAC now please - you can’t negotiate on the basis of integrity with our own levels of political corruption spiralling.
TLDR - Fuck Z.
Last edited:
How about we put a conveyor belt at the front gate of the mine straight to the plant! Gold!
Uglybob
Regular
The Opera web browser has a built in VPN - pick a location and turn it on. Not to say some clown hasn't already used it and gotten themselves banned from whatever IP addresses it uses.
Samus
Top 20
Fletch77
Regular
I‘m fairly certain he is talking about diversity with different minerals and different country also.
If all goes to plan they will be thinking about acquisitions for lithium and other minerals, and exploration in Australia and elsewhere IMO.
They should want to de-risk the company from just relying on lithium down the track.
He has stated this in at least one video interview, and it’s good to see they are looking at the big picture outside of Manono.
People who keep on repeating that the board will be happy with an average TO offer should take note of this. (not mentioning any names)
cruiser51
Top 20
Could Zijin be trusted to build the conveyor belt, coz they might be excluded from mining operations in the DRC.I hear there might be some vacant land coming up at tenements PE12453 & PE13427
DiscoDanNZ
Regular
Once the Monster of Manono is up and running I'm fairly confident they will be able to afford to diverse into any project or industry they choose...I‘m fairly certain he is talking about diversity with different minerals and different country also.
If all goes to plan they will be thinking about acquisitions for lithium and other minerals, and exploration in Australia and elsewhere IMO.
They should want to de-risk the company from just relying on lithium down the track.
He has stated this in at least one video interview, and it’s good to see they are looking at the big picture outside of Manono.
People who keep on repeating that the board will be happy with an average TO offer should take note of this. (not mentioning any names)
They are called AVZ Minerals, so far we have Lithium, Tantalum and Tin. Whats next? My portfolio needs more Graphite...
RNU/TLG for graphite mate
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