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ALV - ALVO MINERALS LIMITED


nipper
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Alvo Minerals Limited (ALV) 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 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.

 

Listing date ............ 06 October 2021 12:00 PM AEST ##

Contact details ......... http://www.alvo.com.au/

 

Principal Activities ...... Mineral exploration

 

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)

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