OZ Minerals Brazil

Avanco (ASX: AVB) is an emerging mid-tier copper company situated in the mining friendly,world class Carajas Mineral Province of Brazil. Avanco either owns, or holds the rights to 100% of the second largest area of mineral tenure in the Carajas region behind Vale SA. The Company is well positioned to potentially operate a number of high grade, low cost copper-gold mines in the region establishing Avanco as a profitable long life producer. The Antas was built on time, under budget with an exceptional commissioning and ramp performance during Q2 2016. Commercial production was declared in July 2016 for 12,000tpa of copper in concentrate and 7,000ozpa of gold bi-product credits. Whilst near term priorities are focused on life-of-mine growth, Brazil offers significant opportunities to enhance shareholder value through new discoveries, acquisitions or partnerships with neighboring majors and other companies.