Alvo Minerals (ASX: ALV) Signs LOI to Acquire Lavra Velha Gold-Copper Project in Brazil

Mon 31 Mar 25, 03:04 AM | Team Kalkine

Image source: Shutterstock

Highlights

Alvo Minerals enters LOI to acquire Lavra Velha Gold-Copper Project from Pan American.

Project includes a 520,000oz gold resource and significant exploration potential.

Due diligence process underway, with an Asset Purchase Agreement to follow.

Alvo Minerals Limited (ASX: ALV) has announced a non-binding Letter of Intent (LOI) to acquire 100% of Pan American Silver Corp.’s (NYSE: PAAS) interest in the Lavra Velha Gold-Copper Project, located in Bahia State, Brazil. The project, which was deemed non-core following Pan American’s acquisition of Yamana Gold in 2022, offers significant exploration potential.

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