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Resouro Strategic Metals Inc. (RSGOF) Strategic Partnership to Unlock Potential of Tiros Project
Toronto, Canada (ABN Newswire) - Resouro Strategic Metals Inc. (ASX:RAU) (CVE:RSM) (FRA:8TX) (OTC...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Strategic Metals Inc. (RSGOF) Strategic Partnership to Unlock Potential of Tiros Project\n\n Toronto, Canada (ABN Newswire) - Resouro Strategic Metals Inc. (ASX:RAU) (CVE:RSM) (FRA:8TX) (OTCMKTS:RSGOF) is pleased to announce the unveiling of a new advanced processing deal to unlock high-value mineral extraction at its globally significant Tiros Titanium and Rare Earths Project (\"Tiros Project\" or \"Tiros\" or \"Project\") in Minas Gerais, Brazil.\n \n\n Resouro's subsidiary, Tiros Minerais Estrategicos Mineracao LTDSA (Tiros Mineracao), has entered into a binding Memorandum of Understanding (MoU) with YM Servicos Minerais LTDA (YM Servicos) to develop and supply an innovative, high-performance metallurgical process for Tiros.\n \n\n The MoU follows encouraging results from initial proof-of-concept tests on composite samples from Tiros using the Fusion Sulphuric Acid Leach (\"FSAL\") process developed by YM Servicos.\n \n\n YM Servicos and Resouro have now started additional test work under the MoU to verify initial results and to optimise the operating conditions.\n \n\n On completion of these optimisation tests, the Company will process a 200-kilogram composite sample from the high-grade zone at Tiros to produce:\n \n\n - high-quality and high-purity titanium concentrates;\n \n\n - a precipitated mixed rare earths oxide (MREO) or a rare earths carbonate (MREC);\n \n\n - determine the specifications of other by-products and their potential marketability; and\n \n\n - produce sample quantities necessary for customer assessment.\n \n\n On a positive outcome of this work program, the Company plans to move forward to a pilot plant test on a significantly larger sample in the second half of the year.\n \n\n The high-value technology developed in this strategic partnership will be designed to maximise product recovery and aims to eliminate or substantially reduce waste disposal from the metallurgical process.\n \n\n Importantly, the MoU allows the Company to continue exploring other metallurgical processes in parallel to ensure the most viable method of extraction for the Tiros Project is achieved. Commenting on the MoU, Resouro's CEO Alistair Stephens said:\n \n\n \"This agreement marks a significant milestone for our Tiros Project and solidifies Resouro's position as a leader in sustainable processing of vital in-demand mi...