Copper

ASX:AVB

Avanco Resources Limited (ASX:AVB) was recently featured in a publication for Hartleys which highlighted the Antas project in Brazil.

Avanco Resources Limited (ASX:AVB) was recently featured in a publication for Hartleys which highlighted the Antas project in Brazil.
As quoted in the report:

A recent site visit by Hartleys research confirms the ‘starter’ project is on track to produce ~12ktpa Cu & ~7kozpa Au from CY16 onwards. Commissioning of some parts of the plant will likely commence in early December with an official startup date of 29th March 2016. We estimate Antas generates EBITDA of ~$40mpa at spot and ~$60mpa at consensus prices. The Antas mine allows the Company to advance the nearby and much larger Pedra Branca (Stage 2) project which has potential to produce ~30ktpa Cu and ~25kozpa Au from CY18 for ~12 years or more.
Hartleys site visit to the Antas project saw a high standard of workmanship and safety akin to Australian standards. The project is currently on schedule, under budget and looking to finish within a build time of <12 months. Antas is one of only a small number of base metals mines currently being built by a junior on the ASX, this is testament to the technical ability and persistence of the AVB technical team. AVB recently increased the independence of the board with the addition of Vern Tidy as a Non-Executive Director, Vern is a Chartered Accountant with extensive corporate governance and financial compliance experience. We see the Antas project

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