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Alvo Minerals Advances $4.4M Raise Amid Lavra Velha Gold-Copper Acquisition
3:45am on Monday 2nd of June, 2025 AEST
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Mining
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Alvo Minerals Advances $4.4M Raise Amid Lavra Velha Gold-Copper Acquisition
3:45am on Monday 2nd of June, 2025 AEST
Key Points
Non-binding LOI to acquire 100% of Lavra Velha Gold-Copper Project in Bahia, Brazil
Lavra Velha hosts a foreign NI 43-101 resource estimate of 9.2Mt at 1.76g/t Au for 520koz gold
Palma Copper-Zinc VMS Project resource increased to 7.6Mt at 2.02% CuEq under JORC 2012
Pro-rata non-renounceable entitlement offer to raise up to A$2.9 million plus $1.5 million placement
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