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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。