AVZ Minerals Limited (formerly Avonlea Minerals Limited) (ASX: AVZ) is an Australian publicly listed exploration company based in Perth, Western Australia. It operates with a board experienced in African exploration and corporate matters.
AVZ through its local subsidiaries in Namibia has accumulated an exciting portfolio of Exclusive Prospecting Licences (EPL‟s). The company has applied for EPL‟s covering 9,500sq km (1,625kms remain pending) and are considered prospective for Specialty Minerals (Vanadium & Tin), Rare Earth Elements and Precious and Base Metals.
AVZ announced on in December 2011 details of a JORC compliant Fe inferred Resource estimate of 693 million tonnes at 24% from its Ondjou Prospect. In addition the company has released details of the potential Exploration Target size of its prospect of between 2 to 3.4Bt (20 – 30%+ Fe) from this and its other Fe prospects.*
*This exploration target mineralisation tonnage and grade is conceptual in nature as there has been insufficient exploration completed to define a Mineral Resource in accordance with the JORC Code (2004), and it is uncertain if further exploration will result in the determination of a Mineral Resource.