Avanco Resources (ASX: AVB) 1 March 2017

Suite 3, 257 York Street

Subiaco, WA 6008

PO Box 1726

West Perth, WA 6872

Tel: +61 8 9324 1865

Fax: +61 8 9200 1850

Contacts:

Nicholas Bias

Head of Corporate Affairs nbias@avancoresources.com Tel: +44 (0)7771 450 679

Phil Retter Investor Relations

NWR Communications phil@nwrcommunications.com.au Tel: +61 407 440 882

For the latest news:

www.avancoresources.com

Directors:

Colin Jones Tony Polglase Simon Mottram Luis Azevedo Vern Tidy

Luiz Ferraz

Management: Scott Funston Wayne Phillips Nicholas Bias Otávio Monteiro

EUROZ SECURITIES INITIATES RESEARCH COVERAGE ON AVANCO

Avanco Resources Limited (ASX:AVB) is pleased to announce that Perth based stockbroker Euroz Securities has initiated research coverage on the Company.

The research note is available for viewing on Avanco's website in the Investor Centre.

Tony Polglase

Managing Director

1

ABOUT AVANCO

  • Avanco (ASX: AVB) is an emerging mid-tier copper and gold company situated in the mining friendly world class Carajas Mineral Province in northern 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.

  • Management has been successful in financing the development of the Antas Copper Mine via an equity capital raising placing Avanco in a strong position, i.e. fully funded into production whilst remaining debt and covenant free.

  • The Antas Mine was built on time, under budget with an exceptional commissioning and ramp up performance.

  • Commercial production was declared in July 2016 for 12,000tpa of copper in concentrate and 7,000ozpa of gold by-product credits.

  • Avanco has engaged MACA (ASX: MLD), an Australian mining contractor group for the Antas open pit.

  • Antas is producing a desirable, clean copper concentrate and the Company has executed a three-year offtake contract.

  • Development of the nearby Pedra Branca East and Pedra Branca West projects have the potential to increase Avanco's production to approximately 50,000tpa of copper with gold credits.

  • Study of an initial, smaller scale operation at Pedra Branca East is at an advanced stage as a pre-cursor to full scale development with construction of access commenced.

  • The company is also undertaking studies at the nearby CentroGold Project, where the resource base as grown to over 1.2 million ounces at 2.0 g/t gold, with the potential to increase further.

  • The Company is supported by institutional shareholders: Blackrock World Mining Trust, Appian Natural Resources Fund, Greenstone Resources and Glencore.

  • Avanco is managed by highly experienced international and Brazilian mining professionals, most of whom are Portuguese speaking and reside in Brazil.

  • 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 neighbouring majors and other companies to increase exposure to copper and gold assets.

For further information, please contact: Nicholas Bias Phil Retter Head of Corporate Affairs Investor Relations

nbias@avancoresources.com phil@nwrcommunications.com.au

Tel: +61 497 888 227 / +44 (0)7771 450 679 Tel: +61 407 440 882

2

Avanco Resources Limited published this content on 01 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 February 2017 23:22:06 UTC.

Original documenthttp://www.avancoresources.com/content/wp-content/uploads/2017/03/EurozSecuritiesInitiatesResearchCoverage01Mar17.pdf

Public permalinkhttp://www.publicnow.com/view/4E7CB0074BAC688B78119298A60412B3C729580A