Avanco takes option on Vale’s Pantera copper project

ASX-listed Avanco has agreed terms for an option to acquire 100% of the Pantera copper project from Brazilian major Vale, with a payment of $500 000 paid upon signing. Located near Avanco’s existing operations in the Carajás mineral province, in Brazil, the 9 7000 ha Pantera licence has the potential to significantly add resources, reserves and a longer-term production profile for the company.