The Alvito license covers approximately 853 square kilometers of prospective ground in the Ossa Morena tectonic zone in southern Portugal.  Recent exploration work by Avrupa geologists concentrated on the Alcaçovas IOCG target portion of the license. The field work was highly successful, identifying potential for significant copper-gold mineralization in known and new occurrences.  In addition, outside of the IOCG area, exploration work led to the discovery of a previously un-documented, large epithermal silver-lead-zinc veining system, partially mineralized over a length of two kilometers. Additional prospecting work has also identified several potential precious metal-bearing, massive sulfide mineral occurrences within the license boundaries.

Many of the copper-gold-silver occurrences that were visited during the recon program lie within a 24-kilometer long, 4-kilometer wide belt, designated as the Alcoçovas Copper Belt (ACB), defined by anomalous copper and zinc soil geochemistry from over 66,000 soil samples collected by previous operators in the district.  The ACB coincides with a belt of igneous rocks of an age that is known to host mineral deposits in other parts of Europe and North Africa.  Classification of the deposit types is still ambiguous, but the most important showings are presently interpreted to be iron oxide-copper-gold (IOCG) type, which is an important metal host around the world.

In mid-2013, Avrupa geologists collected 144 rock chip samples on the license, centering around 16 separate prospect areas. A total of 14 of these samples contained greater than 0.4 ppm gold, up to 3.95 ppm gold.  Twenty-seven of the samples contain greater than 5 ppm silver, up to a high value of 160 g/t silver.  Forty-two of the samples carry greater than 0.25% copper, including twenty-six with greater than 1% copper.  Others carry strongly anomalous lead, zinc, and molybdenum values, as well.

Early work on the project was funded by the CalGen Exploration Alliance, which was in place at that time, with Callinan Royalties Corporation (now Altius Minerals Corporation), covering generative exploration throughout Portugal, and including specific prospect upgrade work on the Alvito IOCG license. Through the funding of the upgrade work at Alvito, Altius Minerals now holds a 1.5% NSR royalty on the Project.

On April 10, 2017, it was announced that Oz Minerals Ltd. (OZE) signed an earn-in option agreement to explore the Alvito project. The agreement allows for OZE to earn up to a total 75% interest in the project by spending AUS $4,000,000 over approximately 2½ years.