Alvo Minerals (ASX:ALV) is an emerging base metals explorer and developer focused on progressing its flagship copper-zinc rich VMS Palma Project located in central Brazil.
Alvo’s 100% owned Palma Project boasts a contiguous district scale landholding of 480km2 and is the first time the package has been held by a single entity. Palma has a high grade JORC compliant Mineral Resource of 3.4Mt @ 1.39% Cu, 5.42% Zn, 0.73% Pb and 25.1g/t Ag. The existing resource doesn’t include gold potential as only 8% of core was historically assayed for gold.
The Company plans on expanding the existing high-grade resource base through extensional drilling along strike and down-dip, in addition to testing multiple high priority VTEM conductor targets along strike from existing deposits.
Alvo management have experience of over 25 years of on-ground Brazilian experience in negotiating, exploring, licensing, studying building and operating minerals projects.
- A$10.0 million raised | A$16.2 million – A$18.2 million market capitalisation
IPO – Ongoing
Joint Lead Manager & Corporate Advisor