Avanco Resources Ltd (AVB)
Avanco Resources Limited is an Australia-based exploration and development company. The Company's principal activity is the development and construction of the Antas Copper Mine, which is located in the Carajas Mineral Province of Para State in northern Brazil, and the exploration of Pedra Brance, which is the Company's copper project located approximately 50 kilometers southwest of Antas. It operates through one segment, which involves in the mineral project development for copper and gold. Its properties under Stage-1 project include Rio Verde, Serra Verde and Agua Boa; Stage-2 project include Pedra Branca; Terrative Carajas Option include Carajas Regional; Touro Nickel project include Trinade South, Regional exploration project include Carajas North; and Gurupi Gold Project1. Regional exploration activities focused on the power auger geochemistry program at Macacos prospect, located approximately 20 kilometers west of Pedra Brance.