The first drill rig should be starting to turn this week on site. Expect the share price to only go up from here as day and short-term traders rush in to capitalise on pending results. - Strong Buy
Key Upcoming Price Catalysts
-----------------------------
1. AVZ Execs in Canada with major funds & instos now;
2. Commencement of Drilling-Mid Jan with 5 rigs on site
3. Major Chinese groups visiting at site
4. AVZ at Indaba
5. Regular assay results from drilling
6. Maiden JORC - 2nd Quarter 2018
7. ASX 300 in March 2018 S&P index rebalancing,
Recent Diamond Drilling
--------------------------------
Manono has the potential to host one of the world’s largest lithium rich pegmatite deposits.
Initial diamond core drilling of 1,734m complete in June 2017, testing four of the six large
pegmatites at Manono.
Results from diamond drill core include:
• 250.9m* @ 1.48% Li2O, 913ppm Sn (Carriere de L’Est Pegmatite)
• 235.0m* @ 1.66% Li2O, 1001ppm Sn (Roche Dure Pegmatite)
• 202.8m* @ 1.57% Li2O, 1078ppm Sn (Roche Dure Pegmatite)
• 65.9m* @ 1.51% Li2O (Tempete Pegmatite)
• 45.7m* @ 1.59% Li2O, 1230ppm Sn (Mpete Pegmatite)
Manono project had 72 years mining (tin) history, historical drillings were up to about 125m depth.
Corporate Snapshot
------------------------------
Shares on issue: 1,787,589,014
Options on issue: 461,450,057
Cash position as at 31/12/2017: $12.9m
Major Shareholders
---------------------
Dathomir 13.6%
Huayou Colbalt Group - 10.4%
Key Upcoming Price Catalysts
-----------------------------
1. AVZ Execs in Canada with major funds & instos now;
2. Commencement of Drilling-Mid Jan with 5 rigs on site
3. Major Chinese groups visiting at site
4. AVZ at Indaba
5. Regular assay results from drilling
6. Maiden JORC - 2nd Quarter 2018
7. ASX 300 in March 2018 S&P index rebalancing,
Recent Diamond Drilling
--------------------------------
Manono has the potential to host one of the world’s largest lithium rich pegmatite deposits.
Initial diamond core drilling of 1,734m complete in June 2017, testing four of the six large
pegmatites at Manono.
Results from diamond drill core include:
• 250.9m* @ 1.48% Li2O, 913ppm Sn (Carriere de L’Est Pegmatite)
• 235.0m* @ 1.66% Li2O, 1001ppm Sn (Roche Dure Pegmatite)
• 202.8m* @ 1.57% Li2O, 1078ppm Sn (Roche Dure Pegmatite)
• 65.9m* @ 1.51% Li2O (Tempete Pegmatite)
• 45.7m* @ 1.59% Li2O, 1230ppm Sn (Mpete Pegmatite)
Manono project had 72 years mining (tin) history, historical drillings were up to about 125m depth.
Corporate Snapshot
------------------------------
Shares on issue: 1,787,589,014
Options on issue: 461,450,057
Cash position as at 31/12/2017: $12.9m
Major Shareholders
---------------------
Dathomir 13.6%
Huayou Colbalt Group - 10.4%