High grade hits confirm world class potential of Resouro’s Tiros

Assays identify a broad zone of high-grade mineralisation close to surface at Resouro Strategic Metals’ Tiros titanium and rare earths project

Top hits from the infill drilling program close to 25% titanium dioxide and 11,000ppm TREO

Results are from an infill drill program of 39 holes for 2519m for the Central Block at Tiros, which already hosts a current MRE of 1.7 billion tonnes

Special Report: Resouro Strategic Metals shares surged 15 per cent on Thursday after confirming the world-class potential of its Tiros Titanium and Rare Earths project, with assay results identifying a broad zone of exceptionally high-grade mineralisation.

Notable intervals from Resouro Strategic Metals’ (ASX:RAU) close to surface infill drilling at the Tiros Central Block are up to almost 25 per cent titanium dioxide and 11,000ppm total rare earth oxides.

The results are typically 10 per cent to 12 per cent TiO2 and 4,000 to 5,000ppm TREO. But within that are narrower intervals of 19% to almost 25% TiO2 and 9,000 to 11,000ppm TREO.

Highlights include 7m at 24.5% TiO2 and 11,000ppm TREO from 39m, 9m at 21.8% TiO2 and 7700ppm TREO from 34m; and 5m at 22.1% TiO2 and 10,000ppm TREO from 31m.

The aim of the diamond drilling program was both resource growth at Tiros and boosting understanding of its shallow and consistently high-grade mineralisation.

The emerging critical minerals developer aimed the diamond drilling program at both resource growth and boosting its understanding of Tiros’ shallow and consistently high-grade mineralisation.

The current MRE hosted within the Tiros Central Block is 1.7 billion tonnes, making it already one of the largest deposits of its kind in the world, but it covers only 7per cent of the 497km2 project in Brazil’s Minas Gerais state.

This high-grade zone, typically containing twice the TiO₂ and TREO grades of the normal mineralized zone, will be an important target during scoping study mine optimisation studies.

This valuable zone was identified at eight of the 10 holes with completed results, with more assays expected this month. It is defined using a cut-off grade of 6000ppm for TREO and/or 16% for TiO2.

“These drill hole assays are exceptional on a global scale while remaining characteristic of Tiros mineralisation,” Resouro CEO Alistair Stephens said.

“Beyond the impressive tenor of mineralisation, the lateral continuity over widths of 30m to 50m further underscores the project’s significance.”

The assays closely follow the release of a full schedule of development activities for the year ahead.

This includes an updated MRE, a scoping study for a demonstration plant at the planned Northern Block trial mining site and a scoping study for a full-scale plant at the Central Block.

The scoping studies will build on current metallurgical test work and the development of an optimised metallurgical flowsheet, which will ultimately feed into prefeasibility and definitive feasibility studies.

This article was developed in collaboration with Resouro Strategic Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.