AVZ - AVZ Minerals

[adobee]

http://www.avonleaminerals.com.au/


1st March 2011
Re-commencement of Fe Resource definition drilling at Ondjou Prospect, Namibia
Diamond drilling program now underway at Ondjou: 5,000+m diamond drilling program scheduled over next three months

- Resource drilling occurring within a 1 Billion tonne+ exploration target* area
- Southern extension of Fe mineralisation covers 6kms+ of strike length
- Target Fe mineralisation from surface; width and continuity now being tested
- Continuing local involvement and regional assistance

DIRECTORS:
Mr David Noel Riekie Managing Director --
Mr Hamish Peter Halliday Non-Executive Director (other) --
Mr Roger Christian Steinepreis Chairman --
Mr Andrew James Gastevich Non-Executive Director (other) --
Mr Steven Andrew Parsons Alternate Director (other) --

 

[adobee]

Re: AVZ - Avonlea Minerals

Aside from Nambia AVZ hold a lease to the south of MYG's Gullewa lease,almost directly south of Brandy Hill.

 

[happytown]

Re: AVZ - Avonlea Minerals

this one ran nicely after the initial resource estimate was released for ondjou

also of interest in its namibian leases is one near the famed tsumeb deposit, agentm has posted about tsumeb a bit over at the sbr thread, as sbr are currently drilling/awaiting results at their namibian leases near tsumeb

there is also talk of potential for ree's with avz

however, they are currently concentrating on their himba licences with their ongoing fe drilling program

 

[adobee]

Re: AVZ - Avonlea Minerals

Announcement:

Excellent DTR Results, redefine High Grade Fe Potential for Magnetite Fe Prospect, NamibiaHighlights

Thresher/Hammerhead/Bronzy DTR test work, from rock chip samples include:
62% DTR (from Fe head grade of 32%)
47% DTR (from Fe head grade of 32%)
42% DTR (from Fe head grade of 43%)
(25% of sample results exhibit 30%+ DTR characteristics)

Reprocessed aeromagnetics, confirms positive correlation with High Grade target horizons/DTR results
New high grade Fe target areas identified for Bronzy Prospect

 

[adobee]

Re: AVZ - Avonlea Minerals

DTR Results yield high quality Fe ConcentratesConfirms Significant and expanding Fe Prospectivity on Namibian EPL’s
Highlights
 DTR/DTC results from rock chip samples achieved high Fe concentrate, high weight recovery and low deleterious elements;
• Sample 651 - weight recovery (DTR) 62% producing high grade concentrate - 71% Fe
• Sample 204 - weight recovery (DTR) 41% producing high grade concentrate - 70% Fe
• Sample 967 - weight recovery (DTR) 42% producing high grade concentrate - 68% Fe
Namibian

 

[adobee]

Re: AVZ - Avonlea Minerals

Fosters Stock Broking

Avonlea Minerals Ltd (AVZ.ASX, $0.18/share) ? DTR test work shows good results. Stock grossly undervalued. SPEC BUY (PT: $0.49/share)

Recently, the company released the results of DTR test showing recoveries up to 62% (admittedly, from only one borehole). But generally speaking, the results have been quite positive with several holes showing +30% recoveries. Further testing is being conducted on a 75 micros grind size, which is far coarser than Australian magnetite averages, meaning energy costs at the finished project will be substantially lower than Australian peers.

The company has been able to increase its resource exploration target to nearly 3.5bt. A JORC compliant resource exists at the Onjou Prospect of over 0.5bt. Drilling here is continuing, while a drill program at three other prospects is due to begin shortly. We expect much in the way of newsflow over the coming 6 to 9 months, including resources expansion at Onjou as well as maiden JORC resources at 3 other prospects.
Our $0.49/share price target is extremely conservative and is based on a current EV/resource multiple of $0.023/t, as ascribed to the company by the market. We assume that a ~1.5bt resource will eventuate over the coming months, lifting the stock price to $0.49/share on this multiple. However, nearly all other iron ore juniors are trading at multiples far above this and thus the potential for AVZ to rerate upward remains high. Given this fact, we consider Avolea to be a BUY and wait on positive newsflow from current drilling activities.

 

[adobee]

Re: AVZ - Avonlea Minerals

Fosters Stock Broking

Avonlea Minerals Ltd (AVZ.ASX, $0.18/share) ? DTR test work shows good results. Stock grossly undervalued. SPEC BUY (PT: $0.49/share)

Recently, the company released the results of DTR test showing recoveries up to 62% (admittedly, from only one borehole). But generally speaking, the results have been quite positive with several holes showing +30% recoveries. Further testing is being conducted on a 75 micros grind size, which is far coarser than Australian magnetite averages, meaning energy costs at the finished project will be substantially lower than Australian peers.

The company has been able to increase its resource exploration target to nearly 3.5bt. A JORC compliant resource exists at the Onjou Prospect of over 0.5bt. Drilling here is continuing, while a drill program at three other prospects is due to begin shortly. We expect much in the way of newsflow over the coming 6 to 9 months, including resources expansion at Onjou as well as maiden JORC resources at 3 other prospects.
Our $0.49/share price target is extremely conservative and is based on a current EV/resource multiple of $0.023/t, as ascribed to the company by the market. We assume that a ~1.5bt resource will eventuate over the coming months, lifting the stock price to $0.49/share on this multiple. However, nearly all other iron ore juniors are trading at multiples far above this and thus the potential for AVZ to rerate upward remains high. Given this fact, we consider Avolea to be a BUY and wait on positive newsflow from current drilling activities.

Getting little to no interest.. even with a relodgement of their results...
Perhaps the fosters boys should start buying if they value it at 50c.. rest of the market seems to have a care factor of about zero...

 

[springhill]

Re: AVZ - Avonlea Minerals

MC - $2.5m
SP - 2.1c
Shares - 121m
Options - 50m
Cash - $766

HIGHLIGHTS FOR THE QUARTER
 Continuation of successful drilling outcomes for Vanadium
o Visible broad zones of mineralisation intersected
o New vanadium rich lithology identified
o Mineralisation remains open along strike and at depth
 Exceptional heavy mineral recovery grade from bulk samples
o 21% V205 ; 14% Zn; 53% Pb
o Simple gravity separation process
 Extensive surface ore dump surveyed
 Positive regional vanadium exploration program

 

[springhill]

Re: AVZ - Avonlea Minerals

Maiden Resource Estimate – Abenab Vanadium Project, Namibia

Highlights
● JORC Compliant Inferred Resource Estimate 0.86 million tonnes @ 1.25% V2O5 1
● Exploration Target of 1 to 1.5 million tonnes @ 1 to 1.2% V2O5
● Mineralisation remains open at depth and along strike with regional exploration potential
● Surface Stocks defined 80,000-130,000 tonnes @ 0.8 to 1.5% V2O5 (refer to ASX Release 19 June 2012)
● Superior vanadium concentrates achieved from gravity separation

The significance of the maiden resource estimate is apparent when considered in light of the exceptional concentrate grades achieved from simple (low capital intensity) gravity separation procedures for this unique style of mineralisation found at Abenab. The mineralisation is unlike the typical magnetite hosted vanadium deposits around the world.
The “tenor” or vanadium concentrate grade achieved by Avonlea in approximately 18-20% V2O5; the industry benchmark is up to 3% V2O5

 

[greggles]

AVZ Minerals is starting to look healthy. There were some encouraging drilling results released this morning regarding the company's drilling program at the Manono Lithium Project in the Democratic Republic of Congo.

Share price is up 11.40% to 31.8c so far today.

 

[greggles]

A bizarre query letter from the ASX to AVZ Minerals today. I'm not sure I've seen the likes of it before. Rather than paraphrase it I'll just attach the relevant announcement to the post, but it concerns a Twitter post made by a strategic advisor to AVZ who has a significant Twitter following and who apparently (or supposedly) Tweeted market sensitive information concerning AVZ that had not been released to the market.

This must be some kind of first.

 

[galumay]

Yes, saw it unfold on twitter, not a good look.

 

[greggles]

Yes, saw it unfold on twitter, not a good look.

AVZ suspended again pending another ASX query. Have they put their foot in it again I wonder?

 

[greggles]

AVZ Minerals is on the nose after its recent antics and its share price is now about half of what it was in mid-January. Volume has been very heavy in the last couple of days and sellers have been offloading large parcels.

Looks to be some support at 15c. If it breaks down through that level, AVZ could be in trouble.

 

[Wyatt]

AVZ down yet again to .12 and maybe lower, what a terrible looking chart. Seemingly great resource in the middle of DRC nowhere, so tempted for a small bottom pick at .115 and stop at .099 below major support @.10. Surely this stock will be in demand one day, although I do know what bottom pickers usually get!

Besides I've got this in the 2018 FY tipping comp.

Gotta feel sorry for peeps who thought the same at higher prices

 

[greggles]

AVZ has broken down through support at 10c today after a Change of Director's Interest Notice was released which revealed that one of the company's Directors, Klaus Eckhof, sold 32,500,000 of his 63,000,000 shares in AVZ on the 4th, 5th and 6th of June at prices ranging from 17c to 11.89c per share.

Hardly a vote of confidence in the company's future.

Update: It looks like there have been recent Ebola outbreaks in the DRC: http://outbreaknewstoday.com/democratic-republic-congo-ebola-update-preventing-spread-16653/

 

[greggles]

Things not improving for AVZ after dipping below 10c earlier this month as it now appears to be stagnating there. Volume has increased substantially in June and I imagine that unless there is good news to get it back above 10c it will continue to suffer as a result of tax loss selling.

Also, the company announced this morning that Klaus Eckhof has quit as Executive Chairman of AVZ: https://stockhead.com.au/resources/klaus-eckhof-quits-avz/

I'm not sure if that's good or bad news.

 

[greggles]

AVZ in more hot water with the ASX over another Twitter blunder. This is now becoming a little comical. Here's the original "clarification" announcement by the company.

Then came the ASX Query Letter:

Needless to say, the company did not think it was appropriate for Mr. Langford to be Tweeting such information.

 

[mcgrath111]

AVZ in more hot water with the ASX over another Twitter blunder. This is now becoming a little comical. Here's the original "clarification" announcement by the company.

View attachment 88175

Then came the ASX Query Letter:

View attachment 88176

Needless to say, the company did not think it was appropriate for Mr. Langford to be Tweeting such information.

You beat me to it.

Folks on HC we're saying it was a witch hunt etc. - But I don't see how ML doesn't shut up and not post sensitive info. I'm glad that the ASX issued another speeding ticket.

On another note, I would love to chuck some $ into AVZ, but the current downtrend has me running for the hills....well that and the face they're mining in the DRP.

 

[barney]

Hey @greggles …. I've been a bit more of an accumulate/hold kind of Trader for the last couple of years (and fortunately doing ok) so I haven't been very active on ASF and have consequently missed a lot of your postings on Stocks like this one ……

You presented a good running summary of what was happening, and to be honest, this was an important aspect of trading Specs which needs to be recognised by anyone trying to make a dollar from the markets …..

I have nothing to add on this particular Stock other than "the chart says it all" … and the old adage of "where there is smoke there is fire" rings true when trading the Spec end of the market.

Basically, … well done for your continual postings on various Stocks when seemingly no one is watching (I'm sure they are)

My recent re-entry into checking Stocks etc was motivated by @Joe Blow obviously needing subscribers to get the place revved up a bit and hopefully generate a bit more discussion/interest ...…

My effort is small but I'm sure Joe appreciates your continual input …. just don't burn yourself out Cheers.