PVW Resources Sharpens Brazilian REE Focus with High-Grade Capão Bonito Drilling
PVW Resources has confirmed widespread, near-surface rare earth element mineralisation at its Capão Bonito East Block in Brazil, with high-grade intercepts up to 5,662 ppm TREO. The company is advancing metallurgical testing and expanding exploration across its Brazilian portfolio.
- Phase 1 drilling completed at Capão Bonito East Block
- 89% of holes intersected >500 ppm TREO, peak 5,662 ppm TREO
- Mineralisation is thick, shallow, and open at depth
- Metallurgical testing underway to confirm ionic adsorption clay characteristics
- Exploration expanding to nearby targets including Sguario and Mucambo
Strong Drilling Results at Capão Bonito
PVW Resources has delivered a compelling update from its Brazilian rare earth element (REE) projects, confirming widespread, high-grade mineralisation at the Capão Bonito East Block. The recently completed Phase 1 drilling program comprised 56 assay results, with an impressive 89% of holes intersecting more than 500 parts per million total rare earth oxides (TREO). Notably, peak values reached 5,662 ppm TREO, highlighting the project's potential as a significant REE resource.
The mineralisation is characterised by thick and shallow zones, with some intercepts extending up to 14 metres from surface. This near-surface profile suggests favourable conditions for low-cost extraction, a key consideration for advancing the project towards development. Importantly, many drill holes ended in mineralised zones, indicating that the deposit remains open at depth and inviting further exploration.
Expanding Exploration and Metallurgical Testing
PVW is not resting on these promising results. The company has submitted 450 samples for ammonium sulphate leach testing to SGS Geosol, aiming to confirm the ionic adsorption clay (IAC) nature of the mineralisation; a style known for its amenability to straightforward extraction methods. This metallurgical testing is critical to validating the economic viability of the Capão Bonito deposit.
Beyond Capão Bonito, PVW is broadening its exploration footprint with activities underway at nearby targets such as Sguario and Mucambo. Early assays from Sguario have already shown encouraging near-surface mineralisation with favourable metallurgical characteristics, reinforcing the potential for a regional REE hub in southeast Brazil.
Strategic Portfolio Focus
CEO Lucas Stanfield emphasised the strategic importance of Capão Bonito within PVW’s Brazilian portfolio, describing it as a cornerstone asset. The company is also evaluating precious metals projects in Brazil to complement its REE focus, while considering divestment or restructuring of its Australian gold assets. This portfolio optimisation aims to concentrate capital and operational efforts within a single, mining-friendly jurisdiction, enhancing shareholder value.
PVW’s experienced team, including exploration manager Karl Weber and metallurgist Gavin Beer, brings a depth of expertise to the company’s dual-commodity strategy. Their combined efforts are positioning PVW to capitalise on the growing global demand for rare earths, essential for clean energy technologies, alongside precious metals.
Next Steps and Market Implications
The immediate next phase involves infill drilling at 400-metre spacing to better delineate mineralisation geometry and target deeper zones beyond current auger limits. Assays from the Itapeva Target (West Block) are pending, and further exploration is planned for additional southeast targets including Carambeí and Cerro Azul.
These developments underscore PVW’s methodical approach to unlocking value in one of Brazil’s most promising REE provinces. The combination of high-grade, shallow mineralisation and ongoing metallurgical validation could position Capão Bonito as a key supplier in the critical minerals market.
Bottom Line?
PVW’s robust drilling results and strategic focus in Brazil set the stage for a potentially transformative rare earths project, with metallurgical tests and further drilling poised to define its true scale.
Questions in the middle?
- Will metallurgical testing confirm the ionic adsorption clay characteristics essential for economic extraction?
- How will PVW’s divestment or restructuring of Australian gold assets impact its capital allocation and exploration focus?
- What scale and continuity of mineralisation will infill and deeper drilling reveal at Capão Bonito and nearby targets?
