Latest Brazil News

Lightning Minerals has inked a binding deal to acquire Lotus Minerals, gaining advanced gold and copper projects in Queensland and New South Wales, with drilling set to commence within eight weeks. This strategic move diversifies its portfolio and taps into buoyant commodity markets.

Centaurus Metals has announced a maiden iron ore Exploration Target of 520-780 million tonnes grading 30-35% Fe at its Boi Novo Project in Brazil, alongside promising metallurgical testwork indicating high-grade concentrate potential.

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.

Power Minerals has completed a 2,272-metre drilling program at its Santa Anna niobium-REE-gallium project in Brazil, advancing its due diligence ahead of a potential acquisition. Results expected in July could pave the way for a maiden resource estimate.

Core Energy Minerals has initiated its first drilling campaign at the Cummins Uranium Project in South Australia, aiming to validate historic uranium anomalies and explore high-grade mineralisation potential.

PVW Resources has reported strong desorption test results from its Capão Bonito project in Brazil, confirming the presence of Ionic Adsorption Clay (IAC) style rare earth mineralisation with high recoveries of magnet rare earth oxides near surface.

Summit Minerals reports promising first-pass metallurgical results from its Equador Project in Brazil, showing strong potential for producing high-grade tantalum and niobium concentrates using straightforward density separation methods.

Enova Mining advances its CODA Central project in Brazil with six auger holes completed, targeting promising titanium and rare earth mineralisation. Assay results are anticipated by late July, alongside ongoing metallurgical testing to unlock processing pathways.

St George Mining secures robust local and state government support for its Araxá rare earths and niobium project in Brazil, launching community programs and accelerating exploration activities.

Ionic Rare Earths is advancing plans for multiple magnet recycling plants in the US, leveraging patented technology to produce high-purity rare earth oxides amid growing demand for sovereign supply chains.

Equinox Resources has reported final assay results from 44 drill holes at its Mata da Corda Project, confirming near-surface, high-grade titanium and rare earth mineralization with significant thicknesses. The vast project area remains largely unexplored, hinting at substantial upside potential.

Karoon Energy has successfully acquired 100% interests in six offshore blocks in Brazil’s Santos Basin, reinforcing its strategic position and increasing its 2025 capital expenditure guidance to US$120-140 million.