Alvo Minerals (ASX:ALV) acquires Ipora REE Project in Brazil

Alvo Minerals has acquired the Ipora Rare Earth Element Project in central Brazil, situated in a newly discovered REE province with recent high-grade ionic clay findings.

Covering 211km2 in Goias State, the Ipora Project exhibits exceptional ionic-clay rare earth mineralisation potential.

The company aims to leverage its in-country team for efficient exploration. The Ipora REE Project spans 13 tenements in Goias state, with the first tenement granted on Jan. 26.

Alvo's exploration focuses on three prospect areas – Tapir, Tatu, and Snapper – with geological and geophysical characteristics similar to recent regional discoveries.