AVZ Minerals’ resource drill out continues to impress with broad drill intersections of pegmatite from the Roche Dure pit floor at the massive Manono lithium and tin project in the Democratic Republic of the Congo that the company says is predicted to spit out an incredible US$400 million a year in average EBITDA, should it proceed to development.
The eye-catching EBITDA in last year’s definitive feasibility study on Manono was calculated based on 100 per cent ownership of the asset. AVZ currently holds 60 per cent of the project and has an option to move to a 75 per cent interest.
Notable new intersections included 173m going 1.63 per cent lithium oxide and 1,134 parts per million tin from surface and 95m at 1.52 per cent lithium…