AVZ Minerals becoming a world leader in lithium | Finance News Network

AVZ Minerals becoming a world leader in lithium

Company News

by Rachael Jones

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. 
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.