‘It’s actually this big’: AVZ extends its lithium target in the Congo again
AVZ Minerals says it “Roche Dure” lithium target now runs for over 800m, after drilling delivered more high-grade hits.
Drilling at the Manono project has returned a hit of 283.2m at 1.69 per cent lithium and 905 parts per million tin from 75m.
AVZ is undertaking a 20,000m drilling program that has delivered several 200m-plus intersections along with a record intersection of over 300m.
The Roche Dure target is one of the two biggest pegmatites in the project.
Pegmatites are rocks formed from lava or magma that are the primary source of lithium.
“The thinning of the pegmatite towards the southwest was expected, however thicknesses remain significant in terms of overall tonnage potential that can be added to the mineral resource estimate, to be reported soon,” boss Nigel Ferguson said.
AVZ is preparing to release a maiden resource for the Manono project this month.
Shares added 5 per cent to trade at 10.5c this morning.