DFI · investment house — is this fundable, watchable, or a pass?
Life-cycle stageunclassified Derived
Operating statusDisputed / Split-claim development asset; Manono Lithium SAS (Zijin/Cominière) NE under construction; Dathcom-AVZ South in arbitration Sourced
Resource basis (verbatim)AVZ Jan 2024 update (Roche Dure + Carrière de l'Este combined); pre-dispute baseline
Primary sourceAVZ Minerals Jan 2024 resource update; ICSID public disclosures; Manono Lithium SAS permit awards Sept 2024 [Sourced 2026-05-02] Sourced
Comparables (Li-matched)1 African M&A · 1 intl · 1 excluded (terminated / non-acquisition — flagged on the screen) — set spans, not market curves · deals · compare assets · data freshnessSourced
Risk read
mining major · insurer — what is the exposure?
Province IC compositeCongo Craton — 5.75/10 Derived
Ownership structureMulti-party contested; no single operator; primary claims: Manono Lithium SAS (Zijin/Jinxiang ~54.9% per Zijin … Sourced
Recent events (record, newest last — tail shown)… state approval; CATH conditional funding Jan 2026 ($20M to AVZ, rights to 100% production for 5 years + 30.5% indirect stake IF AVZ claims succeed); Manono Lithium SAS construction underway June 2026 commissioning target Sourced
What this record does not yet support — disclosed, not estimated
Reserve tonnage — no current whole-of-asset reserve verified for current operating vehicle