Resouro lodges Mining Concession Applica3on for Novo Mundo Gold Project and Project Update Key project development milestone achieved for ANM Process No. 866.035/2009
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Suite 250, 997 Seymour Street, Vancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948
Suite 1.03, 17 Ord Street, West Perth, W A 6005 Australia – Tel: + 61 8 9389 2111
1 | Page
TSX-V Release ASX Release
23 July 2026 24 July 2026
Resouro lodges Mining Concession Applica3on for Novo
Mundo Gold Project and Project Update
Key project development milestone achieved for ANM Process No.
866.035/2009
Resouro Strategic Metals Inc. (TSXV: RSM, ASX: RAU, OTCQB: RSGOF, FSE: 8TX)
("Resouro" or the "Company") has marked a further step in the advancement of the Novo
Mundo Gold Project (“Novo Mundo”) in Mato Grosso, Brazil. Its wholly owned Brazilian
subsidiary, Ison do Brasil Mineração Ltda., successfully lodged the Mining Concession
ApplicaNon (Requerimento de Lavra) for ANM Process No. 866.035/2009 on 16 July 2026 .
"Lodging of the Mining Concession ApplicaNon is a key regulatory step toward converNng
our trial mining operaNon at Novo Mundo into a fully licensed, long-term producing asset,”
said Christopher Eager, Resouro’s Chief ExecuNve Officer. “It reflects the steady execuNon
of our permi‘ng strategy in the Alta Floresta Gold Province and moves us closer to
establishing Novo Mundo as a sustainable cash generator for Resouro."
The area covered by ANM Process No. 866.035/2009 comprises around 930 hectares and
is the subject of a trial mining operaNon being conducted under a Guia de UNlização,
pursuant to the previously announced Binding Mining and Processing Agreement for Novo
Mundo.
The submission of the Mining Concession ApplicaNon represents the next stage in the
ANM licensing process for Novo Mundo, and once granted, will authorize long -term
commercial mining of the area. It further strengthens Resouro's posiNon as a growing gold
developer with a meaningful presence in the highly prospecNve Alta Floresta Gold
Province, one of Brazil's prolific gold-producing regions.
This announcement has been authorized for release by the Board of Directors.
Contact Informa,on:
Christopher Eager
Chief ExecuNve Officer
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Suite 250, 997 Seymour Street, Vancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948
Suite 1.03, 17 Ord Street, West Perth, W A 6005 Australia – Tel: + 61 8 9389 2111
2 | Page
About Resouro Strategic Metals
Resouro is a Canadian mineral explora>on and development company focused on the discovery and
development of economic mineral projects in Brazil. Its flagship Tiros Titanium and Rare Earth Elements
Project comprises 28 mineral concessions totalling 497 km2 in the state of Minas Gerais, one of Brazil’s
most infrastructurally developed states. The Tiros Project is supported by a JORC-compliant Mineral
Resource Es>mate and a Preliminary Economic Assessment for a starter opera>on. Resouro is also
developing the Novo Mundo gold project, located in Mato Grosso state.
Competent Person and Qualified Person Statement
The scien>fic and technical informa>on rela>ng to the Novo Mundo Gold Project contained in this
announcement has been reviewed and approved by Mr Rodrigo Mello, FAusIMM (Membership No.
209332). Mr Mello is a consultant to Resouro Strategic Metals Inc. and is a Qualified Person as defined in
Na>onal Instrument 43-101 – Standards of Disclosure for Mineral Projects and a Competent Person as
defined in the 2012 Edi>on of the Australasian Code for Repor>ng of Explora>on Results, Mineral
Resources and Ore Reserves. Mr Mello has sufficient experience relevant to the style of mineralisa>on and
type of deposit under considera>on and to the explora>on and technical ac>vi>es being undertaken to
qualify as a Qualified Person and Competent Person for the purposes of this announcement. Mr Mello
consents to the inclusion in this announcement of the scien>fic and technical informa>on in the form and
context in which it appears. Mr Mello is a shareholder of Resouro.
Forward-Looking Informa,on
This news release contains certain “forward-looking informa>on” within the meaning of applicable securi>es
law. Forward-looking informa>on is frequently characterized by words such as “plan” , “expect” , “project” ,
“intend” , “believe” , “an>cipate” , “es>mate” and other similar words, or statements that certain events or
condi>ons “may” or “will” occur. All statements other than statements of historical fact, included in this news
release are forward-looking informa>on that involve risks and uncertain>es. There can be no assurance that
such statements will prove to be accurate and actual results and future events could differ materially from
those an>cipated in such statements. Although we believe that the expecta>ons reflected in the forward-
looking informa>on are reasonable, there can be no assurance that such expecta>ons will prove to be correct.
We cannot guarantee future results, performance or achievements. Consequently, there is no representa>on
that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking
informa>on.
Forward-looking informa>on is based on the opinions and es>mates of management at the date the
statements are made and are subject to a variety of risks and uncertain>es and other factors that could cause
actual events or results to differ materially from those an>cipated in the forward-looking informa>on. Some
of the risks and other factors that could cause the results to differ materially from those expressed in the
forward-looking informa>on include, but are not limited to: general economic condi>ons in Canada, the
United States and globally; changes in na>onal and local government legisla>on, controls, regula>ons and
poli>cal or economic developments in countries in which the Company carries on or may carry on business
in the future; actual results of explora>on ac>vi>es; es>ma>on or realiza>on of mineral reserves and
resources; >ming and amount of es>mated future produc>on; costs of produc>on; development of acquired
mineral deposits; possible varia>ons in mineral grade or recovery rates; failure of equipment or processes to
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Suite 250, 997 Seymour Street, Vancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948
Suite 1.03, 17 Ord Street, West Perth, W A 6005 Australia – Tel: + 61 8 9389 2111
3 | Page
operate as an>cipated; accidents, labour disputes and other risks of the mining industry; >tle disputes; the
>ming and possible outcome of pending li>ga>on and the possibility of new li>ga>on; risks associated with
interna>onal opera>ons; risks related to joint venture opera>ons or other material customer or supply
agreements; risks related to the integra>on of acquisi>ons; fluctua>ons in the currency markets; opera>ng
or technical difficul>es in connec>on with mining ac>vi>es; mineral explora>on and development, including
the risks of obtaining necessary licenses and permits; geological, technical and drilling problems; compe>>on
for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms;
the need to obtain required approvals from regulatory authori>es; stock market vola>lity; vola>lity in market
prices for commodi>es; changes in tax laws and incen>ve programs rela>ng to the mining industry; and the
other factors described in our public filings available at www.sedarplus.ca. Readers are cau>oned that this
list of risk factors should not be construed as exhaus>ve.
The forward-looking informa>on contained in this news release is expressly qualified by this cau>onary
statement. We undertake no duty to update any of the forward -looking informa>on to conform such
informa>on to actual results or to changes in our expecta>ons except as otherwise required by applicable
securi>es legisla>on. Readers are cau>oned not to place undue reliance on forward-looking informa>on.
Neither the ASX, TSX Venture Exchange nor its Regula9on Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Suite 250, 997 Seymour Street, Vancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948
Suite 1.03, 17 Ord Street, West Perth, W A 6005 Australia – Tel: + 61 8 9389 2111
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APPENDIX: Novo Mundo Project History and 2026 T echnical Work Program
The Novo Mundo Gold Project has been the subject of extensive historical exploraNon by
Rio Tinto Zinco (RTZ), RJK Resources (RJK), Graben Mineraçäo (GMS), Nexa Resources
(Nexa), and Resouro.
An Independent T echnical Report prepared by GE21Consultoria Mineral (GE21) in support
of the Company’s ASX lisNng concluded that the project hosts mulNple porphyry–
epithermal gold targets, supported by geological mapping, geochemistry, geophysics,
trenching and diamond drilling.
During 2026, Resouro substanNally advanced exploraNon, permi‘ng and trial mining
acNviNes, culminaNng in the submission of the Mining Concession ApplicaNon.
Major Historical Milestones
Date Event Summary
1990s-2015 Historical Explora4on RTZ, RJK, GMS and Nexa
completed mapping,
geophysics, drilling and ANM
reports.
2022 Te s t w o r k Metallurgical testwork
demonstra4ng favourable gold
recovery characteris4cs.
April 2024 Independent T echnical Report GE21 completed Independent
Te c h n i c a l Re p o r t suppor4ng
Resouro’s ASX lis4ng.
March 2026 Te c h n i c a l S i t e V i s i t Field review, stakeholder
engagement, target ranking,
and 2026 explora4on program
defined.
April 2026 GU Renewal Guia de U4lização renewed
enabling con4nua4on of trial
mining.
June-July 2026 Explora4on Campaign Diamond drilling at Mineiro
Ta r g e t w i t h UAV surveys,
geological mapping, sampling,
core review and RFP
prepara4on.
June 2026 Tr i a l M i n i n g Stockpiled mineralized material
transported to BGM plant
under Guia de U4lização.
16 Jul 2026 Mining Concession Mining Concession Applica4on
lodged.
Resouro Strategic Metals Inc.
BC0430203 (Canada) ARBN 671 716 457 (Australia)
Suite 250, 997 Seymour Street, Vancouver, British Columbia, Canada V6B 3M1 – Tel: +1 403 807 2948
Suite 1.03, 17 Ord Street, West Perth, W A 6005 Australia – Tel: + 61 8 9389 2111
5 | Page
2026 Work Completed
• Comprehensive technical site review and stakeholder engagement.
• Validation of Mineiro, Nivaldo, Modesto, and Raimunda targets.
• Two diamond drill holes were completed at Mineiro intersecting hydrothermal
alteration and sulphides. Assay results are pending.
• Drone surveys, orthophotography, and Real-Time Kinematic (RTK) surveys.
• Rock and channel sampling of historical workings.
• Recovery and re-logging of historical Nexa drill core.
• Integration of historical exploration databases and target generation.
• Preparation of Final Exploration Reports for ANM.
• Trial mining and logistics testing under the Guia de Utilização.
• Preparation and submission of the Mining Concession Application.
Novo Mundo Project Development History
Since acquiring the Novo Mundo Gold Project, Resouro has systemaNcally advanced the
Project through technical evaluaNon, permi‘ng, and exploraNon programs aimed at
progressing the Project toward producNon.
The Project is supported by a substanNal historical exploraNon database compiled by
previous operators including RTZ, RJK, GMS, and Nexa, comprising geological mapping,
geophysical surveys, geochemical sampling, and diamond drilling. This historical work
formed the basis of the Independent T echnical Report prepared by GE21 to support the
Company's ASX lisNng, which confirmed the Project's prospecNvity and recommended
further exploraNon to define JORC Mineral Resources and expand known mineralized
systems.
During 2026, Resouro significantly accelerated development acNviNes. Following a
comprehensive technical review and site visit in March 2026, the Company commenced
an integrated exploraNon and development program including diamond drilling, UAV
surveys, geological mapping, rock and channel sampling, re-logging historical drill core,
integraNon of historical datasets, preparaNon of Final ExploraNon Reports, and
advancement of trial mining under the exisNng Guia de UNlização. Results from this
program will be announced once assay data is received and verified by a Qualified Person.
The Company also entered into a Binding Mining and Processing Agreement with BuriN
Gold Mineração Ltda. and Future Mining Ltda., enabling the commencement of trial
mining and bulk processing acNviNes while progressing long-term permi‘ng. This work
culminated in the submission of the Mining Concession ApplicaNon (Requerimento de
Lavra) for ANM Process 866.035/2009, represenNng another significant milestone in the
development of the Novo Mundo Gold Project.