@TheGermanOne86 @BatteryDrc AVZ discovered the lithium at Manono
Produced assays, JORC resource of 842Mt @ 1.61%
Paid all development costs
Produced DFS & BFS Reports
Arranged off-take for the lithium & tin
Fulfilled all requirements for PE13359, granted the Mining Decree
Won all @iccwbo@icsid cases
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🚨 $AVZ Shareholders – Major Legal Victory Secured! 🚨
I completely understand the frustration many of us have felt over the past few years ...the waiting, the noise, and the uncertainty. But today’s news changes everything…
AVZ Minerals has just won its ICC arbitration against Dathomir. ✅
The tribunal ruled our acquisition of the 10% stake in Dathcom was valid, Dathomir’s counterclaims were rejected, and they’ve been ordered to pay AVZ approx AUD $1.8M in costs.
Let that sink in:
This win confirms AVZ now legally holds at least 70% of the company that owns PR13359 ...the mining licence for the world-class Manono Lithium & Tin Project. 💥
This judgment alone validates the true value of AVZ Minerals. It adds serious weight to any discussions with potential suitors or JV partners keen to take Manono to mine.
💸 Dathomir, Jin Cheng (Zijin), and Cominiere have now all suffered major legal setbacks. AVZ is winning every case, step by step.
And yes ... it looks like AVZ may now be entitled to circa US$50 million from the opposing parties. One would assume interest accrues if this isn’t paid promptly. That’s no small pocket change.
📈 In my opinion, this puts us in prime position. Suitors are watching! Negotiations are progressing.
👉 AVZ has retained flexibility and optionality to move forward in ways that best serve shareholders. Read between the lines...this isn’t just a legal win, it's a strategic shift!
Hang in there $AVZ shareholders... the tide has well and truly turned. 🌊
All IMO & DYOR
After a recent temporary suspension of procedings between @AvzMinerals $AVZ and the #DRC AVZ claims the DRC did not engage in negotiations as agreed.
The ICSID proceeding will now resume.
When will the DRC government take this matter seriously? As a country they already missed one opportunity. When #lithium rebounds will they actually gain any benefits for the poor in DRC? Once again an African country disregarding it's own people for the greed of a few.
This matter should have been resolved by all parties in Beijing long ago. There are good people in the PRC in positions of power that I'm sure would be open to real negotiations. Leaving it to the DRC and opportunists helps no-one.
Just a little reminder.... $AVZ @KoBold_Metals@USA
2022/23 Drilling results AVZ...
459.8 m @ 1.48 %Li20
341 m @ 1.86 % Li2O
Open to depth ...1.2 Billion t Exploration target !
A monster in the making...