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.
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.
