AVZ Minerals Ltd (ASX:AVZ) is to be admitted to the S&P/ASX 200 Index effective prior to the open of trading on March 21 following the S&P Dow Jones Indices March quarterly review.
The inclusion of AVZ follows the continued progress being made to develop its world-class, tier 1 Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC).
Growing investor appetite
AVZ managing director Nigel Ferguson said: “AVZ’s admission to the S&P/ASX 200 Index recognises growing investor appetite and confidence in the company and the DRC being a reputable jurisdiction that can host the sustainable development of battery minerals projects, that is required to support the global green energy transition.
“We are in regular, close consultation with the DRC Government authorities that are undertaking the mining licence assessment and remain highly confident of delivering a favourable outcome for all stakeholders.”
Manono Project
The company holds a 75% interest in the Manono Project, 500 kilometres north of Lubumbashi in the south of the DRC, which hosts the world-class Roche Dure Mineral Resource, one of the largest undeveloped hard rock lithium deposits in the world.
The Manono Project is strategically positioned as a clean, sustainable source of lithium, feeding the global lithium-ion battery value chain.
With industry-leading environmental, social and governance (ESG) credentials, it is forecast to be one of the lowest carbon-emitting hard rock mines in the world.