Maiden JORC Resource Carajas Copper Project

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Investment Highlights

Confirmed discovery of a significant Copper Oxide at Carajas Copper Project

Recent exploration drilling results have confirmed the discovery of a significant copper oxide deposit at the 100% owned Antas South target on the Rio Verde property in the Carajas region of northern Brazil. Better results include:

	Hole No	Intercept
	ARVC-21	56m at 1.26% Cu from 0 metres
	AVRD-20	32m at 0.63% Cu from 0 metres including 8m at 1.46% Cu from 12 metres
	ARVD-19	69m at 0.45% Cu from 0 metres
	ARVD-16	10m at 0.57% Cu from 18 metres 6m at 2.65% Cu from 52 metres
	ARVC-15	16m at 0.52% Cu from 4 metres including 6m at 1.07% Cu from 12 metres
	ARVD-09	12m at 1.36% Cu from 0 metres 20m at 0.66% Cu from 28 metres
	ARVC-05	36m at 0.56% Cu from 8 metres including 12m at 1.29% Cu from 32m
	AVRD-04	58m at 0.66% Cu from 0 metres including 8m at 2.92% Cu from 50 metres 1m at 7.31% Cu from 69 metres
	ARVD-01	53m at 0.89% Cu from 0 metres including 19m at 1.99% Cu from 4 metres

 

The Company is now moving to full drill out of the Antas South Deposit with the aim of generating a JORC compliant resource. A second drilling rig is now operating at Carajas Copper with a third rig scheduled for August. Avanco is now firmly focussed on developing a pipeline of copper oxide deposits in the Carajas.

High Quality Carajas Assets

• The Company has established itself in the world class Carajas Mineral Province which offers abundant opportunities to grow a company.
• Avanco is using its competitive regional advantage to acquire, explore and develop the Carajas Copper Project.
• The 9,300ha Rio Verde Copper Oxide property hosts five known additional copper occurrences and has significant potential for further new discoveries.

Premier Location - Short development lead times with low capital demand.

• The Rio Verde property is 30km from the booming Carajas mining capital of Parauapebas.
• It’s proximity to Parauapebas presents the Carajas Copper Project with excellent infrastructure, exploration support, drilling rigs and an accredited assay laboratory.
• With an expanding population of 180,000, Parauapebas is a ready source of skilled labour.

Exceptional Board and Management Team

• Avanco’s Exploration Manager is a “name” in the Carajas and has been accredited with the discovery of a number of deposits.
• The Company’s Board and Management team has more than 130 years of combined experience. It has a proven successful history in acquisition, exploration, mining, metallurgy and project management.
• Avanco’s team includes two Brazilians, four Portuguese speakers and has a demonstrated ability in building and operating mines in Brazil.