Western Australian based company AVZ Minerals Limited’s (AVZ) 60 per cent owned Manono deposit has been confirmed as the largest measured and indicated lithium resource in the world.
The Manono Project is located approximately 500 kilometres north of Lubumbashi in the south of the Democratic Republic of Congo in central Africa.
The project covers approximately 88 square kilometres and hosts lithium pegmatites with a strike length of over 13 kilometres.
AVZ has announced a 41.7 per cent increase in Manono’s combined Measured and Indicated Resources, up from 189.8 Million tonnes (Mt) to 269.0 Mt. ANZ has stated that overall tonnage remains unchanged, but the Mineral Resource confidence has improved significantly with 67 per cent of total Mineral Resources now classified as Measured and Indicated – up from 47 per cent previously.
AVZ’s Managing Director, Nigel Ferguson said this resource upgrade represents another major step forward in the company’s plans for development of the Manono Project.
“This update provides further assurances as to the demonstrated world-class scale, grade and nature of the Manono Project,” he stated.
“We are encouraged by the results of the upgrade in resource categories which were expected given the results of the drilling program. This ongoing work shows us that Manono will continue to grow significantly and will be underpinned by a high grade Measured and Indicated Mineral Resource for most of the Roche Dure pegmatite drilled to date.”
“With Manono confirmed as the world’s largest lithium deposit, we are increasingly confident that the project will continue to develop into production and potentially become a world leading source of lithium and tin,” he commented.
The Manono Project is owned by AVZ Minerals Limited (60 per cent), State-owned enterprise, La Congolaise D’exploitation Miniere SA (30 per cent) and privately owned-company, Dathomir Mining Resources SARL (10 per cent).
More information on Manono can be found here.