Alvo Minerals to acquire rare earth project in Brazil
Alvo Minerals Limited has entered into a binding agreement for the purchase the Bluebush Rare Earth Element project in Central Brazil, adjacent to Alvo’s existing Palmeiropolis exploration base.
Bluebush is located adjacent to and in the same geological setting as the Serra Verde Ionic Clay REE Project, which the company says is the only genuine Ionic Clay project currently in construction outside of China.
“The Project itself is located adjacent to the Serra Verde mine, the largest and most advanced ionic-clay REE project outside of China, and many of the attributes at Bluebush appear similar. Bluebush hosts high grades at surface, broad zones of saprolite which have barely been tested, and the mix of Magnet or Critical REEs to Total REEs appears very similar to those at Serra Verde," said Rob Smakman, Alvo’s managing director
“The opportunity at Bluebush only became available to Alvo through our local presence, with the vendors only interested in dealing with a team with proven exploration execution capabilities as we have demonstrated at Palma. Being privately held and focused on cashflow, the vendors have concentrated on the alluvial potential of the Project and only scratched the surface for ionic clay hosted REEs. We plan to rapidly test the ionic clay mineralisation potential at Bluebush, which is such a similar exploration setting to that of Serra Verde.