New kids on the African block

SOME of the appetite for Africa-focused stories dissipated during the downturn, but as things have recovered, so too has the interest with a bunch of fresh junior stories emerging that weren’t around this time last year.

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Whether it be a recapitalisation, new board, float or just a new name, there was a fresh influx of juniors back to various African countries in the past year.

Ahead of the start of Investing in African Mining Indaba today, MNN looks at some of the newer stories.

AVZ Minerals

Arguably the most heavily promoted mining stock on the ASX, AVZ Minerals acquired a 60% in the Manono project, a historical tin mine, in the Democratic Republic of Congo early last year.

Manono has been described as the “Escondida of lithium” and the “Saudi Arabia of lithium” by its backers but the project does not yet have a resource.

That hasn’t stopped the stoc...