AVZ Minerals Provides an Update on Exploration

HIGHLIGHTS

  • Drill-hole MO18DD006 intersects the Roche Dure pegmatite as predicted and reports 284.47m* @ 1.52% Li2O and 846 ppm Sn.
  • Drill-hole MO18DD007 intersects the Roche Dure pegmatite as predicted and reports 272.65m* @ 1.56% Li2O and 631ppm Sn.
  • Drill-hole MO18DD008, drilled as a water-bore in the Manono sector misses water but hits pegmatite, intersecting 71.8m* @ 1.25% Li2O and 1113ppm Sn. Hole terminated at 149.5m.
  • Company to continue drilling during June to maximise the initial JORC mineral resource to be completed in July.

AVZ Minerals Limited provide an update on exploration of the Manono Lithium Project in the Democratic Republic of Congo, including progress of the initial 20,000m resource drilling program.

Drill-hole MO18DD006 was drilled on section line 6900mN approximately 100m south west of MO18DD001, 002, 003 and 004 of line 7000mN as reported in the ASX announcement dated 30 April 2018, while MO18DD007 was drilled on section line 7000mN underneath the drill holes reported on the 30 April 2018, essentially replacing MO18DD005 which was terminated.

Drill Hole MO18DD008 was drilled in the Manono sector searching for a water source for the exploration camp.

AVZ’s Executive Chairman Klaus Eckhof commented “Assay results again confirm the consistency of the Roche Dure pegmatite which continues to be defined through diamond drilling with excellent recoveries. The drilling data set is now building nicely and will be forwarded to the independent consultants in June allowing a maiden resources calculation to be completed in July.”


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