Tiros Drilling Continuing to deliver High Grade Results
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Resouro Strategic Metals Inc
Tiros Drilling Continuing to deliver High Grade Results
Toronto, Ontario - (Newsfile Corp. – March 13, 2024) - Resouro Strategic Metals Inc. (TSX-V: RSM) (FSE:BU9)
(“RSM”, "Resouro" or the "Company") is pleased to provide an update on activities at the Tiros Rare Earths
and Titanium project in Brazil (“Tiros Project” or “Project”).
Highlights from the latest drilling results include:
ACTIR33 – 40 metres at 4,343ppm TREO 1,000ppm NdPr and 11.46% TiO2, from 10 metres
ACTIR36 – 40 metres at 4,576ppm TREO and 928ppm NdPr and 15.15% TiO2, from 6 metres
Exploration
The drilling campaign at Tiros has been designed to increase the geological understanding of the Tiros
central Mineral Rights to enable a geological resource model to be produced and to estimate a Maiden
JORC Resource. A large number of samples from the recent drilling are still at the laboratory awaiting
analysis. The results announced to date, including those in the Company's announcement of January 18,
2024 - “Recent Drilling Results Released Producing Highest Grade/Thickness Results from the
Tiros Project”) together with the results detailed in this announcement, demonstrate the significant
potential for Tiros to be an industry leading project.
Selected Intercepts from the latest drilling at Tiros include;
Hole_ID From To Thickness TiO2 % NdPr ppm TREO ppm
ACTIR-27 39 43 4 22.84 1,984 8,676
ACTIR-28 32 36 4 24.60 1,829 7,958
ACTIR-31 35 45 10 21.76 1,595 7,980
ACTIR-32 51 54 3 23.33 2,316 10,456
FDTIR-01 15.4 21.4 6 23.03 2,413 10,028
FDTIR-02 35 45 7 17.09 1,763 7,012
FDTIR-03 3 10 7 22.86 2,083 9,310
To date the orebody is open in all directions and has continued to show drilling and assays in all directions
containing the typical high-grade materials found and reported to date. For the full details refer to
Table -1, see below for the details. The potential quantity and grade is conceptual in nature. There has
been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result
in the target being delineated as a mineral resource.
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Hole_ID From To Thickness TiO2 % NdPr ppm TREO ppm
ACTIR-25 44 59 15 10.04 973 4,085
ACTIR-27 30 46 16 15.69 955 4,456
Includes 39 43 4 22.84 1,984 8,676
ACTIR-28 32 80 48 12.31 845 3,713
Includes 32 36 4 24.60 1,829 7,958
ACTIR-29 45 74 29 12.11 894 3,943
ACTIR-30 18 48 30 10.93 1,065 4,481
ACTIR-31 33 59 26 15.13 1,458 6,410
Includes 35 45 10 21.76 1,595 7,980
ACTIR-32 51 63 12 13.80 1,203 5,306
Includes 51 54 3 23.33 2,316 10,456
ACTIR-33 10 51 40 11.46 1,000 4,343
ACTIR-34 53 67 14 14.00 1,102 5,166
ACTIR-36 6 46 40 15.15 928 4,576
ACTIR-37 22 49 27 10.47 624 3,198
ACTIR-38 20 56 36 11.89 688 3,278
ACTIR-39 6 7 1 8.59 1,250 4,378
FDTIR-01 12.4 21.4 9 20.15 1,752 7,930
Includes 15.4 21.4 6 23.03 2,413 10,028
FDTIR-02 34 58 17 12.47 1,274 5,226
Includes 35 45 7 17.09 1,763 7,012
FDTIR-03 3 26 18 14.58 1,731 6,972
Includes 3 10 7 22.86 2,083 9,310
Table -1 Recent Assay Results from the Tiros Central block exploration program showing globally significant grades and
orebody thickness
Exploration has focused on the Tiros Block located in the centre of the Project Area, which makes up
approximately 9% of the total 477km2 Tiros Project (see Figure 1). RSM recently acquired additional
Mineral Rights in the Northern and Southern areas, and initial exploration data indicates similar potential
to the Tiros central tenements. Resouro’s exploration team has developed a scout drilling plan to further
assess the potential of Capacete Formation identified in the new Mineral Rights.
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Figure 1 The Tiros Project showing the recently completed exploration in the Tiros central tenements (yellow) and the recently
approved and existing tenements to the north and south presently being scheduled for exploration
Metallurgical Testwork
Resouro has commenced engaging a number of leading laboratory and subject matter experts to
undertake conventional Ionic Clay Extraction and non-conventional tests that have shown promise of
much greater recoveries seen in the industry. Works that will be undertaken are targeting towards
producing a series of flowsheets options to produce Mixed Rare Earth Carbonates and TiO2
Concentrates. This work will include an extensive program including;
1. Physical and chemical characterization of the representative samples
§ granulochemical analysis;
§ petrographic study;
§ X-ray diffractometry;
Exploration License
Mining Concession Request
Newly Approved Exploration
Licenses
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§ SEM-EDS;
§ characterization of natural fines and fines grinding;
§ comminution, particle size separation;
§ measurement of the degree of release;
§ studies of physical concentration, with emphasis on magnetic separation.
2. Studies of enrichment of raw materials (hydrometallurgy and pyrometallurgy operations) and
processing / use of tailings stability of crystalline phases versus temperature variation;
§ chemical reactivity tests - dependence on chemical reagent concentration, temperature and
reaction time,
§ mass recoveries, filtration rates and tailings disposal,
§ chemical processing, mass balance and energy route,
§ optimization of the variables of the technique and consumption of raw materials,
§ obtaining and characterizing the product(s),
§ Processing flow chart, material balance and energy.
Quality Assurance Quality Control
A QA/QC program is in place for every batch of samples sent to the laboratory including blanks, different
types of standards, for REE and titanium, and also field duplicates. Further, a number of samples in each
batch are later chosen for testing in a secondary laboratory and in the primary laboratory, as pulp or
coarse duplicates.
Qualified Person
The technical content of this news release has been reviewed and approved by Rodrigo Mello B.Sc.
Geology, FAusIMM and a qualified person as defined by National Instrument 43 -101. Mr Mello has
reviewed and verified the drilling and assay data included in this announcement.
Next Steps
Drilling at Tiros has produced consistently thick intercepts at elevated Rare Earth and TiO2 grades which
provides Resouro with a high level of confidence to proceed to further technical studies. The next step is
to estimate a JORC Compliant Resource Exploration Target and then incorporate all of the assays from
samples pending from the laboratory with the aim to produce a Maiden JORC Resource. This information
together with the results of Metallurgical test-work, when received, will be used to build a comprehensive
Geo-metallurgical model of the deposit. The Geo-metallurgical model will be the be the foundation for the
Company's technical studies.
Commenting on the latest drilling and assay results and exploration update for the Tiros Project, CEO
and President of Resouro, Chris Eager, commented:
“The remarkable thing about Tiros is the consistency and continuity of high TREO grades and very high
NdPr grades strongly correlated with extremely high TiO2 Grades. The orebody is unconstrained in every
direction including depth and combined with our recently approved northern and southern tenements,
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highlight the potential of the scale of the Tiros Project. For this reason, the Board has approved the
advancement of the project technical studies which is under detailed review. This work is intended to highlight
the potentially significant value that could be derived from the Tiros asset. I am looking forward to sharing
detailed results on this work over the coming months.”
On behalf of the Board of Directors,
Chris Eager, President & CEO
RESOURO STRATEGIC METALS INC.
For further information, please contact the Company at:
Chris Eager, CEO
+44-738-805-7980
Forward-Looking Information
This news release contains certain "forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or
"will" occur. In particular, this news release includes forward-looking information regarding exploration and drilling
activities, the potential for Tiros to be an industry leading project and the Company’s plans relating to metallurgical
testwork and further technical studies. 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
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 from 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 conditions 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 from regulatory authorities
including TSX Venture Exchange; 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 list of
risk factors should not be construed as exhaustive.
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The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
We undertake no duty to update any of the forward-looking information to conform such information to actual results
or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are
cautioned not to place undue reliance on forward-looking information.
Neither the TSX Venture Exchange nor its Regulation 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.
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This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
of the Company in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws
and may not be offered or sold within the United States or to U.S. Persons unless registered under the
U.S. Securities Act and applicable state securities laws or an exemption from such registration is
available.