Big Brazil buy by Avanco

AVANCO Resources anticipates ground being picked up from Vale could contain up to 400,000 tonnes of copper and cost it US$35 million to be paid at rate of $3 million per annum.

Big Brazil buy by Avanco Big Brazil buy by Avanco Big Brazil buy by Avanco Big Brazil buy by Avanco Big Brazil buy by Avanco

The ground, called Pantera and located about 110km from Avanco’s Pedra Branca pre-development asset, can be acquired for $35 million – equivalent to 400,000t at 4c per pound – or at a cost of 4c/lb