Alvo acquires REE project in Brazil

The Ipora REE Project is a new greenfields exploration project, targeting the Iporá alkaline intrusive complex, considered highly prospective for REEs, potentially of the highly valued ionic clay type.

Highlights

• 211 km² tenements applied for in Goias State, with exceptional potential for ionic-clay rare earth mineralisation, along strike from an emerging high-grade discovery.
• The staking of the new “Ipora” REE Project, is complementary to Alvo’s existing Bluebush IAC REE Project located approximately 600 km north in the neighbouring state of Goias.
• The Ipora Project is located on similar geology and adjacent to the PCH Project owned by Canadian listed Appia Rare Earths and Uranium Corporation, where recent extraordinarily high REE results were reported from surface over broad widths, including an area of elevated scandium (Sc).
• Managing Director Rob Smakman and Alvo geologists conducted a preliminary site visit and confirmed extensive visual clays along strike from the recently discovered PCH Ionic Clay Project.
• Alvo will continue to review synergistic Brazilian acquisitions within proximity of the Bluebush and Ipora REE Projects.

Commenting on the new Project acquisition, Managing Director Rob Smakman said: “We are thrilled to acquire the Ipora Project after our in-house team identified the region as highly prospective for ionic clay hosted rare earths. Having visited the project area last week, we are confident that the knowledge we have gained from exploring at Bluebush will help us quickly and effectively explore Ipora.

“We will continue looking for opportunities that mesh with our strategy of being an Active Brazilian Critical Minerals Explorer, whilst advancing at Bluebush and Palma. It’s going to be a big year for Alvo!”

Read the article online at: https://www.globalminingreview.com/mining/01022024/alvo-acquires-ree-project-in-brazil/