Avanco to acquire Pantera copper project
Published by Harleigh Hobbs,
Editor
Global Mining Review,
Avanco has agreed terms for an option to acquire 100% of the Pantera copper project (Pantera) from Vale S.A. (Vale).
Pantera is located near to Avanco’s existing operations in the world class Carajás Mineral Province, Brazil, and has the potential to significantly add resources, reserves and a longer-term production profile for the company.
Tony Polglase, Managing Director, commented: “We are delighted to close this transaction with Vale and believe this is testament to Avanco’s credibility in Brazil, ability to grow our footprint in Carajás and ultimately to significantly increase production and longevity.”
There has been extremely encouraging high-grade copper results from historic drilling. An initial 5000 m drilling programme is currently being assessed and will begin during 1Q18, with a maiden JORC Mineral Resource to be defined.
Read the article online at: https://www.globalminingreview.com/finance-business/16012018/avanco-to-acquire-pantera-copper-project/
You might also like
Teck and Anglo American to combine through merger of equals to form a global critical minerals champion
Teck Resources Limited and Anglo American plc announce they have reached an agreement to combine the two companies in a merger of equals to form the Anglo Teck group, a global critical minerals champion and top five global copper producer, headquartered in Canada and expected to offer investors more than 70% exposure to copper.
