Resouro adds ground to huge Tiros critical minerals project
One of the world’s largest rare earths and titanium projects is about to get even bigger now that Resouro Strategic Metals has agreed to acquire additional mineral licences adjacent to its Tiros project.
- Resouro Strategic Metals signs binding agreement to acquire 100% ownership and title over three mineral rights next to its Tiros rare earths and titanium project.
- The agreement has been signed via Resouro’s subsidiary Tiros Minerais Estratégicos Mineração and the titles cover a total 4,744 hectares contiguous with the Sao Gotardo block of the Tiros Project.
- The new areas add to the project’s existing 45,000-plus hectares and give Resouro more coverage over geologically prospective portions of Brazil’s Capacete Formation.
Via its subsidiary Tiros Minerais Estratégicos Mineração, Resouro (ASX:RAU, TSXV:RSM) has entered into a binding agreement to buy 100% ownership and title over three mineral rights totalling 4,744 hectares south of and contiguous with the Sao Gotardo block of its Tiros project.
With a maiden mineral resource estimate of 1.7 billion tonnes, Tiros is the largest JORC combined REE and titanium deposit of its type known in the world, with the JORC Resource from only 7% of the current tenements.
The new areas expand the project’s existing 45,000-plus hectares and give Resouro more coverage over geologically prospective portions of a mineral-rich region within Brazil’s Minas Gerais state.
Commenting on the agreement, President, CEO, Director and Founder, Chris Eager said: “With this acquisition, we are consolidating our presence in the highly prospective Capacete Formation and securing assets for future development.