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Avanco Resources Ltd.
Summary
| Project: | Pantera | |
|---|---|---|
| Deposit: | Pantera | |
| Location: | Brazil | |
| Commodities: | Copper-Gold | |
| Date: | 3/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-3-2018: Avanco Resources Ltd. announces a Resource Estimation report for its Pantera deposit at the Pantera project. Initial resource estimate for Pantera project. ASX: AVB (‘AVANCO’ OR ‘THE COMPANY’) is pleased to announce a Maiden Mineral Resource Es | |
| Resources: | (Resource, Inf.): 20.8Mt @ 1.7% Cu, 0.2ppm Au for 350Kt Cu, 140Koz Au contained | |
| CP/QP: | [Resources]: Aaron Green (CSA Global Pty Ltd.) | |
| ABSTRACT: | ASX: AVB (‘AVANCO’ OR ‘THE COMPANY’) is pleased to announce a Maiden Mineral Resource Estimate for the Company’s recently acquired Pantera Copper Project. Commenting on the on the Maiden Pantera MRE, Tony Polglase, Managing Director said: “This MRE marks a number of significant milestones for Avanco, propelling the Company’s Carajás resource base beyond One Million tonnes of contained copper, and just as importantly making rapid progress on a project that has defined our first transaction with Vale in the Carajás, and introduced us to the BNDES.” In January 2018, Avanco announced the agreed terms for an option to acquire 100% of the Pantera Copper Project from Vale. Pantera, like the nearby Antas mine, is located near established infrastructure in the world class Carajas region of Brazil. The Pantera license extends to 9,700 ha, situated 110 km west of the Company’s Pedra Branca Project. It is located close to excellent infrastructure, near Vale’s operating Onça Puma Nickel mine. | |
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