The Company is pleased to report commencement of the Pedra...

The Company is pleased to report commencement of the Pedra Branca1 Resource Upgrade drill programme. This follows encouraging progress pertaining to the Antas (Stage 1) debt facility. Two rigs have been mobilised with the first holes already collared. Avanco is seeking to add value to it second and proximal much larger Pedra Branca (Stage 2) high grade copper project by way of this infill drill programme. On completion the Company aims to roll out a Scoping Study supporting a “Decision to Mine” in 2015. Management anticipate aligning cash flow from Antas with development expenditure at Pedra Branca.