CAPITAL MARKETS

AVZ maintains position on world's foremost lithium deposit

LITHIUM aspirant AVZ Minerals has rejected various allegations prosecuted by the <i>Australian Financial Review</i> newspaper and has maintained its belief that it holds 75% of the giant Manono lithium project in Democratic Republic of Congo (and has pre-emptive rights to up to 90%), saying claims to the contrary are "spurious and without merit".

Manono, DRC

Manono, DRC

The essence of the AFR article earlier this week was that AVZ had hid an ownership dispute from shareholders and investors. "The company considers that the AFR article was written without a competent...

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