Summary

[Report is related to] AVZ Minerals Limited with or through its wholly owned subsidiary AVZ International Pty Ltd (AVZI), on 1 December 2022 it has filed the first of two International Chamber of Commerce (ICC) arbitrations against Dathomir Mining Resources SARL (Dathomir) (First Dathomir Arbitration) and expects to file the second arbitration shortly (Second Dathomir Arbitration) (together the Dathomir Arbitrations).

The purpose of the Dathomir Arbitrations is to seek a declaration affirming AVZI's legal title to the 15% stake in the Manono Project acquired under the validly executed and completed sale and purchase agreements with Dathomir, there being two such agreements pursuant to which AVZI acquired 10% and 5% stakes, respectively, in Dathcom Mining SA (Dathcom).