ALV - Alvo Minerals

[System]

Alvo Minerals Limited is a base and precious metals exploration company, with a focus on the under explored Palmeiropolis region of central Brazil. Alvo, through its subsidiary Alvo Brazil, holds an interest in the Palmeiropolis Tenements, the exploration permits associated with the Palmeiropolis Volcanogenic Hosted Massive Sulphide Project explored by the Brazilian Federal Geological Survey throughout the 1970s and 80s and acquired by Alvo in public auction in 2019. The Palmeiropolis Tenements, along with Alvo’s interest in nearby and adjacent exploration permits and permit applications comprises the Company’s Palma Project.

Following successful completion of its IPO, Alvo will implement an aggressive exploration strategy over the Company's Palma Project with the view to becoming, in time, a developer and ultimately producer of base and precious metals from opportunities in Brazil.

It is anticipated that ALV will list on the ASX during September 2021.

Alvo Minerals Limited • ASX:ALV

Alvo Minerals Limited is a critical minerals exploration company, with a focus on the under-explored Palmeiropolis region of central Brazil.

www.alvo.com.au

 

[Dona Ferentes]

Listing date	24 September 2021 #
Contact details	http://www.alvo.com.au/ Ph: (03) 9692 7222
Principal Activities	Mineral exploration
GICS industry group	TBA
Issue Price	AUD 0.25
Issue Type	Ordinary Fully Paid Shares
Security code	ALV
Capital to be Raised	$10,000,000
Expected offer close date	03 September 2021
Underwriter	Not underwritten. Discovery Capital Partners Pty Ltd and Foster Stockbroking Pty Ltd (Joint Lead Managers)

 

[Dona Ferentes]

The has been a nice stag for ALV investors on the day of its IPO.

the 25c shares opened at 37c and have held around or above for most of the first hours of trading. Now 39c

 

[Dona Ferentes]

The 25c shares opened at 37c and have held around or above for most of the first hours of trading. Now 39c

and a kick to close at 41c ...

Palma VMS district - 5 outcropping prospects.
Volcanogenic massive sulfide ore deposits typically occur in clusters - only the outcropping prospects drilled to date
• Alvo won first ever Federal Government Auction in Feb 2020 (~60km2) and has since added to extensive exploration tenure (~452km2)
• Project acquisition details:

• Deposit ~A$120k –PAID. 1.71% Royalty* to CPRM - WINNING BID
• Signing payment ~A$560kPAID-Due Diligence underway
• Exploration (drilling) commitment of ~A$3.5M**over 36 months-starting once DD is complete (timing at Alvo’s election).
• Staged payments on completion of satisfactory exploration within 3 years. ~A$1.5 M**on title transfer (subject to successful exploration) and ~A$1.8M** on granting of mining license

• ~14,000 Stream sediments and soil samples-driving exploration. 32km of drilling. 2008 third party VTEM survey-multiple late-time conductors identified-untested by drilling

..... early days. A $30mill M/C hopeful.

 

[bk1]

Drilling underway and the first sulphide intercepts reported today. To be clear, this initial drilling is to confirm the exploration that took place 30 years ago and to infill the mineral estimate.
Chief geologist has extensive knowledge of Brazil and this area.
On the share register: Paragon, Sprotts and initial position by Lowell Resources.
Hoping for another CTM...

Hold

 

[Dona Ferentes]

ALV has had a few runs and retraces ... now pushing REEs in their Brazilian interests. Serra Verde is operational and Bluebush is nearby.

.
Commenting on a recent program, managing director Rob Smakman said it was “another outstanding milestone at Bluebush”, with confirmation that saprolite clay depth profile significantly extends below the depth profiles previously defined by auger drilling.

“The 28m of saprolite clay intersected in proximity to the exceptionally high-grade drill hole BRL008 is exciting, especially delivering this result so soon after receiving confirmation that Bluebush is a true ionic adsorption clay project with individual MREO recoveries being as high as 83%,” he said.

With over 130 auger holes and the first batch of diamond holes now being shipped to the lab, ongoing auger and diamond drilling, regional exploration through handheld auger drilling and the initiation of the Loupe geophysical surveys, there is plenty of newsflow leading into the end of CY2023 from the Bluebush Ionic REE project.

“These diamond drill results illustrate the depths of clay horizons within the Bluebush project, which is adjacent to and on the same geological setting as the world-class Serra Verde IAC mine.”

 

[Dona Ferentes]

still got this in my ionic clay REE list... with a $20M cap, they're plugging away.

.... though today in a TH, awaiting an announcement regarding a material transaction and exploration update.