Alvo Minerals Limited ( (AU:ALV) ) has issued an announcement.
Alvo Minerals Limited has announced its intention to acquire the Lavra Velha Gold-Copper Project in Bahia State, Brazil, from Pan American Silver Corp. The acquisition is part of a strategic move to expand Alvo’s resource base, with the project offering significant exploration potential and a substantial existing gold resource. The company plans to fund the acquisition and initial exploration through a A$3.5 million entitlement offer. This acquisition is expected to enhance Alvo’s position in the mining industry by adding a promising gold-copper project to its portfolio, potentially increasing its market competitiveness and offering new opportunities for growth.
More about Alvo Minerals Limited
Alvo Minerals Limited is a mining company focused on the exploration and development of mineral projects. The company operates primarily in the copper and zinc sectors, with key projects including the Palma VMS Cu/Zn Project, Bluebush Ionic Clay REE Project, and Ipora REE Project. Alvo is listed on the Australian Securities Exchange under the code ALV.
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