Copper, lead and zinc mining rights in Palmeirópolis (TO)

closed

Qualified at the 1st Meeting of the PPI Council, on September 13, 2016, the Mining Rights Exploration Projects are part of the portfolio of the Investment Partnership Program (PPI) in the concession modality. The process involves the participation of partner agencies and institutions of the federal government. The Palmeirópolis polymetallic project, treated as such due to the associated presence of Pb-Zn-Cu-Cd-Ag-Au, is located in the municipality of the same name, in the southern region of the state of Tocantins. About 520 km from Goiânia, access is via the GO-080, BR-153 and GO-343 highways. Palmeirópolis is 130 km from the Belém-Brasília Highway and from there to the ore deposits, access is via unpaved municipal and/or local roads, with an average distance of 25 km. The CPRM areas comprise six mining processes, totaling 6,050 hectares, all with approved final research reports. Contract signed as published in the Official Gazette of the Union No. 52, of Tuesday, 03/17/2020. Contract no. 006/PR/2020 – Process no. 0146/DEAMP/2018, Promising Assignee: ALVO RESURS MINEAIS SPE EIRELI. – Intervenor: PERTH RESURSOS MINEAIS LTDA – Object: promise of assignment, and, if the conditions of the notice and applicable legislation are met, subsequent definitive assignment of the mining rights, described in Table 1 of the notice of Auction 001/2019. On 09/14/2021, representatives from Perth Recursos Minerais, a subsidiary of Alvo Minerals Limited, attended the Litoteca of the Geological Survey of Brazil (SGB-CPRM) in the municipality of Caeté, Minas Gerais, to begin work on the Project's geological research Palmeiropolis. At this stage, after postponing the start of activities due to the Covid-19 pandemic, data obtained by SGB-CPRM during the mineral exploration stage, carried out in the 1980s, will be recognized. field. On 03/04/2022, representatives of the Ministry of Mines and Energy, CPRM and the Investment Partnership Program (PPI) received from Perth Recursos Minerais the preliminary audit report that confirms the mineral potential identified by the Geological Survey of Brazil (SGB -CPRM) in the Palmeirópolis Polymetallic Complex.