Alvo Minerals Unveils Major Copper-Zinc Discovery at Touro Prospect

A Breakthrough Discovery at Palma

Alvo Minerals Limited (ASX, ALV) has delivered a standout quarter ending December 2025, marked by a significant new discovery at its Palma Copper-Zinc Project in Tocantins State, Brazil. The maiden drilling program at the Touro Prospect has confirmed the presence of massive, semi-massive, and disseminated sulphides containing copper, zinc, silver, lead, and gold along a 750-metre strike length. This discovery not only validates Alvo’s systematic exploration approach but also highlights the potential scale of the target, which extends 2.2 kilometres in length and 750 metres deep.

Drilling Results Signal Strong Potential

The first drill hole, PDT-117, returned promising assay results including 9.3 metres at 1.1% copper equivalent from 55.3 metres depth, featuring higher-grade intervals such as 4.7 metres at 1.7% CuEq. Visual logging confirmed abundant sulphide mineralisation, with chalcopyrite and sphalerite dominating the mineral assemblage. Importantly, deeper electromagnetic conductors identified by fixed-loop electromagnetic (FLEM) surveys remain untested, with drilling underway to explore these targets. This suggests that the current results may only represent the upper portion of a larger mineralised system.

Expanding the Exploration Footprint

Beyond Touro, Alvo is advancing multiple other high-priority copper-zinc prospects within the Palma district. The Esperanza Prospect, located about 3 kilometres southeast of the C3 deposit, and the Entre Rios Prospect, approximately 12 kilometres southeast of C1, have been elevated to drill-ready status following encouraging geochemical and geophysical surveys. Both prospects exhibit geological settings favourable for volcanogenic massive sulphide (VMS) mineralisation, with coincident soil anomalies and electromagnetic conductors supporting their potential.

New Insights from Gravity Survey

A detailed ground gravity survey conducted by the Brazilian Geological Society has identified multiple untested anomalies adjacent to the C1 deposit. These gravity highs may indicate dense, massive sulphide mineralisation typical of VMS deposits. The survey results are being integrated with existing geological and geophysical data to prioritise targets for upcoming drilling campaigns, potentially unlocking further resource growth within the Palma Project.

Strong Financial Position to Accelerate Growth

Supporting this exploration momentum, Alvo successfully completed a $2.2 million placement during the quarter, attracting strong demand from sophisticated and institutional investors. The funds are earmarked to accelerate drilling and exploration activities at Palma, including ongoing work at Touro and the new targets Esperanza and Entre Rios. With over 243 million shares on issue and a well-funded treasury, Alvo is positioned to maintain an aggressive exploration pace.

Looking Ahead

As Alvo progresses its drilling programs and integrates new geophysical and geochemical data, the coming quarters will be critical in defining the scale and quality of mineralisation at Palma. The company’s methodical approach, combining traditional geological techniques with cutting-edge technology, continues to uncover compelling opportunities in this emerging VMS district.