Alvo Minerals’ new REE project is just down the road from recent ultra high-grade ionic clay discoveries
Special Report: Alvo Minerals is expanding its rare earths reach in Brazil with the acquisition of the Ipora project in Goias state, along strike from an emerging high-grade ionic clay-hosted REE discovery.
The acquisition of Ipora adds to the company’s relatively recent purchase of the Bluebush REE project, which is adjacent to the massive 911Mt @ 1,200ppm TREO Serra Verde ionic deposit – the only operating Tier 1 ionic REE mine outside China and neighbouring Myanmar.
Drilling carried out by Alvo Minerals (ASX:ALV) to date has intersected saprolite clay zones with widths of up to 28m and averaging 18m, with assays returning a top result in hole BLD004.
BLD004 intersected mineralisation 0.5m from surface to the interface of saprock and fresh rock at ~35m, averaging 1,090ppm total rare earth oxides (TREO), of which 24% were the more valuable magnet rare earth oxides (MREO).
The new 211km2 Ipora project has similar geology to and is adjacent to the PCH ionic clay project owned by Canada’s Appia Rare Earths and Uranium Corporation (CSE:API).
Recent drilling at PCH returned high REE results from surface over broad widths, including a notable 24m intersection grading an eye-popping 38,655ppm (3.9%) TREO – including 6,869ppm MREO – from surface to the end of hole at Target IV.
PCH is also considered to be prospective for niobium, cobalt and scandium – all critical minerals with applications in high strength alloys and advanced technologies – at the Buruti prospect.
Extensive visual clays along strike from PCH were observed by ALV managing director Rob Smakman and company geologists during a preliminary site visit of Ipora, which has been described as complementary to Bluebush, about 600km to the north.
Desktop work and general reconnaissance is under way at Ipora, with field work to begin once the bulk of the areas are granted – expected in coming weeks.
Ipora consists of three prospect areas – Tapir, Tatu and Snapper – all selected based on their geological and geophysical signatures.
Notably, Tapir and Snapper are interpreted to host alkaline intrusives similar to and along strike from Appia’s recent standout discovery at Target IV.
“We are thrilled to acquire the Ipora project after our in-house team identified the region as highly prospective for ionic clay hosted rare earths. Having visited the project area last week, we are confident that the knowledge we have gained from exploring at Bluebush will help us quickly and effectively explore Ipora,” Smakman said.
“We will continue looking for opportunities that mesh with our strategy of being an active Brazilian critical minerals explorer, whilst advancing at Bluebush and Palma. It’s going to be a big year for Alvo!”
This article was developed in collaboration with Alvo Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.