# Resouro Strategic Metals Inc. \(RSGOF\) PEA milestone for Tiros Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/resouro-strategic-metals-inc-rsgof-pea-milestone-for-tiros-project--03797841-0b45-4ab3-aec3-e6a5a608b276 Original source: https://money.tmx.com/en/quote/RSM/news/5479877972402057/resouro-strategic-metals-inc-rsgof-pea-milestone-for-tiros-project Publisher: tmx Original announcement: 2026-06-15T00:32:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Resouro Strategic Metals Inc. - Ticker: RSM - Exchange: TSX - Region: Minas Gerais, Brazil - Primary commodity: Titanium - Secondary commodities: Rare earths - Document categories: Resource update, Metallurgy - Extracted: 2026-08-26 06:26:57 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Resouro Strategic Metals has completed a Preliminary Economic Assessment \(PEA\) for its Tiros Project in Brazil, projecting a high-grade starter operation. The PEA indicates an after-tax NPV of US$714.9 million and an IRR of 44.2%, targeting a 20-year mine life. Reasoning: The completion of a PEA with strong NPV/IRR and high-grade starter targets represents a major de-risking milestone for the Tiros project. - Positive factor: Strong economic indicators \(NPV US$714.9M, IRR 44.2%\) - Positive factor: High-grade starter operation \(26.3% TiO2\) - Positive factor: Large existing M&I resource base \(1.4Bt\) - Positive factor: NI 43-101 compliant PEA prepared by Norda Stelo - Negative factor: PEA is based on Inferred resources for the starter op - Negative factor: Titanium recovery \(68.7%\) is moderate for a mill route Facts used in scoring: 6 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: PEA prepared according to NI 43-101 Standards by Norda Stelo. Evidence · text > prepared by a team led by Norda Stelo according to National Instrument 43-101 Standards **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The PEA starter operation relies on Inferred Mineral Resources. Evidence · text > It includes Inferred Mineral Resources that are considered too speculative geologically ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/resouro-strategic-metals-inc-rsgof-pea-milestone-for-tiros-project--03797841-0b45-4ab3-aec3-e6a5a608b276#fact-resource-facts-0) titanium #### Identity - Commodity: titanium - Ticker: RSM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-15T00:00:00.000Z Reasoning: 26.3% TiO2 is a very high grade for a starter operation. - Positive factor: High grade for starter operation Evidence · text > total run of mine \(ROM\) feed of 9.5Mt of high grade at 26.3% TiO2 ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/resouro-strategic-metals-inc-rsgof-pea-milestone-for-tiros-project--03797841-0b45-4ab3-aec3-e6a5a608b276#fact-resource-facts-1) rare\_earths #### Identity - Commodity: rare\_earths - Ticker: RSM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-15T00:00:00.000Z Reasoning: 10,832 ppm TREO is a significant grade for the starter operation. - Positive factor: High TREO grade Evidence · text > 10,832 ppm total rare earth oxides \(TREO\) ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/resouro-strategic-metals-inc-rsgof-pea-milestone-for-tiros-project--03797841-0b45-4ab3-aec3-e6a5a608b276#fact-resource-facts-2) titanium #### Identity - Commodity: titanium - Ticker: RSM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-15T00:00:00.000Z Reasoning: 68.7% recovery is moderate for a complex beneficiation/leach circuit. - Negative factor: Moderate recovery Evidence · text > overall recovery of titanium dioxide is 68.7% ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/resouro-strategic-metals-inc-rsgof-pea-milestone-for-tiros-project--03797841-0b45-4ab3-aec3-e6a5a608b276#fact-resource-facts-3) rare\_earths #### Identity - Commodity: rare\_earths - Ticker: RSM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-15T00:00:00.000Z Reasoning: 67% recovery to MREC is moderate. - Negative factor: Moderate recovery Evidence · text > recovery of the rare earth elements to a mixed rare earth carbonate \(MREC\) product is 67% ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/resouro-strategic-metals-inc-rsgof-pea-milestone-for-tiros-project--03797841-0b45-4ab3-aec3-e6a5a608b276#fact-resource-facts-4) titanium #### Identity - Commodity: titanium - Ticker: RSM #### Resource Data - Category: indicated - Tonnes: 14000000000 - Grade: 12 - Grade Unit: % TiO2 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-15T00:00:00.000Z Reasoning: 1.4 billion tonne resource at 12% TiO2 is a very large scale asset. - Positive factor: Massive resource scale Evidence · text > 1.4 billion tonne Measured and Indicated Resource - ... at 12% titanium dioxide ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/resouro-strategic-metals-inc-rsgof-pea-milestone-for-tiros-project--03797841-0b45-4ab3-aec3-e6a5a608b276#fact-resource-facts-5) rare\_earths #### Identity - Commodity: rare\_earths - Ticker: RSM #### Resource Data - Category: indicated - Tonnes: 14000000000 - Grade: 4000 - Grade Unit: ppm TREO #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-15T00:00:00.000Z Reasoning: 4,000 ppm TREO across 1.4Bt is a significant resource. - Positive factor: Significant TREO content in large resource Evidence · text > 1.4 billion tonne Measured and Indicated Resource - ... and 4,000 ppm of total rare earth oxides ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.