GCIHarvest Minerals partners with PVW Resources on REE exploration at Arapuá project, Brazil
() , a producer of organic fertiliser, announced a partnership with PVW Resources, an ASX-listed company specialising in the advancement of rare earth element (REE) projects in Brazil. The collaboration aims to unlock the REE potential at Harvest's wholly-owned Arapuá project in Brazil.
Under the terms, PVW will provide technical expertise in evaluating the REE potential of Arapuá where previous studies have highlighted prospectivity. Results to date have been favourable, with recent assays returning REE contents of 1,176 ppm to 1,860 ppm of total rare earth oxides at Arapuá. The next batch of REE results is due in October 2024.
If ongoing results remain positive, Harvest expects to negotiate a transaction with PVW to "unlock the project's REE potential for mutual benefit." Harvest said it would continue to advance the project's fertiliser potential, which will not be impacted by the agreement with PVW.
Brian McMaster, Chairman of Harvest, commenting: "With the REE prospectivity of Arapuá already well documented, we are thrilled to collaborate with a team of PVW's calibre and expertise. This partnership opens the door to realising the REE potential of Arapuá, adding further value beyond our established low-cost, high-margin fertiliser business. Brazil has emerged as a major player in the international REE space and PVW is already making inroads into that space. We are extremely fortunate that they have seen the potential at Arapuá and agreed to team with us."
View from Vox
Harvest Minerals announces a new partnership with Australia-based PVW Resources, aiming to unlock the REE potential at 's Arapuá fertiliser project in Brazil. For context, Arapuá comprises 9 exploration mineral rights covering an area of 14,481 hectares, spanning the Arapuá and Maximus blocks. In 2017, Harvest established an initial MRE for Arapuá with a total Indicated and Inferred Resource of 13.07 million tonnes at 3.1% K2O and 2.49% P2O5.
Recently, has reported positive REE results from Arapuá, with rock samples showing total rare earth oxide (TREO) levels ranging from 1,176 ppm to 1,860 ppm, and historical lab analyses indicating TREO concentrations between 1,837 ppm and 4,117 ppm. The encouraging figures have prompted the to explore ways of adding value to Arapuá beyond its established fertiliser business. A two-phase work programme is currently underway, aiming to reinforce confidence in the project's REE potential, and the next set of results are expected in October 2024.
Brazil is an emerging hotspot of REE exploration, as demand continues to rise for rare earths used in modern technology, including cell phones, batteries, and wind turbines. PVW Resources is an established name in REE exploration, and the new partnership further validates the REE potential of Arapuá. The two companies have signed an initial 2-year agreement, with the possibility of advancing a transaction on the asset should positive REE data continue. This would represent a significant value inflection point for Arapuá and .
Follow News & Updates from Harvest Minerals:
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.