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Company News

OZ Minerals launches A$444m bid for Brazilian copper miner Avanco Resources
Major miner OZ Minerals (ASX: OZL) has launched a A$444 million bid for Brazil focused copper miner Avanco Resources (ASX: AVB), with both boards endorsing the takeover. According to Avanco, the off-market takeover values Avanco at A$0.168 per share, which is a 118% premium to Avanco’s A$0.077 closing price yesterday. The offer is also a […]

Avanco adds commercial shine by expanding current gold resource
Gold explorer Avanco Resources (ASX: AVB) has updated the market with a significantly improved gold resource at its flagship CentroGold project in Brazil. Avanco’s CentroGold project is located in Maranhão in northern Brazil, with its tenements spanning 140,000 hectares (1,400 km2), “situated along a highly prospective and under-explored 75 kilometre greenstone trend,” according to the […]

Avanco returns positive pre-feasibility study for Brazilian copper project
Avanco Resources (ASX: AVB) has reported positive results from the Pedra Branca East pre-feasibility study, facilitating the immediate start of a definitive feasibility study to advance the project. Pedra Branca East will add 24,000 tonnes of annual copper production, with the option for a further 10,000 tonnes from Pedra Branca West. With 14,000 tonnes of […]
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