AVZ ups stake in DRC lithium/tin project to 75%

DEMOCRATIC REPUBLIC OF CONGO – AVZ Minerals has revealed that it will boost its equity stake in the Manono lithium/tin project, potentially one of the world’s largest lithium-rich LCT (lithium, caesium, tantalum) pegmatite deposits  in the Democratic Republic of Congo (DRC), to 75% in a $15.5-million share sale purchase agreement. The Australian Security Exchange (ASX)-listed company will buy an additional 10% equity stake in the project from its joint venture partner, Dathomir Mining. Under the agreement, AVZ has paid $500 000 to Dathomir Mining as an advance payment. “The recently…

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