Resouro Strategic Metals Inc. (RSGOF) Presentation: Delivering Robust PEA for Tiros Titanium and Rare Earth Project

Executive Summary

• Resouro Strategic Metals Inc. released a Preliminary Economic Assessment (PEA) for its Tiros Titanium and Rare Earth Project in Minas Gerais, Brazil, detailing a phased development strategy beginning with a 500,000 tpa starter operation.
• The base case highlights strong project economics, including a US$714.9 million post-tax NPV, 44.2% post-tax IRR, and a low upfront capital expenditure of US$191.1 million.
• The project contains a globally significant 1.4 billion tonne Measured and Indicated resource with substantial expansion potential, with next steps focused on infill drilling, metallurgical testing, and progression to a Pre-Feasibility Study.

Key Details

• PEA Base Case Highlights (500,000 tpa Starter Operation):
• Post-tax NPV (8%): US$714.9 million
• Post-tax IRR: 44.2%
• Pre-tax NPV (8%): US$1,138.8 million
• Pre-tax IRR: 62.7%
• Upfront capital expenditure: US$191.1 million (gross, including contingency)
• Mine life: 20 years
• Post-tax life-of-mine cash flow: US$1,673.9 million
• Average annual post-tax cash flow: US$70.0 million
• Post-tax payback period: 1.9 years from first production
• Processing rate: 500,000 tpa ROM ore
• Steady-state annual TREO in product: 3,636 tonnes
• Steady-state contained TiO2 in concentrate: 90,100 tonnes per year
• Mineral Resource (Effective 9 April 2025):
• Measured and Indicated: 1.4 Bt @ 12% TiO2 and 4,000 ppm TREO
• High-grade domain (basis for starter operation): ~10 Mt, representing ~0.7% of total resource
• High-grade domain specifics: 103 Mt @ 23% TiO2 and 9,100 ppm TREO
• Inferred Resource: 500 Mt
• Mining & Processing Methodology:
• Mineralisation is near-surface weathered clay, amenable to free-digging open-pit mining
• Conventional processing to produce coarse and fine TiO2 anatase concentrates plus a mixed rare-earth sulphate product
• Project Setting & Next Steps:
• Located in Minas Gerais, Brazil, within an established, mining-friendly jurisdiction
• Planned next steps include infill drilling, metallurgical optimisation, product specification testwork, and progression to a Pre-Feasibility Study (PFS)
• Structured permitting pathway to be led by Sete Solucoes
• Strategic Highlights: Strong economics, low-capital starter operation, expansion potential from large resource base, dual-product revenue opportunity (TiO2 + TREO), simple mining design, and clear development pathway.