Resouro Strategic Metals Inc. provided an update on activities at the Tiros Rare Earths and Titanium project in Brazil. Resouro has received additional assay results from Resource Definition Drilling and Regional Exploration Drilling from the 450 km2 Tiros Project. The resource target at Tiros is the Cabacete Formation that is at surface or near surface, flat lying layer of transported volcanoclastic material extends over 71 km in length.

Resouro has acquired what believe to be all of the potentially economically interesting parts of the Capacete Formation that are available based on access to an exploration database compiled over the past 14 years. Resouro has focused on Resource Definition Drilling on Tiros central mineral rights section of the Tiros Project. This represents 9% of the 450 km2 project.

The latest drilling results together with the announcements of March 13, 2024 and January 18, 2024 reaffirm the consistency of grades and orebody thickness of the deposit previously found. The following exploration holes were drilled at the Sao Gotardo and Tiros North blocks, showing that the mineralized thickness and TiO2 and TREO grades are similar to the ones observed at Tiros Central. Recent Assay Results from the Tiros Central block exploration program showing globally significant grades and orebody thickness.

These holes represent a step out of 18km to the North and 35 km to the South of the Central Block, confirming that the Capacete Formation is highly consistent in terms of High TiO2 and High TREO grades over a strike of more than 60 km. Resouro is yet to receive assay results from drilling on the Campo Alto block, but geophysics and surface mapping indicate similar geology. Recent Assay results.

from drilling at the Tiros Central Block continue to demonstrate elevated near surface TiO2 and TREO grade over consistently thick intercepts.