Avanco Resources

West Perth-based Avanco Resources has announced outstanding assay results from its drilling program at the Rio Verde Copper Project in Brazil.

West Perth-based Avanco Resources has reached an agreement to acquire a 75 per cent interest in a nickel platinum project in northern Brazil.

West Perth-based Avanco Resources has raised $20 million via a placement to institutional and sophisticated investors to accelerate the exploration and development of its copper and nickel projects in Brazil.

Avanco Resources chairman Matthew Wood has exercised 6.2 million options to acquire shares in the company at a cost of 1.5 cents each, to increase his shareholding in the Brazilian-focused metals explorer to 24.1 million shares.

West Perth-based junior Avanco Resources has secured agreement for a $US12 million royalty-based investment deal with major resources investor BlackRock World Mining Trust.

West Perth-based junior Avanco Resources has completed an $18.1 million share placement as it looks to fast-track development of its Pedra Branca copper project in Brazil.

West Perth-based explorer Avanco Resources has raised $23 million through a share placement as it works towards development of its Antas and Pedra Branca copper projects in Brazil.

Non-executive director Colin Jones has been appointed non-executive chairman at Brazilian base metals explorer Avanco Resources, following the resignation of founding chairman Matthew Wood, who remains as a non-executive director.

Perth based copper explorer Avanco Resources has finalised a deal with global resources funds management giant BlackRock, which will provide $US12 million to fund development of the Antas North site in Brazil.

Copper explorer Avanco Resources has launched a $64 million capital raising to fund construction of its Antas project in Brazil into production.

Northern Minerals managing director George Bauk has been named the new chair of lithium miner Cobre Montana.

Welshpool-based Maca has posted a slight fall in profit for the financial year but increased revenue by 1 per cent, despite it being a tough time for contractors and mining services companies in the current market.

Special Report: Falling commodity prices have led some mining contractors to circle the wagons, but others are cautiously targeting opportunities.

Subiaco-based minerals explorer Avanco Resources has signed an earn-in agreement with Canadian Jaguar Mining for the Gurupi gold project in Brazil, while Spitfire Materials has acquired 100 per cent of a gold project in Western Australia.

Paul Thomson has signed a new service agreement with A-CAP Resources and will transition from his current role of managing director to chief executive.

Emerging Goldfields explorer NTM Gold Limited (ASX: NTM) (“NTM” or “the Company”) is pleased to announce it has raised $1.5 million in a heavily oversubscribed placement of new shares. The new shares were priced at 5¢, a modest 8% discount to NTM’s pre-trading halt close of 5.4¢ on January 11.

Avanco Resources has made several new management appointments to support its substantial commitments arising from the push for growth and development through to production of its significant copper and gold portfolio.

Following OZ Minerals’ 50.1% ownership of Avanco Resources, it has appointed Andrew Cole as non-executive chair, and Mark Irwin & Warrick Ranson as non-executive directors of Avanco.