The Araguaia Belt encloses a poorly constrained Pan-African (Brasiliano Cycle) continental suture marked by a series of (~750 Ma) ophiolitic units which, when properly characterized, could provide important informations on its geological history, closely linked with the Rodinia demise and further western Gondwana amalgamation. We present new bulk-rock and mineral major and trace element compositions for these ultramafic and mafic units. They mainly consist in fully serpentinized harzburgite, scarce dunite lenses and chromite pods, tectonically overlain by basaltic pillow lavas. Low Al2O3/SiO2 ratios (0.01 to 0.06), rather high MgO concentrations (42.28 to 45.29 wt%) and spinels' Cr# and Mg# ratios comprised between 0.36 and 0.51 and 0.59 and 0.72, respectively, indicate a depleted oceanic-like protolith. MORB-peridotite interactions are evidenced both by pyroxenite, olivine gabbro and diabase occurrences in the serpentinites and by high TiO2 (up to 0.42 wt%) contents in spinels from some Serra do Quatipuru serpentinites. These observations support that the Araguaia Belt ophiolitic bodies are the remnants of the upper mantle section of a MOR or subcontinental lithosphere. The serpentinites whole-rock REE content can be modeled as resulting from a dry partial melting involving 14 to 24% of melt extraction, coupled with refertilization by fertile melts, generated deeper in the mantle. Such an oceanic-like setting is also supported by the N-MORB signature of Serra do Tapa and Morro do Agostinho pillow lavas basalts. All together, these results tend to infirm the supra-subduction zone (SSZ) setting previously proposed for these ophiolitic units. Important LILE, B and Li enrichments in the serpentinites likely result from a metasomatic event involving sediments-derived fluids that occurred during the obduction of the units on the Amazonian Craton. Our results combined with (1) the apparent scarcity of igneous crustal rocks, (2) the proximal nature of the metasedimentary rocks hosting the ophiolitic units, and (3) the occurrences of Amazonian Craton fragments eastward of the ophiolitic bodies, allow us to propose that the Araguaia Belt comprises a fossil ocean-continent transition (OCT) accreted on the eastern border of the Amazonian Craton.