EXPLORATION & DEVELOPMENT

AVZ scopes big option for Manono

SCOPING of development options for AVZ Minerals’ huge, 60%-owned Manono lithium project in Democratic Republic of Congo shows about US$400 million could be needed for a five million tonne per annum development with an NPV of $2.6 billion and an IRR of 64%.

 There's no shortage of lithium or blue sky at Manono

There's no shortage of lithium or blue sky at Manono

AVZ used a lithium concentrate price of $750 per tonne in its assessment. In terms of costs, transporting the concentrate 1000km to Tanzania's Dar es Salaam is estimated to cost $223/t, more than two-thirds...

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