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Resouro lodges Mining Concession Application for Novo Mundo Gold Project and Project Update

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Resouro lodges Mining Concession Application for Novo Mundo Gold Project and Project Update

 

 

 

 

 

Key project development milestone achieved for ANM Process No. 866.035/2009

 

Resouro Strategic Metals Inc. (TSX-V: RSM) (ASX: RAU) (OTCQB: RSGOF) (FSE: 8TX) has marked a further step in the advancement of the Novo Mundo Gold Project in Mato Grosso, Brazil. Its wholly owned Brazilian subsidiary, Ison do Brasil Mineração Ltda., successfully lodged the Mining Concession Application (Requerimento de Lavra) for ANM Process No. 866.035/2009 on 16 July 2026 .

 

“Lodging of the Mining Concession Application is a key regulatory step toward converting our trial mining operation at Novo Mundo into a fully licensed, long-term producing asset,” said Christopher Eager, Resouro’s Chief Executive Officer. “It reflects the steady execution of our permitting strategy in the Alta Floresta Gold Province and moves us closer to establishing Novo Mundo as a sustainable cash generator for Resouro.”

 

The area covered by ANM Process No. 866.035/2009 comprises around 930 hectares and is the subject of a trial mining operation being conducted under a Guia de Utilização, pursuant to the previously announced Binding Mining and Processing Agreement for Novo Mundo.

 

The submission of the Mining Concession Application represents the next stage in the ANM licensing process for Novo Mundo, and once granted, will authorize long-term commercial mining of the area. It further strengthens Resouro’s position as a growing gold developer with a meaningful presence in the highly prospective Alta Floresta Gold Province, one of Brazil’s prolific gold-producing regions.

 

About Resouro Strategic Metals

 

Resouro is a Canadian mineral exploration and development company focused on the discovery and development of economic mineral projects in Brazil. Its flagship Tiros Titanium and Rare Earth Elements Project comprises 28 mineral concessions totalling 497 km2 in the state of Minas Gerais, one of Brazil’s most infrastructurally developed states. The Tiros Project is supported by a JORC-compliant Mineral Resource Estimate and a Preliminary Economic Assessment for a starter operation. Resouro is also developing the Novo Mundo gold project, located in Mato Grosso state.

 

Competent Person and Qualified Person Statement

 

The scientific and technical information relating to the Novo Mundo Gold Project contained in this announcement has been reviewed and approved by Mr Rodrigo Mello, FAusIMM (Membership No. 209332). Mr Mello is a consultant to Resouro Strategic Metals Inc. and is a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects and a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Mello has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the exploration and technical activities being undertaken to qualify as a Qualified Person and Competent Person for the purposes of this announcement. Mr Mello consents to the inclusion in this announcement of the scientific and technical information in the form and context in which it appears. Mr Mello is a shareholder of Resouro.

 

Posted July 24, 2026

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