InvestSMART

Resouro Strategic Metals Inc (ASX:RAU)

ALERT: Price-sensitive ASX Announcement for RAU
Current share price for RAU : $0.280 -0.02 (-6.67%)+
Announcement
Release
24 Jul 2026 9:59AM
Price at Release
$0.300
Full Release
download
Summary
Resouro Strategic Metals Inc. has advanced the Novo Mundo Gold Project by lodging a Mining Concession Application, marking a significant milestone in converting trial mining operations into a licensed, long-term producing asset. Located in Mato Grosso, Brazil, the project encompasses about 930 hectares in the Alta Floresta Gold Province. This move follows extensive historical exploration and recent development activities, including drilling and surveying. Resouro's strategic permitting execution is set to transform Novo Mundo into a sustainable cash generator, underpinning its growth in the prolific Brazilian gold-producing region.
Key Points
  • Resouro Strategic Metals Inc. has lodged a Mining Concession Application for the Novo Mundo Gold Project.
  • The project is located in Mato Grosso, Brazil, under ANM Process No. 866.035/2009.
  • The concession application is a critical step towards converting trial mining operations into a licensed long-term asset.
  • Novo Mundo covers approximately 930 hectares and is part of the Alta Floresta Gold Province.
  • The submission of the application allows for the commencement of long-term commercial mining.
  • The project has been supported by various exploration activities and historical data from previous operators.
  • A comprehensive exploration and development program was conducted in 2026, including diamond drilling and geophysical surveys.
  • Resouro entered into a Binding Mining and Processing Agreement facilitating trial mining.
  • The project's development is aimed at establishing it as a sustainable cash generator for Resouro.
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.