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Resouro Strategic Metals Inc. Publishes JORC Resource for its Tiros Project in Minas Gerais, Brazil

Resouro Strategic Metals Inc. Publishes JORC Resource for its Tiros Project in Minas Gerais, Brazil

 

Resouro Strategic Metals Inc. (ASX: RAU; TSX-V: RSM, FSE: 8TX, OTC: RSGOGF) (“Resouro” or the “Company”) has announced a 1.7 Billion tonne Maiden JORC-compliant Mineral Resource Estimate (MRE) of 1.7 Billion tonnes for the Tiros Project in Brazil. The MRE makes Tiros the largest JORC combined REE and titanium deposit of its type known in the world.

The Project is in Minas Gerais, Brazil, 350km from the state capital of Belo Horizonte. The area is known for its mineral wealth, and additionally has excellent road, rail and port infrastructure. It also has environmental laws and broad community sentiment supportive of mining.

Figure 1: Tiros Ti and REE Project Location

Highlights of the Maiden JORC MRE for the Tiros Project:

The next steps at Tiros include: ongoing metallurgical testing to optimise rare earth and titanium recoveries; completing a scoping study; further exploration to expand JORC-compliant resources; conducting downstream studies and product testing.

Plan View of The Tiros Ti + REE Deposit (Tiros Central Block), Including Existing And Planned Drill Holes

Figure 2: Plan View of The Tiros Ti + REE Deposit (Tiros Central Block), Including Existing And Planned Drill Holes

Demand Drivers for Titanium and REEs

REEs and titanium are crucial for future energy security. They are mainly used in permanent magnets for batteries used in EVs and renewable energy storage, as well as electronics and communication technology.

Titanium is in high demand from the energy sector, as well as aerospace, defence, automotive, energy, paints and pigments, chemicals and healthcare.

China, the largest producer of REEs, has banned export of REE processing technology. As a result, countries are seeking alternative sources of rare earths. Brazil, Australia, the US and Thailand are moving ahead in establishing their own supply chains.

Figure 3: Global Electric Vehicles Sales Forecast 2040

Resouro listed on the Australian Securities Exchange in June, giving it dual listing on the ASX and TSXV.

The dual listing is expected to generate greater market awareness and liquidity, and better leverage the company’s ongoing exploration and metallurgical results.

As well as Tiros, Resouro’s other projects include the 167 km2 Novo Mundo Gold Project and 87 km2  Santa Angela Project, both in Mato Grosso within the highly prospective Alta Floresta Gold Province.

From the CEO’s Desk

Mr. Chris Eager, CEO of Resouro Strategic Metals Inc., stated, “Completing our maiden JORC-compliant MRE for the Tiros Rare Earth Project is a key milestone. The 1.7bn tonnes of Resources, with grades of 3,900ppm TREO, 1,100ppm MREO, and 12% TiO2, are in flat-lying, near-surface clay-like material. A domain of 120 million tonnes at 9,000ppm TREO, 2,400ppm MREO, and 23% TiO2 shows high-grade mining potential initially. With this substantial resource, additional tonnage is unnecessary. Infill drilling continues for mine planning and feasibility. We are committed to sustainable practices and community engagement.”

Mr Eager is also the founder and a major shareholder of Resouro and has an enviable track record in other miners, in Australia and South America. He has led Asia Energy as well as Monterrico Minerals (IPO at 52p peaked at 600p before an eventual takeout at 350p) on the AIM market.

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