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Resouro Strategic Metals Inc (ASX:RAU)

ALERT: Price-sensitive ASX Announcement for RAU
Current share price for RAU : $0.280 -0.045 (-13.85%)+
Announcement
Release
2 Jun 2026 9:27AM
Price at Release
$0.325
Full Release
download
Summary
Resouro Strategic Metals Inc. has executed a binding agreement with Future Mining and Buri5 Gold Mineração Ltda (BGM) for a mining, transport, and processing program at the Novo Mundo Gold Project in Mato Grosso, Brazil. This agreement is under ISON’s Guia de Utilização (Trial Mining License), allowing mining up to 4,000 tonnes per month over three years, with Future Mining/BGM funding the capital and operational costs. Despite the absence of a feasibility study, the agreement aims to generate non-dilutive cash flow while Resouro continues to focus on its Tiros Titanium and Rare Earth Elements Project. The agreement includes conditions precedent for mining commencement, and no mineral rights are transferred. Both parties will share net revenue from the gold product sales, with initial allocations favoring Future Mining/BGM until capital costs are recouped.
Key Points
  • Binding agreement signed for Novo Mundo mining project.
  • Future Mining/BGM will cover operational costs.
  • Mining up to 4,000 tonnes per month allowed for three years.
  • No feasibility study completed for Novo Mundo.
  • Resouro focuses on Tiros Titanium Project.
  • Conditions precedent required for mining commencement.
  • Net revenue sharing between ISON and Future Mining/BGM.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.