AVZ Minerals has released a maiden mineral resource for the Manono project in the Democratic Republic of Congo (DRC), establishing the site as a major site for lithium production.
AVZ owns 60 per cent of the lithium-tin-tantalum project in the DRC’s Tanganyika province, and hosts the large Roche Dure pegmatite. The other stakeholders are DRC-state owned Cominiere (30 per cent), and Dathomir Mining Resources (10 per cent).
AVZ reported total measured, indicated and inferred resources of 259.9 million tonnes (Mt) at 1.63 per cent spodumene for 4.25Mt of lithium oxide. In addition, the company reported a sizeable measured and indicated tin resource of 871 parts per million (ppm) and 844ppm from 43Mt and 104.7Mt of ore, respectively.
AVZ managing director Nigel Ferguson called it a significant advance for the project, which he called the world’s largest lithium deposit with the second-highest grade. Talison Lithium’s Greenbushes project in Western Australia is generally considered to host the world’s highest grade lithium resource.
“Manono is now confirmed as the world’s largest lithium deposit, with the second highest grade globally,” he said.
“Additionally, there is considerable advantage in having a significant tin component which should help to reduce operating costs by providing a valuable by-product credit.”