Friday, 14 September, 2007 - 14:40
Avonlea debuts down on ASX
West Perth-based mineral explorer Avonlea Minerals Ltd has closed at 17.5 cents in its debut on the Australian Securities Exchange, 12 per cent down on its offer price.
AVZ Minerals, formerly Avonlea Minerals, holds a number of exclusive prospecting licenses in northern Namibia that are considered highly prospective for iron ore, precious and base metals, REE and vanadium.
AVZ holds a 75% interest in the Manono Project, located 500km north of Lubumbashi in the south of the Democratic Republic of Congo, hosting the world class Roche Dure Mineral Resource which is one of the largest undeveloped hard rock lithium deposits in the world.
In March 2022, AVZ was admitted to the S&P/ASX 200 Index following the continued progress being made to develop its world-class tier 1 Manono Lithium and Tin Project.
Rank | Company | # | |
---|---|---|---|
248th | ![]() |
AVZ Minerals | $232.00k |
253rd | - | Ausquest | $216.19k |
254th | ![]() |
Indiana Resources | $210.00k |
255th | ![]() |
Europa Metals | $192.82k |
256th | ![]() |
Toro Energy | $189.81k |
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RANKING: 248 Down from 221 in Public Companies - Resources WA list | 06 Dec 2024 |
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NEWS: Tagged in Mitchell appointed Global Lithium chair | 10 Jul 2024 |
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RANKING: 221 Up from 225 in Public Companies - Resources WA list | 02 Jul 2024 |
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RANKING: 225 Up from 226 in Public Companies - Resources WA list | 20 Jun 2024 |
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RANKING: 226 Up from 228 in Public Companies - Resources WA list | 28 May 2024 |
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NEWS: Tagged in The curious case of AVZ, the Congo and the biggest lithium deposit on the planet | 19 Mar 2024 |
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NEWS: Tagged in AVZ super-charges world’s biggest lithium deposit | 31 Jan 2024 |
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NEWS: Tagged in Interim arbitration win for AVZ | 19 Jan 2024 |
West Perth-based mineral explorer Avonlea Minerals Ltd has closed at 17.5 cents in its debut on the Australian Securities Exchange, 12 per cent down on its offer price.
AVZ Minerals, formerly Avonlea Minerals, has appointed Klaus Eckhof as managing director and Patrick Flint as chairman, following the resignations of Roger Steinepreis and David Riekie.
Shares in junior explorer AVZ Minerals have skyrocketed on news the Perth company has struck an agreement to acquire a majority stake in a lithium mine in Africa, and has raised $5 million to fund the deal.
Junior explorer AVZ Minerals has become subject to Supreme Court action after a Mauritius-based private resources investment firm claimed ownership of a lithium deposit in the Democratic Republic of Congo, which AVZ said last month it would be acquiring a major stake in.
Africa-focused lithium explorer AVZ Minerals has attracted a Chinese miner for the bulk of a $15 million capital raising, which has been priced to take advantage of a recent doubling in its share price.
Six local resources companies have announced capital raisings of around $26 million for projects including in lithium and rare earths, with one of the businesses, Okapi Resources, planning to join the ASX bourse.
African Energy Resources has announced that current managing director Frazer Tabeart will become an executive director of investor relations and business development, and Bill Fry becomes executive director, commercial.
S2 Resources advises that completion has occurred under the Heads of Agreement that was announced on 14th February 2018.
Lithium explorer AVZ Minerals has signed a memorandum of understanding with a major Chinese battery producer for potential investment and offtake opportunities.
AVZ Minerals has announced the resignation of executive chairman Klaus Eckhof, weeks after he sold off half his stake for $4.4 million, while also signing up Perth-based CPC Engineering to complete a scoping study for its Manono lithium project in the Democratic Republic of Congo.
Two local mining companies have been forced to provide clarifications to the ASX this morning, with Flinders Mines responding to a presentation given by BBI Group, while lithium-focused AVZ Minerals told investors to ignore a Twitter post from one of its strategic advisers.
Klaus Eckhof has resigned as executive chairman of AVZ Minerals. Mr Eckhof is a geologist and has worked in delineating gold within the mining industry. In 1994, he founded Spinifex Gold and Lafayette Mining.
AVZ Minerals is seeking to raise up to $10 million via a share purchase plan, primarily to advance its Manono lithium and tin project in the Democratic Republic of Congo.
Capricorn Metals advises that the Share Purchase Plan described in the offer booklet dated 6 February 2019 closed on 21 February 2019. The SPP allowed eligible shareholders the ability to apply for up to $15,000 of new fully paid ordinary shares in Capricorn at a price of $0.063 per share.
AVZ Minerals has increased its stake in the Manono lithium and tin project by 5 per cent for US$5.5 million from Datchom Mining.
Our weekly appointments wrap includes Michael Hughes, Craig Lennard, Tim Searle, Jade Macukatt, Alex Gregg, Gemma Cooper, Alex Ward-Noonan, Steve Blyth, Dean Lavers, Robert Wilton, Colin La Galia, and Martine Keenan.
Lithium explorer AVZ Minerals has announced it would raise $14.1 million to a new strategic investor based in China.
Dr John Clarke will join the board of AVZ Minerals as non-executive chair at the start of December.
AVZ Minerals will receive a $10.5 million investment from China-based Yibin Tianyi to progress its flagship lithium project in Central Africa, while also receiving commitments to raise $5.3 million.
Tougher restrictions for securing foreign investment is the latest hurdle for miners seeking to develop projects.
Our board moves wrap includes Andrew Caruso, Max Wang, HongLiang Chen, Mike Grey, and Paul Ferrara.
Our board moves wrap includes Jan de Jager, Ben Cohen, Tara French, Nathan McMahon, Rod Sherwood, Ivan Gustavino, Dano Chan, Peter Evans, Anthony Ho, Richard Siemens, David White, Michael Wilson, Richard O'Brien, Raymond Lau, Wayne Knight, Jay Upton, Li Chen, Steven Apedaile, Simon Vertullo, Jason Titman, Howard Digby, and Josephine Bush.
Aspiring producer AVZ Minerals has lifted its stake in the Manono lithium and tin project after securing $40 million from investors.
AVZ plans to spend $75 million raised from institutional investors to start early site works at its Manono project but conceded a mining licence was taking longer than previously anticipated.
Surging construction activity in the lithium sector will provide increased opportunities for local workshops and sub-contractors.
Junior gold and lithium explorer Kairos Minerals has appointed Klaus Eckhof and Peter Turner to lead the company.
AVZ Minerals has extended the suspension of its shares after pushing out the target completion date for a company-defining deal for its lithium project in Africa.
Our board moves wrap includes Peter Huljich and Alistair Stephens.
One-time market darling AVZ Minerals has been hit with a major regulatory setback, just weeks after the launch of a shareholder class action against the aspiring lithium miner.
Aspiring lithium miners face challenges and opportunities as they race to turn prospects into production.
AVZ Minerals has launched arbitration proceedings against its project partner, a state-owned entity in the Democratic Republic of Congo, in the latest development of an ongoing ownership dispute.
Our board moves wrap includes Casta Tungaraza, Serge Ngandu, Nicolle Fleming, Mark Ashby, Darren Naylor, Oliver Kreuzer, Mohammad Ali Shah, Lawrence Teo, Nick Selby, Greg Jones, Amy Stefonick, Hugh Warner, Chris Hilbrands, Phil Thick, Matthew Gauci, Matthew Worner, Andrew Muir, and Pip Darvall.
Our board moves wrap includes Salome Sijaona, Philip Crutchfield, Ric Dawson, John Hannaford, Linda Friedland, ZaiQian Zhang, Su-Mei Sain, and Benjamin Donovan.
The board of lithium hopeful AVZ Minerals has been targeted by an ousting campaign titled ‘Make Manono Great Again’, a play on the company’s dispute-locked project in Central Africa.
The Supreme Court of Western Australia has ruled in favour of Fat Tail Holdings to access AVZ Minerals' shareholders list and email details.
Former AVZ Minerals director Peter Huljich has accused several of the company’s board members of defamation, ahead of the lithium hopeful’s annual general meeting today.
AVZ Minerals shareholders have cast their votes amid a boardroom ousting campaign at the company’s annual general meeting yesterday.
West Perth-based AVZ Minerals has secured an interim win in an ongoing international arbitration against the Democratic Republic of Congo over a mine licence.
Global Lithium Resources has confirmed Geoff Jones has resigned as the company’s non-executive chair, effective immediately.
Besieged lithium explorer AVZ Minerals has denied it has engaged in bribery days after its office was raided amid an ongoing investigation by the Australian Federal Police.
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