Alvo Minerals Limited (AU:ALV) has released an update.
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Alvo Minerals Limited has announced a promising quarter, securing a $4.2 million placement at a 25% premium, backed mainly by Ore Investments Ltda., and receiving the first $4 million tranche. Significant high-grade copper-zinc intercepts were reported at their Palma VMS Cu-Zn Project, with plans to define a maiden mineral resource soon. Additionally, the company has expanded its portfolio by acquiring the new Ipora REE Project, promising further exploration in the high-grade rare earth element sector.
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