Company News: Avalon Minerals
Updated: 20 Aug 2010
Both projects have been the subject of earlier mining operations and are part of large mineralised systems with strong potential for additional copper and zinc deposits within the landholdings.
The acquisition of the two advanced copper projects was a landmark achievement for the Company and has enabled Avalon to make significant progress towards near-term production and cash flow through early exploration success.
In addition to planning exploration programs, Avalon has now moved into mine design and mine optimisation studies as part of its feasibility planning, which aims to fast track the Viscaria project towards an early cash flow from production.
The recently acquired cluster of six closed historical copper – zinc mines at Adak, which is 300km south of Viscaria also provides potential for Avalon to grow its base metal inventory within northern Sweden.
Avalon has reduced its exposure to its grass roots Australian exploration projects to allow the Company’s funds and resources to be focussed solely on developing the Viscaria copper project.
Financial Information
- West Perth
- WA
- 6005
- Australia
Most Recent Company News
- Sweden: Strenght to strength - 21 Oct 2011 3:58pm
As iron ore moves to the fore, Sweden is on the up Read more... - Avalon plans Viscaria feasibility - 15 Oct 2010 11:18am
Avalon Minerals Ltd has begun a feasibility study for development of its Viscaria copper-iron project near Kiruna in Sweden after completing a prefeasibility confirming its potential Read more... - Avalon appoints Munckton - 27 Aug 2010 11:05am
Andrew Munckton, previously general manager of operations at Gindalbie Metals Ltd, has joined ASX-listed Avalon Minerals Ltd as managing director Read more... - Viscaria grows on results - 30 Jul 2010 11:31am
Results from a recent drilling programme and metallurgical testing at Avalon Minerals Ltd’s Viscaria copper-iron project in Sweden have convinced the company to increase the size of the operation being considered in the current prefeasibility study Read more... - Viscaria results - 11 Jun 2010 11:46am
Avalon Minerals Ltd’s recently-completed drilling at the D zone of its Viscaria copper-iron-ore property in Sweden has intersected further magnetite-copper mineralisation Read more...
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