Resouro Strategic Metals Inc. has unveiled a substantial maiden JORC-compliant Mineral Resource Estimate (MRE) for its Tiros Titanium and Rare Earth Elements Project in Brazil, marking a major milestone in the project’s development.
The Tiros Project boasts an impressive 1.7 billion tonnes of resources at 3,900 parts per million (ppm) Total Rare Earth Oxide (TREO), 1,100 ppm Magnet Rare Earth Oxides (MREO), and 12 per cent Titanium Dioxide (TiO2) across all resource categories.
Notably, the deposit includes a high-grade domain of 120 million tonnes at 9,000 ppm TREO, 2,400 ppm MREO, and 23 per cent TiO2.
Chris Eager, President, CEO, Director, and Founder of Resouro, expressed enthusiasm about the achievement, stating: “Completion of our maiden JORC-compliant Mineral Resource Estimate for the Central Block of the Tiros Rare Earth project marks a pivotal moment for Resouro Strategic Metals.”
He highlighted the resource’s favourable characteristics, including its near-surface location and consistently thick, highly weathered clay-like material.
The MRE places the Tiros Project among the largest undeveloped titanium and rare earth resources globally and in Brazil.
The project is strategically located in Minas Gerais, a state known for its well-developed infrastructure and mining industry.
Resouro’s future plans for the Tiros Project include in-fill drilling to define further JORC-compliant resources, metallurgical test work programs, and the completion of a Scoping Study in 2024 before progressing to prefeasibility studies.
The company also intends to conduct preliminary mining and environmental baseline surveys and studies to submit bulk mining trials.
This significant resource announcement positions Resouro Strategic Metals as a notable player in the rare earth elements and titanium sector, with potential implications for the global supply of these critical minerals.