avanco exceeds half million tonnes of copper!, page-2

AVANCO EXCEEDS HALF MILLION
TONNES OF CONTAINED COPPER
The Company is pleased to report an exceptional 49% growth1 in JORC
Reported Mineral Resources at the (Stage II) Pedra Branca Project. This
interim upgrade increases the Company’s resource inventory to 555,000t
of contained copper.

The Company’s JORC Reported Mineral Resource Inventory for its
Brazilian Stage I & II Projects now stands at:
45.43Mt at 1.22% Copper, 0.30g/t Gold for 555,000 tonnes
of contained Copper and 445,000oz of Gold

This Stage II upgrade is attributed to: thickening of the Eastern zone,
discovery of additional mineralisation at the Western zone and
consistency of good results across wide spaced (100m x 100m) drilling.

The increase is an exceptional outcome from only 10 new drill holes
and illustrates the ease and potential for continued Stage II growth.

With only 40% of the programme completed, Stage II remains
completely open with step-out drilling yet to reach the limits of
mineralisation in any direction.

Avanco is within reach of the +600,000t target required to support a
+30,000tpa production objective from its Stage I and Stage II Carajas
copper projects.