ENERGY MINERALS

AVZ unveils big Manono lithium plans

Ambitious lithium developer AVZ Minerals needs to find about US$545 million to develop a project in Democratic Republic of Congo with a post-tax NPV (using a 10% discount rate), of $1 billion.

 Manono in the DRC

Manono in the DRC

Based on a definitive feasibility study, average annual earnings for the 20-year Manono lithium and tin project would be $380 million (on an EBITDA basis), with a payback period of just over two years....

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