AVZ Minerals Limited (ASX: AVZ) (OTCQX: AZZVF) is pleased to announce receipt of a positive technical opinion from the Department of Mines, paving the way for an imminent decision on award of the Mining Licence for its flagship Manono Lithium and Tin Project (“Manono Project”).
The process for the award of the Mining Licence requires the satisfaction of four key elements: Environmental approval; Proof of financial capability; Favourable cadastral opinion; and Favourable technical opinion, with the Manono Project receiving favourable outcomes on all points, paving the way for an imminent decision on award of the Mining Licence.
AVZ’s Managing Director, Mr. Nigel Ferguson, said: “The receipt of the favourable technical opinion for the DFS is the final procedural hurdle ahead of the Minister of Mines pending decision on the award of the Mining Licence which we now eagerly await. This will also be the catalyst to advance the Collaboration Development Agreement which will underpin the partnership between the Government and the developers of the Manono Project.”
This announcement was authorised for release by Nigel Ferguson, Managing Director of AVZ Minerals Limited.
Disclaimer: AVZ Minerals is a paid marketing client*