AVZ Minerals Signs MOU with Beijing National Battery Technology

AVZ Minerals Limited (ASX: AVZ) has announced that it has signed a Memorandum of Understanding (“MOU”) with Beijing National Battery Technology Co., Ltd. (“BNB”) for potential investment and off-take opportunities with the Company. Beijing National Battery Technology Co., Ltd (www.nationalpower.com.cn) is headquartered in Beijing, China, and holds the dominant market position for the supply of batteries to China’s bus industry. The company holds more than 300 patents and has 6 high-performance lithiumion battery production lines in Henan, Zhejiang, Hubei and Jiangxi and other regions with annual production capacity in-excess of 3 billion AH. BNB has a strong focus on rapidly expanding its battery manufacturing capacity and securing long-life, low-cost lithium supply is seen as a critical part of their strategy. Discussions with BNB have been on-going for a number of months, and as part of BNB’s already-in-progress due diligence, the Company has extended an invitation to visit its operations in the Democratic Republic of Congo to help facilitate a proper appreciation of the enormous potential of the Manono Lithium Project. AVZ’s Executive Chairman Klaus Eckhof commented: “We are extremely excited to progress discussions with a company the size and calibre of Beijing National Battery Technology. The level of interest we are seeing in the Company following our recent record drill results, confirms once again the Manono Lithium Project as a world-class asset


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s