The Canadian junior, which kicked off trading on the ASX in June, said the estimate included a high-grade section of 120 million tonnes at 9,000ppm TREO, containing 2400ppm MRE and 23% titanium.
The mineral resource estimate for the Tiros project positions it as one of the world’s largest undeveloped resources of its kind.
Tiros measured and indicated portions of the resource comprise one billion tonnes at 4050ppm TREO containing 1120ppm MREO and 12% titanium.
According to Resouro, the figures place the Tiros project as “one of the largest undeveloped titanium and rare earth resources globally”.
“We consider that the average resource grades of 3900 ppm TREO 1100 ppm MREO and 12% of TiO2 are well above average for this style of deposit,” RAU chief executive Chris Eager said.
“We have defined a very substantial resource over just 7% of the land area of the project,” he noted.
Instead of pursuing potential expansions at…
