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Chinese backing for AVZ in DRC

Lithium’s annus horribilis may show few signs of easing, but the company that claims to have the world’s largest hard rock resource, AVZ Minerals, has taken a big step forward with Chinese backing to the tune of A$14.1 million and a potential binding offtake arrangement.

Chinese backing for AVZ in DRC Chinese backing for AVZ in DRC Chinese backing for AVZ in DRC Chinese backing for AVZ in DRC Chinese backing for AVZ in DRC

The Manono lithium-tin project in the Democratic Republic of Congo

AVZ said today emerging lithium chemical producer Yibin Tianyi would take a 12% stake in the company via the issue of 314.3 million shares at 4.