Company Interview / Resouro eyes dual revenue upside in Brazil rare earths push

Key points:

Taurus project in Brazil positioned as a major clay-hosted rare earths and titanium deposit Dual revenue strategy targeting pigment, titanium metal and rare earth magnet marketsEager highlights strong project economics versus current market capitalisation

Resouro Strategic Metals outlines Brazil rare earths and titanium push. Chris Eager sets out Resouro Strategic Metals’ plans for the Taurus rare earths and titanium project in Brazil, which he characterises as one of the largest clay-hosted deposits globally. Eager states the measured and indicated resource stands at 1.4 billion tonnes, with grades he claims are two to three times higher than typical soil or regolith-hosted rare earth deposits. He highlights dual revenue potential from titanium and rare earth products, including neodymium and praseodymium for high-strength magnets and high-tech applications.

Eager outlines a proposed operation processing 500,000 tonnes per annum to produce about 3,600 tonnes of total rare earth oxides and 90,000 tonnes of titanium dioxide. He cites a preliminary net present value of around US$715 million, versus a market capitalisation he puts at about A$35 million, suggesting substantial upside for investors. Eager says the focus now is advancing through pre-feasibility and feasibility towards rapid production.

On risk, Eager views Brazil, particularly Minas Gerais, as a favourable jurisdiction with strong mining pedigree and infrastructure, including power, rail and road access. He describes environmental permitting as strict but efficient and expects the environmental impact assessment and mining installation licence to be achievable within about two years.