Nickel acquisitionACQUISITION COMPLETE ANDPOTENTIAL FOR HIGH...

Nickel acquisition

ACQUISITION COMPLETE AND
POTENTIAL FOR HIGH GRADE
Ni-Cu-PGM�s IDENTIFIED
The Company is very pleased to confirm completion of the transaction
for the rights to acquire a 75% interest in the highly prospective
Concei��o Nickel Platinum Project as announced previously1.
Outstanding due-diligence results including rock-chip assays have
returned strongly anomalous base and precious metal values including
one very high grade sample:-
ROCK CHIP AV-9778
 1.95% NICKEL
 17.54% COPPER
 4.17g/t PLATINUM
 12.19g/t PALLADIUM
 1.62g/t GOLD
HIGHLIGHTS
 Transaction closed for Avanco to earn into 75% of the
Concei��o Project in Carajas, Brazil which has never been
drilled for nickel sulphides or PGM�s.
 Field reconnaissance and limited rock chip samples have
confirmed the significant potential for the discovery of high
grade nickel-copper-PGM sulphides.
 Mineralogy studies from fresh samples collected in the area
have identified primary sulphides as pentlandite (primary Ni
ore mineral), chalcopyrite (primary Cu ore mineral) and
pyrrhotite, a key mineral assemblage observed in most Ni-Cu-
PGM deposits.
 Local soil geochemistry surveys over historical geophysical
targets clearly show at least two strong and coincident nickelcopper
anomalies trending WNW to over 1,000m. Soils
returned peak nickel and copper values of 1,843ppm and
1,391ppm respectively. Both anomalies are open on strike.
Sample AV-9778 was recovered from gossanous ultramafic saprock, and
exhibits results typically associated with magmatic nickel-copperplatinum
group metal (PGM) massive sulphides. The gossan boulder,
which was discovered at the edge of an anomalous ultramafic formation,
is consistent with soil geochemistry results and disseminated sulphide
mineral assemblages in fresh outcropping ultramafic rocks sampled in the
immediate proximity. These very encouraging results indicate that the
Project is highly prospective for the discovery of high grade nickelcopper-
PGM�s.
Re-interpretation of historical exploration and geophysical data continues
with a number of new targets having been identified and deserving of
closer investigation. Soil geochemistry grids are now being extended and
ground geophysics scheduled to prioritise drill targets for inclusion in the
current 50,000m copper and nickel-platinum drilling programme. Regular
exploration up-dates for the Concei��o Project are anticipated for the
coming months.

Cheers

Sheeza