Virtual exhibitor

AVZ Minerals is an Australian lithium developer, which has been able to present a very economic feasibility study for the Manono Lithium Project (hard rock) as early as April 2020. The Manono Project is the world's largest lithium deposit and has a highly lucrative after-tax Internal Rate of Return (IRR) of 33%. AVZ has the option to increase its project share to 75% of Manono - 25% is held by the Congo government. If the option is exercised, the net present value (NPV10) would increase to over $1.7 billion before taxes. The high grade, lithium-bearing spodumene minerals and the thickness of the mineralization zones, which extend evenly over 13km of pegmatites up to 240m in length and thickness, are the reasons for the exceptionally good valuation figures. The Manono mine is expected to cost $545 million and has already been in operation for at least 20 years. The lithium and the valuable by-products tin, tantalum and niobium will be transported to various ports via regulated land routes. The first battery manufacturers are already securing their share with purchase agreements from China and Japan. This is because lithium production from salt lakes in other countries has come under increasing environmental criticism in recent years. The long mine life and environmentally friendly mining clearly speak in favor of mining operations at Manono.