Another big win for AVZ Minerals

Australian Lithium explorer, AVZ Minerals has announced a further increase in their hard rock spodumene resource at the Manomo project in the Congo. The resource is already the largest hard rock spodumene deposit in the world, with AVZ owning 60% of the entire project.

The company announced a significant increase of 54.1% in its total resources, increased from 260million tonnes to 400 million tonnes of Li2O @1.66%.

Nigel Ferguson, AVZ’s managing director Nigel Ferguson said, “I am very pleased to be able to announce a solid 54.1% increase in the JORC ore resource estimate for our 60%owned Manono lithium project.

“More importantly, this includes more than doubling of the measured resource category to over 93 million tonnes following infill drilling since August 2018. This greatly increases confidence levels in the central section of the Roche Dure ore body.”

AVZ has already engaged an independent contractor to undergo a scoping study for a potential 10 million tonnes per year operation.

 “With drilling at Roche Dure currently winding up for the year, these resource figures are expected to rise further in 2019 as data continues to come in from final drill holes completed,” 

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