Progesys Appointed Project Engineering Managers and Sete Appointed for Environmental Impact Assessment at Tiros Titanium and Rare Earths Project Resouro Strategic Metals Inc. (ASX: RAU ; TSX-V: RSM ; FSE: 8TX ; OTC QB: RSGOF)
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Level 10, Kyle House, 27-31 Macquarie Place, Sydney NSW 2000 – Tel: + 61 407 123 143
Suite 250, 997 Seymour Street, Vancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948 Page 1 of 5
ASX: RAU
TSXV: RSM
OTCQB: RSGOF
TSXV/OTCQB Release: ASX Release:
15 January 2025 16 January 2025
Progesys Appointed Project Engineering Managers and
Sete Appointed for Environmental Impact Assessment at
Tiros Titanium and Rare Earths Project
Resouro Strategic Metals Inc. (ASX: RAU ; TSX-V: RSM ; FSE: 8TX ; OTC QB: RSGOF)
("Resouro" or the " Company") is pleased to announce the appointment of Progesys
International B Ltda , (“Progesys”), as Project Engineering Managers and Sete Soluções e
Tecnologia Ambiental (“Sete”) to complete the Environmental Impact Assessment ( EIA) for
the development of Resouro’s Tiros Titanium and Rare Earth Elements Project (“Tiros
Project” or “Project”) in Minas Gerais, Brazil.
Project Engineering Managers
Progesys (https://progesys.com/), a Canadian -founded company established nearly 20 years
ago, is a multidisciplinary project engineering management organization. It has offices in North
America, Latin America (Belo Horizonte, Brazil), Southeast Asia, the UAE, and Oman.
Progesys provides industrial project management services to the hydrocarbons, mining,
infrastructure, and transportation sectors. Since inception, it has been awarded US$1B in
development contracts and managed US$3B transition contracts to operations.
Progesys’ capability is highly relevant to the Tiros Project, deliver ing project management
services in engineering, quality assurance practices, environmental management, project
management, construction management, commissioning, risk management, and operations
readiness from a globally recognised engineering company.
Project Manager
Ms. Jordana Ferreira, Director of Industrial Projects for Progesys in Latin America, will lead
the Company’s project development activities including environmental and engineering
studies. Ms. Ferreira has a degree in Civil Engineering from The Maua Institute of Technology
University (Sao Paulo), a Mining Engineering Degree from the Curtin University Kalgoorlie
School of Mines in Australia, and post graduate qualifications in business management and in
engineering production.
Ms. Ferreira specialises in project management and transition to operations . Before joining
Progesys, Jordana spent seven years at Serra Verde (Brazil’s only operating rare earths project)
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Level 10, Kyle House, 27-31 Macquarie Place, Sydney NSW 2000 – Tel: + 61 407 123 143
Suite 250, 997 Seymour Street, Vancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948 Page 2 of 5
as engineering and process manager and brings to Resouro a unique set of skills and experience.
Jordana will work from Resouro’s Belo Horizonte Project office and will be supported by the
Progesys Belo Horizonte Office.
The appointment of Ms. Ferreira to direct project development by contract through Progesys ,
marks a significant step forward, aligning with the progress being made on the Company’s
ongoing initiatives. It allows the Company to manage a focused, but cost-effective project
development schedule while engaging the flexibility of professional personnel and services at
Progesys.
Environmental Impact Assessment
Building on Resouro’s current water studies at the Tiros Central Block, Sete has been appointed
to complete the EIA.
About Sete
Founded in 1997, Sete (https://sete-sta.com.br/) is one of the largest environmental consulting
companies in Brazil. Its permanent multidisciplinary technical team operates throughout Brazil
and around the world for several international major mining and industrial companies.
The studies that Sete will undertake will complement the approvals process for a mining licence
for the Tiros Project and the current community engagement programs that Resouro is
undertaking.
Alistair Stephens, CEO of Resouro, commented:
“The involvement of Progesys and Sete for engineering and environmental studies in the Tiros
Titanium and Rare Earth Elements Project is a significant milestone for Resouro. I am
confident Progesys are the right team to manage the Project’ s development, including
overseeing the preliminary feasibility a nd environmental studies produced by Sete, ensuring
the project progresses smoothly through to operations. Progesys’ proven capabilities, along
with Jordana’ s experience during the development phase at Serra Ve rde, will be highly
valuable in guiding us through the Project’ s key stages, positioning us for long-term success.”
Project Development builds on SEDE Partnership
As previously announced, Resouro has signed a non-binding Memorandum of Understanding
(“MOU”) with the Minas Gerais State Economic Development Department (“SEDE”) and the
Integrated Economic Development Institute (“Invest Minas”) (refer to ASX release dated 27th
November 2024, TSXV 26th November 2024).
The SEDE partnership provides the foundation for the State of Minas Gerais and Invest Minas
to assist with the advancement of Resouro’s Tiros Project. The partnership will allow the
Company to collaborate with Invest Minas to progress the Project’s development towards
permitting, construction and mining.
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Level 10, Kyle House, 27-31 Macquarie Place, Sydney NSW 2000 – Tel: + 61 407 123 143
Suite 250, 997 Seymour Street, Vancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948 Page 3 of 5
The appointment of Progesys to manage project development activities supports the
Company’s commitment to project development, in alignment with the SEDE and Invest Minas
MOU.
ONGOING WORK and NEXT STEPS
Resouro has a number of activities that will develop into near term announcement s on work
programs. The outcomes of these works are expected to form the basis for significant news
flow in the first and second quarter of calendar 2025.
Drilling Results and Mineral Resource Update
Assays from the 2024 drill program are currently in the SGS Geosol laboratory in Belo
Horizonte with assay results due in the near term. These are expected to form the basis of an
updated JORC Resource Estimate.
Advancing Technical Programs
Resouro is making significant progress with metallurgical test-works at laboratories in Brazil
and Australia for the separation and recovery for titanium dioxide, rare earths elements and
other by -products. These works are b eing performed at laboratories in Perth, CIT Senai
Laboratories in Belo Horizonte and at the University of São Paulo in Brazil. Initial results from
this work should be available in the first quarter of 2025.
Demonstration Plant and Scoping Study at Tiros Northern Block
In parallel with these programs, the Company is moving forward with planning for a
demonstration plant facility at the Tiros Northern Block, building on current metallurgical test
work and the development of an optimised metallurgical flowsheet. Further to these technical
programs, the Company will commence the highly anticipated first -stage Scoping Study,
leading to prefeasibility and definitive feasibility studies.
This announcement has been authorized for release by the Board of Directors.
Contact Information:
Chris Eager,
Executive Chairman
+44 7388 0579809
Alistair Stephens,
CEO
+61 488 992 544
Melissa Hamilton,
Media,
+61 417 750 274
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Level 10, Kyle House, 27-31 Macquarie Place, Sydney NSW 2000 – Tel: + 61 407 123 143
Suite 250, 997 Seymour Street, Vancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948 Page 4 of 5
About the Company
Resouro is a Canadian incorporated mineral exploration and development company, listed on
the ASX, TSXV, OTC QB and FSE, focused on the discovery and advancement of economic
mineral projects in Brazil, including the Tiros Titanium and Rare Earths and project in Minas
Gerais and the Novo Mundo Gold Project in Mato Grosso. The Tiros project represents 2 8
mineral concessions totalling 4 97 km2 located in the state of Minas Gerais, one of the most
infrastructurally developed states of Brazil, 350 km from Belo Horizonte, the state capital.
Resouro has released a Mineral Resource Estimate for the Tiros Project of 1.7 bn tonnes of
Inferred, Indicated and Measured Resource (reference: ASX release ASX: RAU dated 18th July
2024, TSXV 17th July 2024).
DOMAIN CAT TONNES (t) TiO2 (%) TREO (ppm) MREO (ppm)
HG (High Grade)
Inferred 42,000,000 23 8,700 2,200
Indicated 55,700,000 23 9,030 2,380
Measured 20,800,000 24 9,320 2,530
Sum 120,000,000 23 9,000 2,400
MG (Medium
Grade)
Inferred 620,000,000 11 3,500 950
Indicated 704,000,000 11 3,650 1,020
Measured 224,000,000 11 3,570 997
Sum 1,500,000,000 11 3,500 930
Totals 1,700,000,000 12 3,900 1,100
Note: Further details of the Company’s Maiden JORC MRE are contained within the Company’s announcement
of 18 July, 2024. Resouro is not aware of any new information or data that materially affects the information
included in the Company’s announcement of 18 July 2024 and that all material assumptions and technical
parameters underpinning the estimates referred to therein continue to apply and have not materially changed
Resouro Strategic Metals Inc., has the following capital structure at the time of this release.
TSXV Chess Depositary Interests 43,313,635
ASX Common Stock 49,276,414
Total on Issue 92,590,049
Shares in Restriction 1,642,000
Options (various strike prices) 16,581,259
Performance Rights 750,000
Fully Diluted Securities 109,921,308
Forward-Looking Information
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"intend", "believe", "anticipate", "esti mate" and other similar words, or statements that certain events or
conditions "may" or "will" occur. Although we believe that the expectations reflected in the forward -looking
information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Level 10, Kyle House, 27-31 Macquarie Place, Sydney NSW 2000 – Tel: + 61 407 123 143
Suite 250, 997 Seymour Street, Vancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948 Page 5 of 5
guarantee future results, performance or achievements. Consequently, there is no representation that the actual
results achieved will be the same, in whole or in part, as those set out in the forward -looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements
are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events
or results to differ materially fr om those anticipated in the forward -looking information. Some of the risks and
other factors that could cause the results to differ materially from those expressed in the forward -looking
information include, but are not limited to: general economic conditi ons in Canada and globally; industry
conditions, including governmental regulation and environmental regulation; failure to obtain industry partner
and other third party consents and approvals, if and when required; the need to obtain required approvals fr om
regulatory authorities; stock market volatility; liabilities inherent in the mining industry; competition for, among
other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological,
technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize
the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this
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The forward -looking information contained in this announcement is expressly qualified by this cautionary
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