Lithium metal company, AVZ Minerals (ASX:AVZ) has confirmed the potential of its 60 per cent owned Manono Lithium-Tin-Tantalum Project in the Demoncratic Republic of Congo to become a world leader in the global lithium market.
Assay data from a number of drill holes in the area is encouraging.
The managing director says this is a significant advance for the project. Manono is now confirmed as the world’s largest lithium deposit with the second highest grade globally.
There is also an advantage in having a significant tin component to the company which could possibly help reduce operating costs as a by-product credit.
Shares in AVZ Minerals (ASX:AVZ) is trading flat at 14 cents.