Alvo Minerals Limited (ASX:ALV) is an Australia-based critical minerals exploration company focused on district-scale projects in central Brazil, including volcanogenic massive sulphide (VMS) base metals and ionic clay rare earth elements (REE). The company explores for copper, zinc, lead, silver, gold and REE deposits through its flagship Palma Cu/Zn VMS Project covering over 1,000 square kilometres with a JORC 2012 Inferred Mineral Resource Estimate of 7.6Mt at 2.0% copper equivalent; the adjacent 120 square kilometre Bluebush Ionic Clay REE Project prospective for heavy REEs; the 211 square kilometre Ipora REE Project in Goias State targeting ionic adsorption clay mineralisation; and the Lavra Velha gold-copper project in Bahia State spanning 55,000 hectares. Incorporated in 2019 and headquartered in Cottesloe, Australia, Alvo Minerals conducts aggressive exploration activities leveraging an in-country team equipped with advanced geophysical and geochemical tools, targeting open-pit and underground resources in the under-explored Palmeiropolis region and Brasilia fold belt. Recent developments include a 65% increase in the Palma Project's open-pit mineral resource estimate, early drilling success confirming massive sulphides at the Touro prospect, confirmation of ionic clay REE mineralisation with up to 90% extractions at Bluebush and Ipora, a non-binding letter of intent signed in March 2025 to acquire the Lavra Velha project from Pan American Silver for an initial US$1 million plus contingent payments, and a successful AU$2.2 million placement in November 2025 to accelerate Palma exploration.