Avanco Resources Managing Director Tony Polglase in Proactive Q&A Sessions

- March 3rd, 2016

In a recent interview with Proactive Interview Avanco Resources Limited (ASX:AVB) Managing Director, Tony Polglase, highlighted the development of two high grade copper projects within one of the best-endowed mineral districts in the world, the prolific Carajas mining region of Brazil.

In a recent interview with Proactive Interview Avanco Resources Limited (ASX:AVB) Managing Director, Tony Polglase, highlighted the development of  two high grade copper projects within one of the best-endowed mineral districts in the world, the prolific Carajas mining region of Brazil.
As quoted from the interview:

Avanco’s intent has always been to focus on copper, with the Carajas being the ideal target. It is probably host to highest number and density of IOCG (iron oxide copper gold) deposits globally. Vale operates 2 large copper-gold mines locally, the Sossego mine and the world-class Salobo mine, while it has more than a dozen undeveloped IOCG deposits in its portfolio, including Furnas, Paulo Afonso, Cristalino, Tarzan, 118, Serra Sul, Igarape Bahia, Pojuca, Gameleira, Grota Funda, Burrachudo, Santa Lucia.
In the very near term we will see the completion of commissioning, and the move to around 12,000tpa of copper and ~7,000oz of gold production. In the medium term we already have expansion plans on the table for Antas, which the board is examining, and we continue to move forward with studies for Pedra Branca. At the much larger Pedra Branca project we are examining a number of development options including starting small and expanding as and when the market improves. The later approach is less capital intensive and focusses on better grade and improves economics.
This strategy will potentially expand our production output in the near term and have Avanco well positioned to expand Pedra Branca as the copper price improves. Our exploration/development team is diamond drilling at Pedra Branca at present, to further this strategy as a priority. I know the board will continue to innovate and drive for value and this is what our shareholders expect. We are aligned with their expectations and we seek to continue our success through 2016 and beyond.

Connect with Avanco Resources Limited (ASX:AVB) to receive an Investor Presentation.

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