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Avanco Resources Ltd.
Summary
| Project: | Pedra Branca | |
|---|---|---|
| Deposit: | Pedra Branca East | |
| Location: | Brazil | |
| Commodities: | Copper-Gold | |
| Date: | 9/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Mine Development | |
| Report details: | 12-9-2016: Avanco Resources Ltd. announces a Scoping Study report for its Pedra Branca East deposit at the Pedra Branca project. Scoping study results incl. 1.2Mtpa production for 24000t Cu and 17000oz Au per annum. Avanco is pleased to announce highly en | |
| Resources: | (Resource, Total): 10.48Mt @ 2.8% Cu, 0.7g/t Au at Pedra Branca East | |
| CP/QP: | [Overall Report]: Simon Mottram, Diogo Caupers, Colin Jones, Wayne Phillips (Internal;Independent) | |
| ABSTRACT: | Avanco is pleased to announce highly encouraging results from the Pedra Branca East Scoping Study and the start of underground development activities. The decision to commence development underpins Avanco’s strategy to become a mid-tier copper-gold company. Pedra Branca is Avanco’s second and much larger project, located ~50km southwest of the producing Antas Mine. Pedra Branca comprises two adjacent high grade, steeply dipping coppergold deposits, East and West (PBE and PBW). PBE is the subject of the current study and the results are considered very positive. Avanco Resources Limited (“AVB”, “Avanco” or “the Company”) is developing the Pedra Branca copper-gold deposit in the Carajás region of the Pará State of Brazil. AVB engaged a number of consultants and independent contractors, and also used its in-house expertise to prepare the various inputs required for the Scoping Study. The PBE Scoping Study was completed to an overall ±35% level of accuracy using the parameters and assumptions set out in Table 1. The key considerations in the Scoping Study were a preferred mining and processing route, throughput rate, project life, and community and environmental impacts. The minimum life of the Project is 11 years, but has potential to be increased at depth and along strike, where the orebody is still open. The Scoping Study is therefore considered to be a base case scenario. | |
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