AVZ Minerals (ASX:AVZ) has hailed the arrival of a key sample in Perth as vital, with data from the testing to inform potential offtake talks and key plant design.
AT A GLANCE:
- 13 tonne bulk sample from Roche Dure arrives at laboratory in Perth
- Testing is expected to produce a spodumene concentrate, which can be taken to potential offtake partners for due diligence
- It is also expected to produce an estimate of tin and tantalum recoveries — with “several companies” already expressing an interest in Roche Dure tin and tantalum
AVZ Minerals (ASX:AVZ) should have more data to chew on as it moves forward on its Manono lithium project, as a key sample is now at the lab in Perth.
The lab will test the sample for lithium mineralisation, but also test a number of other factors which could impact positively on talks with potential offtake partners.
These include getting more data on tin and tantalum content at Manono — something which AVZ managing director Nigel Ferguson would provide vital input into plant design and offtake talks.
“This metallurgical work programme is expected to not only inform the plant design but also yield data vital to negotiations with potential offtake partners and financiers for the Manono Lithium and Tin Project,” he said.
Meanwhile, AVZ has appointed Michael Bourguignon as project manager for the Manono project. He comes with experience from the likes of Syrah Resources, Tiger Resources, and Perseus Mining.
THE LATEST FROM AVZ MINERALS:
ABOUT AVZ MINERALS:
AVZ has a 60 percent stake in Manono — which is the world’s largest undeveloped hard rock lithium project with an average grade above 0.5 percent.
Independent research by Roskill confirmed AVZ’s Manono has the capability to produce in excess of 300ktpa lithium carbonate equivalent, enough to meet all lithium demand in 2019 — although this study did not take into account the new numbers.
A scoping study created in October last year indicated that Manono could process 2 million tonnes of lithium oxide per year, producing 440,00 tonnes of concentrate per year with an average grade of 5.8 percent.
This content is produced by Star Investing in commercial partnership with AVZ Minerals. This content does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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