PVW Resources Uncovers High-Grade Rare Earths in Brazil, Boosts Team Expertise

Exploration Momentum at Capão Bonito

PVW Resources Ltd (ASX: PVW) has delivered a robust update on its Brazilian rare earth element (REE) portfolio, with significant progress at the Capão Bonito Project in São Paulo state. The company has completed 51 auger drill holes at the East Block and is actively drilling an additional 15 holes at the West Block. Recent assay results from 11 holes confirm substantial near-surface mineralisation, with several holes reporting Total Rare Earth Oxides (TREO) concentrations exceeding 1,000 parts per million (ppm), a promising indicator that the mineralisation extends beyond the current drilling depths.

Notably, standout intervals include 17 meters at 1,098 ppm TREO and 16 meters at 1,753 ppm TREO, underscoring the project's potential as a cornerstone asset within PVW's portfolio. The mineralisation typically begins at shallow depths of four meters or less, which could facilitate lower-cost extraction methods in future development phases.

Expanding Footprint and Technical Expertise

Beyond Capão Bonito, PVW has commenced first-pass field reconnaissance at the Mucambo Project in Ceará, planning 20 auger holes to assess this geologically analogous target to China’s prolific Ionic Adsorption Clay (IAC) deposits. This expansion reflects PVW’s strategic approach to building a diversified REE portfolio across Brazil’s underexplored terrains.

Complementing its exploration efforts, PVW has appointed Gavin Beer, a globally recognised rare earth metallurgist, as a consulting metallurgist. Beer brings over 35 years of international experience in metallurgical test work and process development, particularly in critical metals like rare earths and lithium. His expertise is expected to accelerate PVW’s metallurgical test programs, including ammonium sulphate leach testing underway at SGS Geosol, which aims to confirm the IAC nature of the mineralisation and assess recovery potential.

Strategic Positioning in a Growing Market

PVW’s Brazilian portfolio now encompasses 11 IAC REE projects across two main hubs: the Southeast Hub, including Capão Bonito, Sguario, Cerro Azul, and Carambeí; and the Midwest Hub, featuring projects such as São Vicente and Três Córregos. These projects benefit from favourable infrastructure, proximity to major ports like Santos and Paranaguá, and geological settings analogous to China’s dominant IAC deposits.

PVW’s use of AI-driven target generation and data-driven exploration strategies, combined with its growing in-country technical team, positions the company to systematically unlock value in Brazil’s emerging rare earth sector. The company’s CEO, Lucas Stanfield, emphasised the momentum gained from recent drilling and metallurgical advancements, highlighting PVW’s commitment to sustainable, low-impact exploration aligned with global electrification and decarbonisation trends.

Looking Ahead

PVW plans to complete the remaining Phase 1 drilling at Capão Bonito’s West Block, receive assay results from the Mucambo reconnaissance, and continue metallurgical assessments across its Brazilian projects. Further exploration is slated for priority targets in Minas Gerais and Bahia, with follow-up drilling anticipated at Sguario and Mucambo based on upcoming assay outcomes.

As global demand for magnet rare earths intensifies, PVW’s strategic focus on Brazil’s Ionic Adsorption Clay deposits offers a promising pathway to contribute to diversified, sustainable rare earth supply chains beyond China’s dominance.