Avanco Resources Limited is an emerging mid-tier copper producer situated in Brazil


Avanco Resources Limited (“Avanco”) was an emerging mid-tier copper producer situated in Brazil. Its portfolio included the high-grade copper mine Antas North (“Stage 1”) and the Pedra Branca development project (“Stage 2”), as well as the CentroGold and Pantera Copper projects, along with a number of other exploration assets in the world-class mineral province of Carajas, in northern Brazil. Avanco successfully worked to secure the second largest tenement package in the Carajas region of Brazil, second to Vale1, which represented a rare and strategic land position. Appian worked with the management team from the PEA stage to bring Antas North into production and advance its growth portfolio.

On 27 March 2018,  OZ Minerals announced a friendly takeover offer for 100% of Avanco at a valuation of A$418 million. Appian maintained a close dialogue with OZ Minerals in the three years leading up to the acquisition and was closely involved in the negotiations, resulting in a 121% premium offer to Avanco’s share price on the day prior to announcement. The transaction closed on 9 July 2018.

For more information about Avanco and the transaction, please click here.

Ownership structure: Exited

AssetLocationCommodityStageMining Method
Antas NorthBrazilCopper-GoldOperatingOpen pit
Pedra BrancaBrazilCopper-GoldPFSUnderground
CentroGoldBrazilGoldScoping studyOpen pit
PanterraBrazilCopperResource estimateOpen pit

Atlantic Nickel

Nickel-Copper-Cobalt, Brazil
Find out more

Graphcoa Graphite Company of the Americas


Graphite, Brazil
Find out more

Mineração Vale Verde

Copper-Gold, Brazil
Find out more

Fortuna Silver (Roxgold) Exited

Gold, Burkina Faso & Côte d’Ivoire
Find out more

Avanco Resources Exited

Copper-Gold, Brazil
Find out more

Harte Gold Exited

Gold, Canada
Find out more

Peak Rare Earths Exited

Rare Earths, Tanzania
Find out more

Gippsland Critical Minerals

Critical Minerals, Australia
Find out more

Western Potash financing by Appian

Western Potash Corp

Muriate of Potash, Canada
Find out more

Vedra Metals

Zinc-lead-silver, Italy
Find out more

Pine Point

Zinc-lead, Canada
Find out more

Rosh Pinah Zinc

Zinc, Namibia
Find out more

Omnigen Energy

Solar parks, Brazil
Find out more


Graphite processing, USA
Find out more

Atlantic Strategic Minerals

Mineral Sands, USA
Find out more

USSM site


Nickel-Lithium-Cobalt-Copper, USA
Find out more