Resouro Strategic Metals (ASX:RAU) said it is advancing its work program at its Tiros titanium-rare earth elements project, according to a Thursday Australian bourse filing.
It is planning to release assay results from 49 diamond drill holes, encompassing 2,500 samples, drilled in 2024 in the near term.
It is also in the advanced planning stages for an update to its mineral resource estimate, which will be published in the first quarter or early second quarter.
The firm began its application process for trial mining licenses to complement a demonstration plant scoping study in the Tiros project. The demonstration plant scoping study will build on current metallurgical test work and the development of an optimized metallurgical flowsheet. The study is expected to begin in the second quarter.
Following this study, it will undertake a scoping study for a full-scale operation at the central block of the project.
Its shares rose 4% on market close on Thursday.
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