Latest Brazil Mining News

Meteoric Resources has signed a strategic partnership with POSCO International to advance the development and commercial production of rare earths at the Caldeira project in Brazil, aiming to secure a resilient supply chain for Korea.

Resouro Strategic Metals has taken a crucial step toward turning its Novo Mundo Gold Project in Brazil from trial mining into a licensed commercial operation by lodging a Mining Concession Application covering 930 hectares.

Australian Mines (ASX: AUZ) has expanded its exploration footprint at the Boa Vista Gold Project in Brazil, uncovering 14 additional prospective gold targets beyond its flagship VG1 prospect. Four priority targets are advancing toward drill readiness as the company aims to evolve Boa Vista into a district-scale opportunity.

Gold Mountain Limited has raised $4.5 million from a new institutional investor to accelerate exploration of its rare earth and lithium projects in Brazil.

Core Energy Minerals (ASX:CR3) has confirmed significant rare earth oxides with a high magnetic component in early sampling at its Campo Largo project, setting the stage for systematic drilling this quarter.

St George Mining has secured Worley Engenharia Ltda as technical adviser to accelerate feasibility studies and project development at its Araxá Niobium-Rare Earths Project in Brazil, leveraging a highly experienced local team and strong government support.

Perpetual Resources has launched a detailed trenching campaign at its Igrejinha Lithium and Caesium Project in Brazil, aiming to refine multiple pegmatite targets ahead of a mid-year drilling push. Concurrent exploration planning is progressing at the Renaldinho Project, reinforcing the company’s foothold in Brazil’s Lithium Valley.

Perpetual Resources continues to hit high-grade lithium and caesium targets at its Igrejinha and Renaldinho projects while strategically entering the tungsten market with a sizeable new tenure in Brazil’s Seridó Mineral Province. The company is gearing up for trenching and drilling campaigns amid a tight cash position.

Alvo Minerals advances exploration at its Palma Copper-Zinc Project in Brazil, identifying several new high-priority prospects ready for drilling. The project already hosts a substantial 7.6Mt JORC resource, with ongoing work aiming to expand this base.

Core Energy Minerals has initiated its first aircore drilling program at the Cummins Uranium Project in South Australia, while confirming uranium mineralisation in Brazil and refinancing its convertible notes to support ongoing exploration.

Alvo Minerals has successfully closed its retail entitlement offer, raising $810,985 and bringing total proceeds from its recent capital raise to $1.56 million. The funds will support ongoing exploration at its Palma Cu/Zn Project and other mineral ventures in Brazil.