Bannerman Resources

ASX-listed AVZ Minerals has shifted gears quickly into the planning and execution phase of its giant Manono lithium and tin project just a couple of weeks after tabling a definitive feasibility study for the project that shows an amazing AUD$600m per year in EBITDA for at least the next 20 years. AVZ’s technical team is now putting effort into seeking tenders from companies identified in the DFS for various work packages required for the construction phase.

AVZ holds a 60 per cent stake in the Manono project, located in southern Democratic Republic of Congo. Photo: AVZ Minerals facebook twitter linkedin print AVZ Minerals will receive a further investment from China-based Yibin Tianyi to progress its flagship lithium project in Central Africa under a $10.5 million placement, while also receiving commitments to raise a further $5.3 million. To read more, please Login below or Subscribe.

After a bit of a false start that looked like it would be knocked back by the Australian Government Foreign Investment Review Board, lithium hopeful AVZ Minerals will finally get a substantial investment from Chinese lithium giant, Yibin Tianyi, however it won’t be the $14.1M initially contemplated. Yibin Tianyi will instead take up a $10.M placement in AVZ at 4.5c a share that will see it holding some 9 per cent of AVZ post placement.