News Articles for AVZ Minerals

The corporate regulator is suing sunken explorer AVZ Minerals and two Perth directors for allegedly failing to disclose an escalating legal dispute linked to a mammoth African lithium deposit.

AVZ Minerals is involved in another legal dispute relating to its Manono project, after a funder sued the West Perth company over a $US15 million agreement.

Besieged lithium explorer AVZ Minerals has denied it has engaged in bribery days after its office was raided amid an ongoing investigation by the Australian Federal Police.

Global Lithium Resources has confirmed Geoff Jones has resigned as the company's non-executive chair, effective immediately.

The fight over AVZ Minerals' mega-lithium deposit in the DRC conjures up images of the whacky Cantina bar scene in Star Wars where all the characters have two heads or three arms and an armoury of weapons to wield. A recent court ruling, however, has reset the playing field in AVZ's favour as the dominoes start to fall against the dark forces seeking to spirit away its extraordinary lithium deposit.

AVZ Minerals has increased the resource at its Manono project in the Democratic Republic of Congo to an extraordinary 842 million tonnes at 1.61 per cent lithium oxide, representing a massive 47 per cent rise. The remarkable resource expansion comes after the company generated results from a 53-hole diamond drill campaign across 15,684m along strike from known mineralisation at its Roche Dure deposit.

West Perth-based AVZ Minerals has secured an interim win in an ongoing international arbitration against the Democratic Republic of Congo over a mine licence.

AVZ Minerals has laid claim to having the world's biggest hard-rock lithium deposit after pumping up the resource at its Manono play in the DRC to a whopping 574 million tonnes at 1.63 per cent lithium oxide. It comes on the back of tabling a maiden resource for its Carrière de L'Este pegmatite of 173 million tonnes at 1.58 per cent lithium oxide.

AVZ Minerals shareholders have cast their votes amid a boardroom ousting campaign at the company's annual general meeting yesterday.

Former AVZ Minerals director Peter Huljich has accused several of the company's board members of defamation, ahead of the lithium hopeful's annual general meeting today.

The Supreme Court of Western Australia has ruled in favour of Fat Tail Holdings to access AVZ Minerals' shareholders list and email details.

The board of lithium hopeful AVZ Minerals has been targeted by an ousting campaign titled ‘Make Manono Great Again', a play on the company's dispute-locked project in Central Africa.

Our board moves wrap includes Salome Sijaona, Philip Crutchfield, Ric Dawson, John Hannaford, Linda Friedland, ZaiQian Zhang, Su-Mei Sain, and Benjamin Donovan.

Our board moves wrap includes Casta Tungaraza, Serge Ngandu, Nicolle Fleming, Mark Ashby, Darren Naylor, Oliver Kreuzer, Mohammad Ali Shah, Lawrence Teo, Nick Selby, Greg Jones, Amy Stefonick, Hugh Warner, Chris Hilbrands, Phil Thick, Matthew Gauci, Matthew Worner, Andrew Muir, and Pip Darvall.

AVZ has reeled in monster lithium hits from the final 36 holes of a 53-hole resource drill-out of the Roche Dure deposit at its Manono project in the Democratic Republic of Congo. The latest results include an extraordinary 342m at 1.86 per cent lithium oxide from 208m. The remarkable ore body stretches more than 1.8km and remains open along strike and at depth.

AVZ Minerals has launched arbitration proceedings against its project partner, a state-owned entity in the Democratic Republic of Congo, in the latest development of an ongoing ownership dispute.

AVZ Minerals has unveiled a monster lithium hit, with credible tin additions, from five holes in a wider 54-hole drilling campaign at its Manono project in the Congo. Headline results include 308m at 1.53 per cent lithium oxide and 731ppm tin from 22.5m, with another 176.3m grading 1.67 per cent lithium oxide and 898ppm tin from 23.7m.

Aspiring lithium miners face challenges and opportunities as they race to turn prospects into production.

AVZ Minerals continues to record impressive assays from its Manono lithium and tin project in the Democratic Republic of Congo including a whopping 113m hit at 1.79 per cent lithium from 65.1m. The massive intercept was from one of four diamond drill holes sunk into the company's Roche Dure north-east extension and also included 860 parts-per-million tin in addition to a higher grade zone with a 36m section going 2.06 per cent lithium and 887ppm tin from 141m.

One-time market darling AVZ Minerals has been hit with a major regulatory setback, just weeks after the launch of a shareholder class action against the aspiring lithium miner.

AVZ Minerals has delivered a suite of broad lithium intersections including 144.5m at 1.75 per cent from 13.5m and 172.3m going 1.57 per cent from 48.5m at its monster Manono hard-rock lithium and tin project in the Democratic Republic of the Congo. Four more extensional diamond drill holes have been knocked over during a probe at its centrepiece Roche Dure deposit as the company looks to bolster its battery metal inventory.

AVZ Minerals has completed eight more extensional diamond drill holes at the company's Manono lithium project in Democratic Republic of the Congo as it looks to significantly increase its lithium resources and reserves. The eight holes constitute about a tenth of the total metres planned in the ongoing 15,000m program at the project's Roche Dure deposit with 40 more holes at a minimum depth of 200m to follow.

Our board moves wrap includes Peter Huljich and Alistair Stephens.

AVZ Minerals has extended the suspension of its shares after pushing out the target completion date for a company-defining deal for its lithium project in Africa.

Mineral explorer Kairos Minerals has beefed up its management with Peter Turner to take the reins as Managing Director and Klaus Eckhof taking a seat as Non-Executive Chairman. The addition of the duo reflects the company's commitment to accelerating the exploration campaigns at its WA lithium and gold projects. Turner's appointment will be effective from May 23rd and Eckhof has already commenced his role.

Junior gold and lithium explorer Kairos Minerals has appointed Klaus Eckhof and Peter Turner to lead the company.

The Democratic Republic of Congo Minister of Mines has signed a ministerial decree to award a mining licence to AVZ Minerals and its flagship lithium and tin deposit – hailed as one of the largest undeveloped hard rock lithium deposits in the world. The inking of the decree was the last of the procedural hurdles ahead of the official award of the licence the junior explorer so eagerly awaits.

AVZ Minerals' ongoing development of its flagship Manono lithium and tin project, about 500km north of Lubumbashi, in the Democratic Republic of Congo, has received a major shot in the arm after acquiring a positive technical opinion from the Department of Mines, clearing the path for an imminent decision on its mining licence at the operation.

Surging construction activity in the lithium sector will provide increased opportunities for local workshops and sub-contractors.

AVZ Minerals has announced the expeditated completion of a US$240m cornerstone investment from Chinese operator Suzhou CATH Energy Technologies for its Manono lithium-tin project in the Democratic Republic of Congo. According to the company the agreement provides certainty of funding to progress the venture, pending the award of a mining licence and collaboration development agreement from the local government.

Battery metals developer AVZ Minerals is set to plough $25 million into an early works program and exploration drilling campaign at its Manono lithium and tin project in the Democratic Republic of Congo in Central Africa. The outlay follows a $75 million cash injection from a heavily oversubscribed capital raise and aims to fund the company's shift to lithium production.

Congolese focused battery metals explorer, AVZ Minerals, is now a dual listed company after its shares commenced trading on the United States OTCQX financial market. The company says the listing will help it capitalise on growing US interest in its majority-owned Manono lithium and tin project. OTCQX is the world's largest market for over-the-counter securities.

AVZ Minerals has locked in $75 million from tier 1 global institutions in a heavily oversubscribed capital raise. The company issued 150,000,000 shares at $0.50 per share to fund the commencement of site works. A definitive feasibility study for the monster Manono lithium and tin project turned out a robust set numbers with a final investment decision expected to follow the approval of a mining license.

AVZ plans to spend $75 million raised from institutional investors to start early site works at its Manono project but conceded a mining licence was taking longer than previously anticipated.

AVZ Minerals has joined the newly established DRC Battery Council creating a strategic opportunity to promote battery, electric vehicle and renewable energy sector development in the DRC and Africa. AVZ was the only aspiring mining company invited to join the DRC Battery Council that is presided over by influential leaders including the President of the DRC.

AVZ Minerals has locked down US$400 million in funding, a new off-take partner and Chinese backers with very deep pockets and an intimate understanding of lithium battery manufacturing. It looks like it's game on now for AVZ's extraordinary Manono lithium project in the DRC after Suzhou CATH Energy Technologies agreed to pick up 24 per cent of the project for US$240 million and also stump up its share of the project's CAPEX.

Perth-based AVZ Minerals is set to have all required permits and licences approved by the Democratic Republic of Congo government in the coming weeks at its flagship Manono hard rock lithium and tin project. Final approval of the mining licence is due to follow propelling the company to the cusp of reaching bankable status amid intense global interest and the background of a green battery revolution.

ASX-listed central African lithium developer AVZ Minerals has completed four diamond drill holes on the Carriere de l'Este prospect at its flagship Manono hard-rock lithium and tin project in the Democratic Republic of Congo. Intercepts grading up to 2.49 per cent lithium oxide have extended the known lithium and tin mineralisation over an impressive strike length of 1.2km.

Central Africa lithium developer AVZ Minerals hopes to secure an all-important mining licence for its advancing flagship Manono hard-rock lithium and tin project in the DRC in the not-too-distant future as it builds relationships with the newly formed Congolese Government. The company says some timelines for regulatory approvals have been prolonged due to the change in the country's government earlier this year.

AVZ Minerals has unveiled a 41.6 per cent increase in the proved and probable ore reserves for the centrepiece Roche Dure deposit at its monster Manono hard-rock lithium and tin project in the DRC. Reserves now stand at 131.7Mt at average grades of 1.63 per cent lithium oxide and 990 g/t tin, up from 93Mt at 1.58 per cent lithium oxide and 988 g/t tin.