Avanco Resources Limited (AVB) has been delisted from the Australian Securities Exchange (ASX)
Avanco Resources Limited (AVB)
is a publicly listed company on the Australian Securities Exchange (ASX).
About Avanco Resources Limited
Avanco Resources Limited is a Brazilian focused exploration and development company (ASX code AVB). The company is targeting near term copper production from the high grade Antas Copper Mine (Stage 1), the exploration and development of the Pedra Branca (Stage 2) Copper Project, and exploring for new copper projects.
Antas and Pedra Branca are located in the world class Carajás Mineral Province in northern Brazil. The Carajás region is by virtue of the known mines and recent discoveries, regarded as one of the prospective mineral provinces in the world for the discovery of copper-gold and iron ore resources. It hosts numerous IOCG (Iron Oxide Copper Gold) deposits, including Sossego, Igarape-Bahai, and the World Class Salobo deposit.
Avanco Resources Board of Directors and Management team have extensive global resource industry experience, with the Company having offices in Perth, Australia, Rio de Janeiro, Brazil and Parauapebas, Brazil.
Antas North (Stage 1)
Antas North forms part of the Rio Verde Exploration area, consisting of a single Mining License. The site is some 25 km directly southeast of the city of Parauapebas and is located approximately 10km along an easterly gravel road from the sealed road connecting Parauapebas with the town of Canaa.
Parauapebas is a well-developed city with a population of over 154,000 (IBGE in 2010) that services the agricultural needs of the region and also provides services to the large Vale iron ore and copper mines nearby. Possessing fabrication and engineering facilities, as well as hosting the regional offices of the large mining equipment suppliers, the city is set up to support mining projects in the area.
The project is some 35km from the Carajás airport that has direct flights from and Belo Horizonte, Belem and Brasilia (via Maraba).
The Antas North deposit is on hilly ground to the north of the Itaboca Creek running from the top and along the western flank of a significant hill, with available water and a major power line nearby.
Pedra Branca Project (Stage 2)
In February 2012 Avanco agreed terms with Xstrata Copper for a 100% interest in the Pedra Branca Project, in Carajas, Brazil and shareholders approved the all script offer on 5 April 2012.
The Pedra Branca Project and is located 50km of the Company’s 100% owned Stage 1, Antas Deposit.
The land package is mostly contiguous farmland with good access and no environmental limitations. The area benefits from excellent infrastructure within a district experiencing substantial investment from Vale’s development of “Serra Sul”, soon to become one of the world’s largest iron ore mines.
Situated on one of the main Carajas geological trends, mineralisation at the Pedra Branca Project is also IOCG (iron-oxide-copper-gold), with similar geological characteristics to neighbouring IOCG mines/deposits.
Discovered by Noranda in 2003 with the drilling of 9 diamond drill holes. Following Xstrata’s acquisition of Falconbridge (Noranda), twelve diamond drill holes were completed in 2007-2008 to test mineralisation at depth and along strike. Mineralisation was intersected in 17 of the 21 holes, over a strike length of at least 1.5 km.
The tenement portfolio includes a number of additional licenses considered prospective for new discoveries.
Avanco Resources Limited
257 York Street
+61 8 9324 1865
Fax: +61 8 9200 1850