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AVZ MINERALS LIMITED (ASX.AVZ)

ASX Announcements (courtesy of ASX)

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ASX, Legal & CGT Status

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(updated at weekends)
Former (or subsequent) names
CompanyFROMTO
AVZ MINERALS LIMITED11/12/2012
AVONLEA MINERALS LIMITED11/12/2012
Shareholder links
Our website ranking of AVZ: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details
ISIN: AU000000AVZ6
Address: 35/4 Ventnor Avenue, West Perth, Western Australia 6005
Tel:  + 61 8 6186 7600 Fax: + 61 8 6118 2106

Date first listed: 14/09/2007

Sector: Materials
Industry Group: XMJ
Activities: Mineral exploration

Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

10/07/2024

delisted by ASX under Listing Rule 17.12

13/05/2024

we understand ASX removed the company from listing because its securities have been suspended from quotation for a continuous period of two years

13/05/2024

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

30/04/2024

The AVZ board has resolved not to seek reinstatement on the basis a reinstatement at this time would not be in the best interests of AVZ shareholders. The AVZ board's view is based on the following key reasons: the DRC Government's failure to comply with the interim orders made in the Company's favour by the International Center for Settlement of Investment Disputes tribunal on 16 January 2024; Cominière's failure to comply with the emergency orders made against it including the grant of emergency orders in the Company's favour by the International Court of Arbitration of the International Chamber of Commerce tribunal on 5 May 2023 and on 15 November 2023 in ICC Case 27720; the other key disputes to which the Company or a member of its corporate group is a party are ongoing; and operating as a listed entity gives rise to inherent complications for the Company as it seeks to advance its strategy for the resolution of the key disputes and the advancement of the development of the Manono Project.

30/04/2024

Since entry into the Term Sheet, the Company has been working closely with Locke whilst it carries out due diligence on the Company and its various legal actions and to agree documentation to give effect to the funding facility. Locke has substantially advanced its due diligence process and is now working through a relatively small number of outstanding issues. To enable the parties sufficient time to complete the remaining stages of due diligence, seek final approvals and negotiate and agree the facility documents, the Company and Locke have agreed to extend the exclusivity period to 31 May 2024.

02/04/2024

On 15 March 2024, the ICC tribunal found in favour of AVZI, ruling that, for the urposes of jurisdiction, the status of a shareholder in Dathcom is determined by ts registration in Dathcom's internal share register and that the ICC tribunal didnot have jurisdiction to preside over the proceedings commenced by Jin Cheng. The ICC tribunal held that Jin Cheng's recourse to arbitration was unjustified, and ordered that Jin Cheng reimburse AVZI USD 75,000 in respect of its arbitration costs and AUD 813,474 in respect of defence costs, and that it bear its legal costs (in excess of €3 million). The decision is entirely consistent with the position maintained by the Company, that is, that it holds clear legal title to a 75% interest in Dathcom and a continuing pre-emptive right over 15% of Cominiere's 25% interest in Dathcom.

19/03/2024

The company lodges its Half Yearly Report and Accounts.

15/03/2024

The company provides an update on the following; title dispute, Dathcom JV dispute, Jin Cheng dispute, Dathomir dispute, and Fat Tail dispute.

13/03/2024

The company releases a notification of cessation of securities.

05/03/2024

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

31/01/2024

Mineral Resource delineation drilling at Roche Dure adds a further 268 million tonnes (Mt) to the Manono Lithium and Tin Project. Mineral Resource update reinforces AVZ's 75% owned Manono Project, one of the world's largest hard rock lithium projects. Completion of Mineral Resource estimates following on the Early Works 2022 "“ 2023 53-hole diamond drilling programme for some 15,684.7m, generates the following: a 47% increase in the Manono Project's (Roche Dure and Carriere de l'Este) Measured, Indicated and Inferred Mineral Resource tonnage to 842Mt grading 1.61% Li2O, 709ppm Sn and 37ppm Ta containing 13.52Mt of lithium oxide; A 67% increase in the Roche Dure Measured, Indicated and Inferred Mineral Resource tonnage to 669Mt grading 1.61% Li2O, 690ppm Sn and 33ppm Ta containing 10.79Mt of lithium oxide; an 82% increase in the Roche Dure Measured & Indicated Resource to 500Mt at 1.63% Li2O, 755ppm Sn and 34ppm Ta containing 8.14Mt of lithium oxide and 377kt of tin; an increased confidence level, with 75% of the Roche Dure Mineral Resource now classified as Measured & Indicated. In addition to Sn, Ta and Li2O, CSA Global estimated Fe2O3, a potentially deleterious element, at an average of 1.01% Fe2O3 for the Project. The Manono Project Mineral Resource includes all results from the FY23, 53-hole Early Works drilling programme added to the recently reported Carrier de l'Este Mineral Resource estimate. The higher confidence tonnages are expected to increase the potential life of mine as will expected decreasing waste to ore stripping ratios resulting from the significant flattening of the deposit in the northern 500 metres of the newly completed geological model.

31/01/2024

On 16 January 2024, the ICSID tribunal made interim orders to the effect that the DRC take necessary steps to reflect that Dathcom is the holder of PR 13359 and to protect AVZI, GLH and Dathcom's rights during the pendency of the proceedings. The ICSID tribunal's decision to grant provisional measures is an interim decision. It does not involve any final conclusion as to the merits of the case, which remain to be determined in the substantive proceedings.

18/01/2024

The Company and its subsidiary applied to the International Chamber of Commerce in the case ICC 27401 for emergency measures against Dathomir Mining Resources SARL to preserve the status quo, pending the outcome of the Dathomir arbitration proceedings, including an injunction compelling Dathomir to withdraw the application to the Commercial Court of Lubumbashi seeking a judgment to wind-up Dathcom Mining SA. On 18 December 2023, the arbitral tribunal made an order to the effect of the above. Dathomir must now "take the necessary measures in order to withdraw from the case pending before the Commercial Court of Lubumbashi (RAC 3268) prior to its hearing dated December 20, 2023".

19/12/2023

Initial Mineral Resource for the Carriere de l'Este Pegmatite is reported as 173 million tonnes at 1.58% Li2O, 785ppm Sn and 52ppm Ta. 43% increase in Manono Project total Mineral Resources to 574 million tonnes @ 1.63% Li2O Cementing its place as the world's largest hard rock lithium deposit. Independent Maiden Inferred Mineral Resource Estimate for the Carriere de l'Este deposit of 173Mt @ 1.58% Li2O, 785ppm Sn and 52ppm Ta containing 2.7 million tonnes of contained Li2O reported above a cut-off grade of 0.5% Li2O. The Carriere de l'Este Maiden Resource Estimate is based on surface mapping and sampling, an initial metallurgical test work programme and 11 wide spaced reconnaissance diamond drillholes for 3,853.31m of drilling. In addition to Sn, Ta and Li2O, CSA Global has also estimated Fe2O3, a potentially deleterious element, at an average of 1.04% Fe2O3. The Carriere de l'Este Maiden Mineral Resource was estimated over a 1.2 km strike length. The pegmatite body joins with the Malata Pegmatite to the north-east but remains open to the south-west and down dip. When combined with the existing Mineral Resource Estimate in respect of the Roche Dure deposit, the delineation of the Carriere de l'Este Mineral Resource represents a 135% increase in the total Inferred Resources for the Manono Project, from 128 to 301 million tonnes @ 1.61% Li2O.

18/12/2023

Fat Tail filed an originating process on Friday 15 December 2023 commencing proceedings in the Supreme Court of Western Australia against the Company and two of its directors, Mr Nigel Ferguson and Mr John Clarke. The proceedings brought by Fat Tail allege the Company has engaged in oppressive conduct against shareholders and that Mr Ferguson and Mr Clarke have engaged in misleading or deceptive conduct. Fat Tail seeks orders that Mr Ferguson and Mr Clarke be removed as directors of the Company and not be eligible for re-election for 24 months or such other period ordered. The Company remains focussed on its strategy to advance the development of the Manono Project.

18/12/2023

The company releases a notification of cessation of securities.

11/12/2023

The Company provides additional information regarding the voting outcomes of its AGM on 23 November 2023. The Company is aware of attempts by Fat Tail to undermine the AGM outcome. The voting outcomes for the Fat Tail Nominees are notwithstanding (and seemingly a response to) the extensive and coordinated campaign run by Fat Tail and its associates under the campaign name "˜Make Manono Great Again'. The AGM outcome is a clear reflection of the will of the Company's shareholders, a strong endorsement of the Board and its strategy and a rejection of Fat Tail and the MMGA campaign. The Company is continuing to investigate the conduct of certain third parties and the unauthorised disclosure of confidential and privileged information over the past 12 months1, particularly in light of the voting information available to the Company following the AGM, and importantly as to whether there are any regulatory implications of such conduct.

29/11/2023

The company releases its AGM Results. There is a strong vote of confidence of both the Board and its clear and considered strategy to advance the development the Manono Lithium and Tin Project (Manono Project) in the Democratic Republic of the Congo (DRC) for the benefit of Shareholders and most importantly, the people of Manono and the DRC. With the endorsement from shareholders of this strategy, the Company will continue to pursue the ICC and ICSID proceedings until the Company procures a negotiated resolution on reasonable terms. The US$20m litigation funding term sheet signed with Locke Capital on 17 November 2023 provides a pathway to securing the necessary liquidity to pursue the Company's legal strategy.

24/11/2023

AVZ is pleased to report, on 15 November 2023, the ICC emergency arbitrator ordered that: Cominière must not take any steps to explore and exploit, directly or indirectly, within the perimeter of PR 13359 and PR 15775 until such time as the ICC tribunal in charge of determining the validity of the termination of the Dathcom JVA hears this issue; Cominière pay a fine of €50,000 per day for any non-compliance with the order; and Cominière must pay the ICC's administrative costs and part of the legal costs of AVZ's subsidiaries. In relation to the provisional measures application, the ICC tribunal has directed that: Dathomir file its defence on 17 November 2023; AVZ and AVZI file any reply on 27 November 2023; and Dathomir file its rejoinder on 7 December 2023. The ICC tribunal indicated it will rule on AVZ and AVZI's application for provisional measures on 19 December 2023. In respect of the broader arbitration proceedings against Dathomir: each of AVZ and AVZI confirm they filed their statement of claim on 11 November 2023 (on the merits of ICC arbitration proceeding (ICC No. 27401/SP). Dathomir's defence is due to be filed on 4 March 2024. For the Jin Cheng arbitration: post-hearing briefs to be filed on 24 November 2023; and statement of costs to be filed on 8 December 2023; and subject to the proceedings, draft award to be provided to ICC in late January 2024.

17/11/2023

At the first directions hearing in respect of the ICSID proceedings, which was held on 6 November 2023, the parties made submissions in relation to the programming of the proceedings and are awaiting the decision of the ICSID tribunal in relation to the programming milestones. In the absence of steps being taken to address these developments, AVZI, GLH and Dathcom have been forced to seek provisional measures including an urgent order to preserve the status quo and an order to confirm or restore ownership of PR 13359 to Dathcom. The proposed signing of a binding memorandum of understanding would provide for a stay of the ICSID proceedings while the DRC Government takes the necessary steps to comply with the DRC Mining Code at which time the ICSID proceedings could be withdrawn.

15/11/2023

The Board of Directors of the Company has adopted a Conflict of Interest Policy. The policy essentially re-enforces each Director's legal duties and obligations by establishing a protocol under which each Director is required to disclose certain interests and advise the Board in circumstances where a potential conflict of interest arises. The policy also sets out the procedures to be followed where the Chairman of the Board determines that a Director's interest in a matter is sufficiently material or would result in a conflict of interest occurring.

07/11/2023

In relation to the Dathomir dispute, AVZ makes the following observations. Dathomir has never had any legal right to seek a variation of the purchase price under the 2019 SPA and the 2020 SPA and no right to terminate the 2019 SPA and the 2020 SPA. Regarding the criminal proceedings, AVZ maintains there was no forgery as there is no evidence of forgery. As for the ICC proceedings, based on the limited materials filed to date by Dathomir in the 2019 SPA Proceedings and the 2020 SPA Proceedings, AVZ considers that AVZI has strong prospects of success. AVZ is not opposed to a negotiated resolution of the Dathomir dispute with a view to expediting development of the Manono Project. A negotiated resolution with Dathomir could only occur on the basis that the criminal complaints by Dathomir and Cominiere are withdrawn and it is conceded by Dathomir that AVZI validly acquired the shares on or about 13 August 2021 so that the baseless criminal sanctions imposed at Dathomir's behest can be set aside. Such is the complexity of the 'fair and equitable' resolution being pursued by AVZ that Fat Tail also suggests is appropriate.

02/11/2023

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

31/10/2023

The company releases its 2023 AGM - Supplementary Booklet.

31/10/2023

The Company, via its subsidiaries, has resolved to file an emergency arbitration application under ICC rules seeking injunctive relief against Cominière to enjoin the state owned company from conducting, directly or indirectly, any transaction regarding PR13359 and PR15775 and, generally, to perform certain actions with a view to maintaining and preserving the rights of Dathcom Mining SA while the arbitration on the merits is pending. The application will also seek an increase of the amount of the daily penalty ordered by the Emergency Arbitrator's Order dated 5 May 2023. Cominière's recent actions purporting to terminate the Dathcom joint venture agreement dated 17 January 2017 as varied from time to time, to act as the holder of PR13359, and to attempt to monetise said mining rights with third parties all constitute violations of the terms of the Emergency Arbitrator's Order dated 5 May 2023.

30/10/2023

The Company's 2023 AGM will be held at Novotel Perth Langley, Ballroom South, 221 Adelaide Terrace, Perth, Western Australia on Thursday, 23 November 2023 at 2.00pm (WST).

24/10/2023

The company releases its Corporate Governance Statement and Appendix 4G.

24/10/2023

The company lodges its Annual Report to shareholders.

24/10/2023

The company provides an update via its website with respect to the recent conduct of the Fat Tail nominees.

23/10/2023

On 4 September 2023, the Board received three director nominations from Fat Tail Holdings Pty Ltd nominating Peter Huljich, Ty Ludbrook and Michael Carrick pursuant to clause 14.3 of the Constitution for election to the board of directors of the Company at the Company's 2023 annual general meeting to be held on 23 November 2023. Following the Company's announcement on 6 September 2023, the Company received a number of additional director nominations from Shareholders. Following receipt of the director nominations, the Board has carefully considered all candidates against the requirements of the AVZ Board.

18/10/2023

The company issues a response to recent media speculation and shareholder communications from Fat Tail. The Fat Tail Nominees are not endorsed by the AVZ board of directors and have made several inaccurate claims regarding the Directors and the Manono Lithium and Tin Project located in the Democratic Republic of Congo. The AVZ Board is concerned by this targeted campaign against the Company, which it believes is not in the best interest of all shareholders, but instead, orchestrated to be in the interests of the Fat Tail Nominees or parties associated with them. AVZ wishes to correct and clarify certain inaccurate claims made by the Fat Tail Nominees in respect of the following matters: AVZ's relationship with key officials in the DRC Government and community stakeholders; Ownership of PR 13359 (the exploration permit that comprises the Manono Project); Ownership of a 15% interest in Dathcom Mining SA; Importance of the arbitration strategy 5. Lubumbashi High Court ruling; AVZ's corporate governance.

09/10/2023

AVZ International Pty Ltd has objected to jurisdiction in the matter, on the basis that Jin Cheng is not entitled to have recourse to arbitration in particular because it is not a shareholder of Dathcom as the purported acquisition of its 15% shareholding from Cominière was ineffective and occurred in contravention of AVZI's pre-emptive right. A hearing on the AVZI's jurisdictional challenge took place on 5 and 6 October 2023 before the Arbitral Tribunal in Paris. The parties' counsel will review and agree on the transcripts, and AVZ and Jing Cheng will submit post hearing briefs. The Sole Arbitrator will determine a procedural timeline in the coming weeks at which time the Company will provide an update.

09/10/2023

The company lodges its Full Year Statutory Accounts.

29/09/2023

The company provides an update regarding the various arbitration proceedings relating to the Manono Project.

27/09/2023

The company releases the Corporate Presentation delivered by AVZ's Director of Corporate Affairs, Mr Serge Ngandu at the Battery Metals Forum, DRC "“ Africa.

20/09/2023

The company's AGM is scheduled to be held on 23 November 2023. Valid nominations for the position of director must be received by the Company on or before Thursday, 5 October 2023. As at today's date it has received nominations from Peter Huljich (former director of the Company), Michael Carrick and Ty Ludbrook, which have been submitted by Fat Tail Holdings Pty Ltd (an entity associated with Peter Huljich) that holds 0.14% of the Company's issued capital.

06/09/2023

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

31/07/2023

The company releases a notification of cessation of securities.

20/07/2023

The Company confirms that the parties to the TIA remain committed to the completion of the TIA. The TIA remains valid until either the completion or cancellation by the parties in accordance with the terms of the TIA.

03/07/2023

Results from the fifth and final consignment of 36 drillholes out of 53 resource drill holes from the Roche Dure extension drilling program: 927 samples returned values greater than 2% Li2O; 134 samples returned values greater than 3%; and 14 samples returned values greater than 4% Li2O with the highest value being from hole MO22DD035 from 61.0 to 63.0 metres downhole grading 4.89% Li2O. The Roche Dure Extension drillhole database is now complete and updated and has been forwarded to our independent consultants. Significant high-grade intersections include, for example, 341.6m @ 1.86% Li2O between 207.7m to 549.3m in hole MO22DD030 on section 7,900m north. Some areas of late-stage alteration of the pegmatite were noted again with lower Li values but these are balanced with significant thicknesses of +2% Li2O elsewhere.

30/06/2023

Jin Cheng have argued that they require a further postponement of the hearing dates, primarily as they require further time to address allegations raised in the IGF Report dated 30 November 2022 that was referred to in the Company's submission to the ICC dated 5 May 2023. The Sole Arbitrator determined that a short continuance was appropriate, strictly limited to a response to the issues raised in the IGF Report, and that the Parties should discuss and agree on a "tight" procedural calendar bearing in mind that a hearing should be held in September and not later than early October. The Company is disappointed in Jin Cheng's continued stalling tactics, but remains of the view that its jurisdictional challenge will be successful, which will affirm that Jin Cheng does not have the right to instigate the ICC arbitration proceedings against AVZI as it is not a shareholder in Dathcom.

21/06/2023

AVZ International Pty Ltd, Green Lithium Holdings Pte Ltd along with Dathcom Mining SA have jointly lodged a request to commence international arbitration proceedings against the Democratic Republic of Congo pursuant to the Convention on the Settlement of Investment Disputes between States and Nationals of Other States in the International Centre for Settlement of Investment Disputes located in Washington, D.C. in the United States of America, with registration of the Arbitration Request confirmed today. The main purpose of the ICSID Arbitration Request is to seek various remedies for the failure of the DRC and its administrative departments, to comply with obligations under the DRC Mining Code, in particular in the implementation of the various measures that should have led to the issuance of an Operating Permit to Dathcom resulting from the Research Permit "PR 13359", for the development of the Manono Project. The Claimants submit that the direct consequence of this failure, which is not an isolated act, is the blocking of the development of the Manono Project. As a result, the impact on Dathcom's principal asset and more generally, on the Claimants' and the Company's investment, is severe. The Company considers the conduct of the DRC to be unlawful and the Company, together with the Claimants, will take all actions necessary to protect the interests of its stakeholders.

09/06/2023

AVZ International Pty Ltd and Green Lithium Holdings Pte Ltd which are both wholly-owned subsidiaries of AVZ Minerals Limited and have legal title to AVZ's 75% of the shares in Dathcom Mining SA, are in receipt of a request for arbitration lodged with the International Chamber of Commerce in Paris on behalf of both Congolaise D'Exploitation Miniere SA and Jin Cheng Mining Company Limited, a wholly owned subsidiary of Zijin Mining.

15/05/2023

As part of the Cominière Arbitration Proceedings, the Company, via its subsidiaries and Dathcom Mining SA, brought an emergency arbitration application under ICC rules, heard by an emergency arbitrator on 3 May 2023, seeking injunctive relief for the purposes of restraining Cominière from taking any actions with regards to its purported termination of the Dathcom Joint Venture Agreement. The broader Cominière Abritration Proceedings before the ICC also relates to Cominière's purported, but in AVZ's view unlawful transfer of 15% of its shares in Dathcom, to a third party (Jin Cheng Mining Company Limited, a subsidiary of Zijin Mining Group Company Limited), in breach of AVZ's preemption right. Any failure by Cominière to comply with the Emergency Arbitrator's emergency orders, will be addressed by the arbitral tribunal in the Cominière Abritration Proceedings. The Company, together with Dathcom, will continue to take all actions necessary to protect its legal rights in the Manono Project, the interests of its shareholders and other stakeholders, not least the people of the DRC.

08/05/2023

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

28/04/2023

The company releases a notification of cessation of securities.

20/04/2023

The company, via its subsidiaries, and Dathcom Mining SA formally commenced arbitration before the International Court of Arbitration of the International Chamber of Commerce against La Société Congolaise d'Exploitation Miniere. The main purpose of the Cominière Arbitration Proceedings is to seek various remedies for the breaches by Cominière of its obligations under the joint venture agreement dated 27 January 2017, as amended from time to time including declarations to confirm Cominière's purported termination of the Dathcom JVA and its purported transfer of part of its interest in Dathcom in breach of the Dathcom JVA are each null and void.

17/04/2023

The securities of AVZ Minerals Limited were suspended at AVZ's request on 11 May 2022. AVZ's securities will now continue to be suspended from quotation under Listing Rule 17.3.1, due to AVZ's inability to confirm compliance with Listing Rule 3.1 as set out in AVZ's response to question 19 of ASX's query letter dated 10 February 2023 released onto the ASX Market Announcements Platform on 12 April 2023. AVZ's securities are likely to remain suspended until ASX is satisfied about AVZ's compliance with the Listing Rules, including Listing Rule 3.1.

12/04/2023

The company releases a response to ASX Aware Letter.

12/04/2023

The parties to the TIA have agreed to amend the end date to 30 June 2023 to provide for completion of closure formalities. Despite the frustrations experienced with respect to the prolonged delay of the award of the Mining Licence, the partnership between AVZ and CATH remains strong and the parties determined to develop the Manono Lithium and Tin Project in the best interests of the people of the Democratic Republic of Congo and the wider region.

04/04/2023

The Company considers the unauthorised access of the Company's confidential and legally privileged information to be evidence of the Company's continuing besiegement by non-state actors who intend to unlawfully acquire, for themselves and/or other third parties, an interest in the Manono Lithium and Tin Project. The Company has investigated and is confident that its records and systems and those of their external advisers in Australia are secure. The Company and its external advisers are continuing to investigate the unauthorised access of its confidential and legally privileged information and have taken additional precautions to safeguard the information technology systems within their control. The Company is presently addressing queries received from the ASX and further advises that the subject of the initial trading halt request remains incomplete. Accordingly, the Company requests a further extension to the voluntary suspension until the commencement of trade on 1 May 2023 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

31/03/2023

Results from the fourth consignment of 5 drillholes out of 54 resource drill holes at the Roche Dure North-East Extension, confirms further widespread, high-grade spodumene lithium mineralisation including 308.12m @ 1.53% Li2O & 731ppm Sn from hole MO22DD015 as well as a thicker high grade zone of 72m thickness grading 2.07% Li2O & 236ppm Sn in hole MO22DD021. One hundred and five samples returned values greater than 2% including 7 individual samples grading greater than 3% Li2O with the highest value being from hole MO22DD021 from 131.0 to 133.0 metres downhole grading 3.55% Li2O. Middindi geotechnical engineers from Johannesburg complete specialist logging of eight drillholes for possible expansion of the open pit redesign. Some areas of late stage alteration of the pegmatite were noted, again with lower Li values, but these are balanced with significant thicknesses of +2% Li2O elsewhere.

22/03/2023

In relation to the arbitration proceedings before the ICC with respect to the Company's legal rights to a 75% interest in Dathcom Mining, the Company has considered the cases before the ICC in detail and considers them to be spurious in nature, without merit, containing fundamental and material errors, and having no substance or foundation in fact or law. The Company believes it is under besiegement by non-state actors who intend to unlawfully acquire, for themselves and/or other third parties, an interest in the Manono Project and continues to take all necessary actions to resist these vexatious and meritless claims and to protect its and Dathcom's interests. The Company currently defends a case in the ICC brought against its subsidiary AVZ International Pty Ltd by Jin Cheng Mining Company, a subsidiary of Zijin Mining Group Company Limited, regarding a 15% interest Jin Cheng purportedly acquired from La Congolaise d'Exploitation Minière in Dathcom. AVZI remains of the view that its jurisdictional challenge will be successful, which will affirm that Jin Cheng does not have the right to instigate the ICC arbitration proceedings against AVZI under the Dathcom Joint Venture Agreement, since it is not a party to the Dathcom JVA. An award on jurisdiction can reasonably be expected to be handed down mid-2023 As with the Dathomir dispute, AVZI remains of the view that it will be successful in the Dathomir proceedings, with an award in both proceedings unlikely to occur before September 2024. The Company notes that the Interim Financial Report 31 December 2022 released to the market on 16 March 2023 contained a typographical error on page 7. The statement should have read: "The Company is confident of a positive outcome in relation to the award of the Mining Licence and pending resolution of the ICC arbitrations".

22/03/2023

The company lodges its Half Yearly Report and Accounts.

16/03/2023

The parties to the transaction implementation agreement have agreed to amend the end date to 31 March 2023 to provide for completion of closure formalities. The parties remain committed to close the TIA and the development of the Manono Lithium and Tin Project.

28/02/2023

Results from the third consignment of 4 drillholes out of 45 originally planned resource drill holes at the Roche Dure North-East Extension, confirms further widespread, high-grade spodumene lithium mineralisation including 113.33m @ 1.79% Li2O & 860ppm Sn which includes a higher grade zone of 36.0m @ 2.06% Li2O & 887ppm Sn. Fifty-four samples returned values greater than 2% including 5 individual samples grading greater than 3% Li2O with the highest value being from hole MO22DD009 from 56.0 to 58.0 metres downhole grading 4.39% Li2O. Drilling results from Section 8,400mN provide further evidence of the Roche Dure orebody dipping at significantly shallower angles than from the current orebody model. The original drilling programme design was for 45 drillholes but this was expanded to 54 as a result of a significant change in the geometry of the orebody with deeper drillholes no longer being required. Two diamond drillholes still to be finished to complete the Roche Dure Extension drilling programme.

28/02/2023

The company requests a further extension to the voluntary suspension of its securities until the commencement of trade on 31 March 2023 or an earlier announcement to the market regarding its mining and exploration rights for the Manonon Project.

28/02/2023

The Company confirms it intends to continue its voluntary suspension until such time that it has a resolution and clarity on its mining and exploration rights for the Manono Project. AVZ is aware of two newspaper articles published by the Australian Financial Review on 8 February 2023 containing inaccurate or incomplete information. The AFR's two articles of 8 February 2023 appear to be based, in part, on legal advice and a report or draft report prepared for the Company's lawyers. The source materials are and always have been strictly confidential and legally privileged. It is not clear how the source materials came into the AFR's hands. The Company did not provide, nor did it authorise the provision of, the source materials or any of their content to the AFR (or to anyone outside of the Company or its advisors). The Company is seeking further advice on the matter and is in the process of engaging cyber security experts to investigate and advise the Company.

10/02/2023

Subsequently, the Company has been in prolonged discussions with the competent DRC authorities regarding what are a series of complex issues, which has led to the Cadastre Minier delaying the issue of the surface rights fee invoice to Dathcom, thus preventing the completion of the conversion process from the exploration licence to a mining licence. The Company is now in receipt of notices, whereby the DRC MoM issued two additional Ministerial Decrees, dated 28 January 2023, concerning the Manono Project licence. The Company is seeking independent legal advice regarding both Ministerial Decrees dated 28 January 2023, whilst expediting discussions to clarify the intentions of the competent DRC authorities.

06/02/2023

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

31/01/2023

The Company advises that the subject of the initial trading halt request remains incomplete and requests a further extension to the voluntary suspension until the commencement of trade on 28 February 2023 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

31/01/2023

The parties to the TIA have agreed to amend the end date to 28 February 2023 to provide for completion of closure formalities. The parties remain committed to close the TIA and the development of the Manono Lithium and Tin Project.

03/01/2023

The Company is aware of an announcement by litigation funder Omni Bridgeway that it has agreed to fund a class action by shareholders of AVZ against the Company. No proceedings have been served on AVZ in connection with Omni Bridgeway's announcement, nor has Omni Bridgeway or lawyers connected with Omni Bridgeway made any contact with AVZ. AVZ treats such allegations seriously and reiterates it has and continues to comply with the Company's disclosure obligations under the Corporations Act and the ASX Listing Rules.

23/12/2022

An article was published by the Australian Financial Review dated 12 December 2022, which the Company notes contains various unsubstantiated allegations including that the Company failed to disclose ownership disputes with Congolaise d'Exploitation Minière, Jin Cheng Mining Company Limited, a subsidiary of Zijin Mining Group Company Limited and and Dathomir Mining Resources SARL with respect to ownership interests in the Manono Lithium and Tin Project. The Company treats such allegations seriously and confirms that it has and continues to comply with the Company's disclosure obligations under the Corporations Act and the ASX Listing Rules. The Company takes the opportunity to present a right of reply to certain of the allegations contained within the AFR Article in the table presented over the following page.

15/12/2022

The subject of the initial trading halt, being the finalisation of the mining and exploration rights for the Manono Lithium and Tin Project remains incomplete and a further extension to the voluntary suspension until the commencement of trade on 31 January 2023 or an earlier announcement to the market is required.

15/12/2022

On 1 December 2022, the company has filed the first of two International Chamber of Commerce arbitrations against Dathomir Mining Resources SARL and expects to file the second arbitration shortly. The purpose of the Dathomir Arbitrations is to seek a declaration affirming AVZI's legal title to the 15% stake in the Manono Project acquired under the validly executed and completed sale and purchase agreements with Dathomir, there being two such agreements pursuant to which AVZI acquired 10% and 5% stakes, respectively, in Dathcom Mining SA.

08/12/2022

The company releases DRC General Inspectorate of Finance's findings against Cominiere and Dathomir. AVZ is continuing to cooperate with all competent DRC governmental authorities regarding the findings within the IGF report.

06/12/2022

Further widespread, high-grade spodumene lithium mineralisation (including 144.5m @ 1.75% Li2O & 934ppm Sn and 172.3m @ 1.57@ Li2O & 702ppm Sn) confirmed from second 4 of 46 planned resource drill holes at Roche Dure North-East Extension. 58 samples returned values greater than 2% Li20 including two individual samples grading greater than 3% Li2O with the highest value being from hole MO22DD005 from 8.7 metres to 10 metres downhole grading 3.41% Li2O. Drilling results from Section 8,200mN provide further evidence of Roche Dure orebody dipping at significantly shallower angles. Drilling fleet joined by a fourth diamond drill rig.

01/12/2022

The company releases its Annual General Meeting Results.

17/11/2022

The company releases its AGM Presentation.

17/11/2022

The company releases the Chairman's Address.

17/11/2022

The Company advises that the subject of the initial trading halt request remains incomplete and requests a further extension to the voluntary suspension until the commencement of trade on 15 December 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

15/11/2022

The company releases a Corporate Presentation.

31/10/2022

The Company advises that the subject of the initial trading halt request remains incomplete and requests a further extension to the voluntary suspension until the commencement of trade on 15 November 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

31/10/2022

Results from the first 4 of 46 planned resource drill holes at the Roche Dure North-East Extension, confirms further widespread, high-grade spodumene lithium mineralisation including 226.8m @ 1.67% Li2O & 307 ppm Sn and 226.8m @ 1.67@ Li2O. Seventy five samples returned values greater than 2% including 3 individual samples grading greater than 3% Li2O with the highest value being from hole MO22DD003 from 122 to 124 metres downhole grading 3.59 Li2O. The latest drill holes demonstrate grade continuity both down-dip and along strike at Roche Dure. Drilling results moving along strike to the north-east confirm the Roche Dure orebody dipping shallower on the northernmost drill section.

31/10/2022

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

31/10/2022

The company provides an update regarding: the arbitration proceedings before the International Chamber of Commerce in Paris instigated by Jin Cheng Mining Company Limited, a subsidiary of Zijin Mining Group Company Limited, against AVZ's wholly owned subsidiary AVZ International Pty Ltd. And a DRC Tribunal decision dated 20 September 2022 with respect to Dathomir claims that the SPA's for the 15% interest acquired by AVZ be revalued or cancelled.

20/10/2022

The company's 2022 AGM will be held on Thursday, 17 November 2022 at 2:00pm (WST) at Fraser Suites Perth, Fraser Ballroom, 10 Adelaide Terrace, East Perth, Western Australia 6004 and online via webinar.

17/10/2022

The company lodges the following: Annual Report to shareholders and Corporate Governance Statement and Appendix 4G.

17/10/2022

The company releases a notification of cessation of securities.

11/10/2022

The subject of the initial trading halt request remains incomplete, and the company requests a further extension to the voluntary suspension of its securities until the commencement of trading on 1 November 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

10/10/2022

The company lodges its Full Year Statutory Accounts.

30/09/2022

The company's 2022 AGM will be held at 2:00pm (AWST) on Thursday, 17 November 2022 at Fraser Suites Perth, Fraser Ballroom, 10 Adelaide Terrace, East Perth, Western Australia 6004 and online via webinar.

30/09/2022

The Company confirms that the parties to the TIA have agreed to amend the end date to 31 December 2022 to provide for completion of closure formalities. The parties remain committed to close the TIA and the development of the Manono Lithium and Tin Project.

30/09/2022

The Company advises that the subject of the initial trading halt request remains incomplete and requests a further extension to the voluntary suspension until the commencement of trade on 10 October 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

15/09/2022

In relation to the Jin Cheng proceedings, ICC has informed the parties that it appointed a sole arbitrator. The Parties will be convened to a case management conference in September 2022 with a view to setting the timetable of the arbitral proceedings and the execution of the terms of reference. The Boatman Report makes a large number of false, misleading and/or deceptive statements (including through omission) regarding AVZ and its ownership in the Manono Lithium and Tin Project, all of which are strongly refuted. AVZ has been made aware of false, misleading and/or deceptive statements being published on Social Media. AVZ's general policy on responding to market speculation and rumours is that it does not respond to market speculation or rumours. The subject of the initial trading halt request remains incomplete. There is no change to the anticipated timeframe for the completion of the subject of the initial trading halt request (on or before 15 September 2022).

09/09/2022

S&P Dow Jones Indices announced today the changes in the S&P/ASX Indices, effective prior to the open of trading on Monday, September 19, 2022, as a result of the September quarterly review. AVZ was removed.

02/09/2022

The Company advises that the subject of the initial trading halt request remains incomplete and requests a further extension to the voluntary suspension until the commencement of trade on 15 September 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

01/09/2022

The company releases a notification of cessation of securities.

24/08/2022

The Company advises that the subject of the initial trading halt request remains incomplete and requests a further extension to the voluntary suspension until the commencement of trade on 1 September 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

15/08/2022

The Company confirms that the parties to the TIA have agreed to amend the end date to 30 September 2022 to provide for completion of closure formalities. The parties remain committed to close the TIA to progress the development of the Manono Lithium and Tin Project.

29/07/2022

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

29/07/2022

The Company advises that the subject of the initial trading halt request remains incomplete and requests a further extension to the voluntary suspension until the commencement of trade on 15 August 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

29/07/2022

Diamond drilling recommences at Manono Project with stated objective of significantly increasing lithium resources and reserves at Roche Dure. Company commits to 15,000m drilling program at Roche Dure extension, targeting ore to a minimum of -200m depth. Reverse circulation drilling program at Manono Project targeting eluvial and alluvial tin and tantalum deposits to start shortly with drill pattern designs complete and drilling equipment en-route to site. Equipment purchased as part of Early Works Program has started to arrive at site.

15/07/2022

The Company has been actively engaged with the highest levels of the Government with respect to the grant of the Mining Licence and an update regarding its exploration rights for the Manono Project. Whilst the Company remains confident of a positive outcome, it will be necessary to continue the period of voluntary suspension as the subject of the initial trading halt request remains incomplete. The Company has requested a further extension to the voluntary suspension from the ASX until the commencement of trade on 29 July 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

15/07/2022

The Company advises that the subject of the initial trading halt request remains incomplete and requests a further extension to the voluntary suspension until the commencement of trade on 29 July 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

15/07/2022

The company is encouraged with the progress being made with its discussions with the DRC Government, although the subject of the initial trading halt remains incomplete. The company requests a further extension to the voluntary suspension until the commencement of trade on 15 July 2022 or an earlier announcement to the market regarding its mining and exploration rights for the Manono Project.

01/07/2022

The company lodges its Sustainability Report.

17/06/2022

AVZ International Pty Ltd has filed its response to the ICC proceedings rebutting the meritless claim that La Congolaise D'Exploitation Miniere SA has transferred a 15% interest in Dathcom Mining SA to Jin Cheng. The Company notes any such transfer would be subject to the terms and conditions of the existing articles of association of Dathcom as well as the Dathcom shareholders' agreement dated 27 January 2017. Cominière breached the preemptive rights of AVZI under the Shareholders Agreement by purporting to transfer a 15% interest to Jin Cheng, making it invalid and of no force or effect. The Company has considered Jin Cheng's claims in detail and considers them to be spurious in nature, without merit, containing fundamental and material errors, and having no substance or foundation in fact or law. The Company is continuing to take all necessary actions to resist these vexatious and meritless claims and to protect its and Dathcom's interests. The Company expects to be able to lift the voluntary suspension following a decision with respect to the grant of the Permit d'Exploitation and an update regarding its exploration rights for the Manono Project.

17/06/2022

The company releases a ntification of cessation of securities.

03/06/2022

The Company requests an extension to the voluntary suspension until the commencement of trade on 1 July 2022 or an announcement to the market regarding its mining and exploration rights for the Manono Project.

01/06/2022

The Company confirms that the parties to the TIA have agreed to amend the end date to 31 July 2022 to provide for completion of closure formalities. The parties are committed to close the TIA as early as practically possible to progress the development of the Manono Lithium and Tin Project.

01/06/2022

The company requests an extension to the voluntary suspension until the commencement of trade on 1 June 2022 or an announcement to the market regarding its mining and exploration rights for the Manono Project.

20/05/2022

The securities of AVZ Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AVZ, pending the release of an announcement regarding its mining and exploration rights for the Manono Lithium and Tin Project.

11/05/2022

The suspension of trading in the securities of AVZ Minerals Limited will be lifted immediately, following the release by AVZ of an announcement regarding drilling results.

19/10/2018

The company continues to drill record lithium intercept. 5 Mtpa & 10 Mtpa scoping studies commence.

19/10/2018

The company's securities will remain in suspension upon the release of further drilling results on the Manono Lithium Project. The drilling results announcement is expected to be made before the opening of trading on Friday, 19th October 2018.

17/10/2018

The company issues a response to ASX query.

17/10/2018

In an article on the website followoing a telephone interview with Managing Director, Nigel Ferguson, in relation to the potential offtake agreements, it was stated that AVZ could potentially raise funds at a premium to share price, and a 20% offtake that would translate into a potential amount of funding into the Company. The other funding option would be to sell half of the asset and an example of the parameters of this potential value was included. The Company would like to retract the references to potential offtake values and potential sale values as the statements are not consistent with the detailed disclosures required to form a reasonable basis for the comments made.

17/10/2018

The company releases an Investor Presentation.

10/10/2018

The securities of AVZ Minerals Limited will be suspended from quotation immediately under Listing Rule 17.3, pending a response to ASX queries.

09/10/2018

The suspension of trading in the securities of AVZ Minerals Limited will be lifted immediately, following the release by AVZ of an announcement regarding the results of a scoping study.

09/10/2018

Scoping Study confirms potential for a world class, high margin, long life mining project. AVZ intends to proceed to a Full Feasibility Study (FFS) which it expects to be completed in Q2 2019. The potential for tin by-product credits was not taken into consideration in this analysis. It is expected that these credits will be included in the FFS.

09/10/2018

AVZ Minerals Limited requests that a voluntary suspension continued to be placed on the Company's securities. The voluntary suspension is requested until an announcement is made to the market on the results of the Scoping Study for the Manono Lithium Project. The Scoping Study announcement is expected to be made before the opening of trading on Wednesday, 10th October 2018.

09/10/2018

The securities of AVZ Minerals Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of AVZ, pending the release of an announcement regarding the results of a scoping study.

04/10/2018

The suspension of trading in the securities of AVZ Minerals Limited will be lifted from the commencement of trading on Tuesday, 24 April 2018, following receipt of a satisfactory response to an ASX query.

23/04/2018

The company issues a response to ASX query letter.

23/04/2018

The company would like to retract its statement on the Australian Financial Review article in reference to the 150-200 million tonnes of measured sources as this statement is not in compliance with the JORC Code. The company would also like to retract the statement that says that the Manono Project has a "potential total resource of between 1.25 to 1.5 billion tonnes and an average grading around 1.5 per cent lithium oxide." AVZ advises that investors should not rely on the above statements included in the AFR Article as a basis for any investment decision about AVZ shares.

23/04/2018

The securities of AVZ Minerals Limited will be suspended from quotation immediately, in accordance with Listing Rule 17.3, pending a response to an ASX query. The securities will remain suspended until pending a response to an ASX query.

23/04/2018

The suspension of trading in the securities of AVZ Minerals Limited will be lifted immediately, following the release of an announcement.

06/04/2018

The company provides an update on its activities at the Manono Lithium Project in the Democratic Republic of Congo including progress of the initial 20,000m resource drilling program.

06/04/2018

The company issues a response to ASX Price Query.

06/04/2018

The securities of AVZ Minerals Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

03/04/2018

The suspension of trading in the securities of AVZ Minerals Limited will be lifted immediately, following the release by the Company of an announcement regarding a capital raising.

10/08/2017

The Board of AVZ Minerals Limited is pleased to announce that it has reached agreement with Huayou International Mining Limited for Huayou to invest $13.02 million and acquire an 11% interest in AVZ. The funds are to be used for planned drilling and initial metallurgical testwork programs at the Manono project.

10/08/2017

The securities of AVZ Minerals Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

09/08/2017

The suspension of trading in the securities of AVZ Minerals Limited will be lifted immediately, following the release by the Company of an announcement regarding completion of due diligence.

18/05/2017

AVZ completes due diligence review of the Manono Project to its satisfaction, and elects to proceed with the acquisition of a 60% project interest.

18/05/2017

The securities of AVZ Minerals Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to an update on the Manono Transaction due diligence.

17/05/2017

The suspension of trading in the securities of AVZ Minerals Limited will be lifted immediately following the release of an announcement.

02/02/2017

AVZ has agreed to acquire, subject to certain conditions, a 60% interest in the historic Manono Mine and surrounding area in the south of the Democratic Republic of Congo (DRC) in central Africa.

02/02/2017

The securities of AVZ Minerals Ltd will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

31/01/2017

name changed from Avonlea Minerals Limited

11/12/2012
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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    17/01/2022Graeme Johnston753,000$0.865$651,345
    05/05/2020John Clarke1,000,000$0.063$63,000
    04/12/2018Rhett Brans200,000$0.084$16,800
    01/11/2018Nigel Ferguson1,000,000$0.065$65,236
    06/06/2018Klaus Eckhof23,000,000$0.132$3,027,950

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    John ClarkeNon Exec Chairman02/12/2019
    Nigel FergusonManaging Director13/02/2017
    Jan de JagerCFO, Company Secretary15/04/2021
    Casta TungarazaIndependent Director25/09/2023
    Rhett BransNon Exec Director05/02/2018
    Serge NganduExecutive Director25/09/2023
    Salome SijaonaDirector17/10/2023
    Graeme JohnstonTechnical Director31/07/2018
    Ben CohenCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)
    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Peter HuljichIndependent Director02/05/201903/08/2022
    Hongliang ChenNon Exec Director21/08/201712/05/2020
    Guy LoandoDirector21/08/201702/05/2019
    Klaus EckhofManaging Director12/05/201427/06/2018
    Patrick FlintNon Exec Chairman12/05/201406/03/2018
    Gary SteinepreisNon Exec Director30/11/201221/08/2017
    Charles ThomasNon Exec Director15/04/201624/11/2016
    David RiekieNon Exec Director21/08/200814/05/2014
    Roger SteinepreisNon Exec Director01/05/200712/05/2014
    Hamish HallidayNon Exec Director22/05/200930/11/2012
    Steve ParsonsAlternate Director22/05/200930/11/2012
    David MacoboyNon Exec Chairman22/09/201103/08/2012
    Andrew GastevichCompany Secretary01/05/200703/11/2011
    David J. Holden01/05/200726/11/2008

    Date of first appointment, title may have changed.