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AVZ Minerals (ASX:AVZ) - Managing Director, Nigel Ferguson - The Market Herald
Managing Director, Nigel Ferguson
Source: Business News
  • AVZ Minerals (AVZ) has received independent verification that its proposed flow sheet for the Manono plant is technically feasible
  • The metallurgical testing also demonstrated the primary lithium sulphate produced from Manono spodumene concentrate is suitable for use as battery production feedstock
  • The results are an important confirmation of the proposed process for the plant and suitability of material from the Manono Project
  • AVZ holds a 60 per cent interest in the project in the Democratic Republic of Congo and is responsible for project expenditure until a decision to mine
  • Shares have been trading 4.9 per cent higher at 21.5 cents

AVZ Minerals (AVZ) has received independent verification of its proposed flow sheet for the Manono plant to produce lithium sulphate for the battery supply chain.

The company engaged a Canadian company, Kingston Process Metallurgy, to test each of the components in its proposed flowsheet for the lithium sulphate plant.

The testwork achieved both objectives, firstly confirming the process is technically feasible. Secondly, it demonstrated the process can readily produce primary lithium sulphate with a lithium content greater than 80 per cent.

The product is suitable for use as feedstock in the electrolytic production of lithium hydroxide monohydrate.

"It is pleasing to have independent confirmation of our proposed lithium sulphate plant process as well as verification that our product is suitable for feedstock for battery plants," said AVZ Managing Director Nigel Ferguson.

"KPM’s test work provides further confirmation that our high-quality Manono product is capable of producing clean primary lithium sulphate that is suitable for use in the production of batteries," he added.

AVZ holds a 60 per cent interest in the Manono Project, located 500 kilometres north of Lubumbashi in the Democratic Republic of Congo.

State-owned enterprise La Congolaise d’Exploitation Minière SA holds a 30 per cent interest, and privately owned company Dathomir Mining Resources SARL hold the remaining stake. AVZ is responsible for funding the project until a decision to mine.

AVZ shares have been trading 4.9 per cent higher at 21.5 cents at 10:17 am AEDT.


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