AVZ Minerals Limited (ASX: AVZ, “The Company”) advises that strategic shareholder Zhejiang Huayou Cobalt Co., Ltd (SHA:603799, Mkt Cap US$4.5bn) through its group company Huayou International Mining (Hong Kong) Limited, (“Huayou Cobalt Group”) has purchased additional shares on market to increase its shareholding in AVZ to 9.49%.