{"id":5103,"date":"2024-01-31T01:17:12","date_gmt":"2024-01-31T01:17:12","guid":{"rendered":"https:\/\/economicherald.net\/?p=5103"},"modified":"2024-01-31T01:17:12","modified_gmt":"2024-01-31T01:17:12","slug":"missed-out-on-the-meteoric-run-resouro-is-coming-to-the-rescue","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=5103","title":{"rendered":"Missed out on the Meteoric run? Resouro is coming to the rescue"},"content":{"rendered":"<p>Resouro Strategic Metals intends to list on the ASX in the coming months<br \/>\nOnce listed, Resouro will also be rubbing shoulders with the Gina Rinehart-backed Brazilian Rare Earths which is currently up 13% on its pre-Christmas IPO price<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> The ASX is set to welcome a new Brazil-focused rare earths play in not too distant future with Resouro Strategic Metals seeking to follow in the footsteps of Meteoric Resources and the Gina Rinehart-backed Brazilian Rare Earths.<\/strong><\/p>\n<p>Shares in <a href=\"https:\/\/stockhead.com.au\/resources\/monsters-of-rock-meteoric-step-to-uncovering-potential-of-brazils-ionic-rare-earths\/\">Meteoric Resources (ASX:MEI)<\/a> have more than doubled to 19.5c in the past year, while <a href=\"https:\/\/stockhead.com.au\/company\/brazilian-rare-earths-bre\/\">Brazilian Rare Earths (ASX:BRE)<\/a> continues to perform strongly since its ASX debut on 21 December, currently trading above its listing price of $1.47\/sh.<\/p>\n<p>With its very latest very high-grade results now released on the Toronto Stock Exchange, <a href=\"https:\/\/stockhead.com.au\/?s=Resouro\">Resouro<\/a><a href=\"https:\/\/stockhead.com.au\/?s=Resouro\"> Strategic Metals<\/a> intends to seek admission on the ASX in the coming months.<\/p>\n<p>As it prepares its run at the ASX, Resouro has been gaining impressive support while advancing its large-scale Tiros project in Brazil. It\u2019s also enjoyed a 207% boost to its share price from C$0.14 to C$0.43 on the Toronto Stock Exchange over the past 12 months.<\/p>\n<p>Helping Resouro stand out among the pack of explorers beating a path to South America\u2019s critical mineral riches is its Tiros project.<\/p>\n<p>Latest drilling results from the 477km2 project include 12m @ 8,150ppm total rare earth oxides (TREO) with 1,575ppm high-value magnet rare earths neodymium and praseodymium (NdPr) and 20% titanium oxide (TiO2) from surface.<\/p>\n<p>Another highlight from the auger and aircore campaign was 38m @ 6,444ppm TREO with 1,524ppm NdPr and 17.5% TiO2 from only 40m.<\/p>\n<p>Overall, grade distribution for TREO, NdPr and TiO2 are all skewed towards very high, with 83% of the latest samples having a TREO grade above 3,000ppm, 84% with an NdPr grade of over 500ppm, and 85% at over 10% TiO2.<\/p>\n<p>And the latest assays are just the first of a significant number of drill samples currently in the laboratory for assay.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>On road to development<\/strong><\/h2>\n<p>Resouro CEO and president Chris Eager said: \u201cWe are extremely pleased with the assay results from the recent drilling campaign at Tiros, which demonstrated high grades (TREO, NdPr and TiO2) and thicknesses.<\/p>\n<p>\u201cDrilling to date has consistently demonstrated thick intercepts of high-grade TREO and TiO2. The latest results continue to indicate Tiros could potentially be a globally significant REE and TiO2 project.\u201d<em>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/em><\/p>\n<p>Resouro has focused its drilling efforts on the Tiros Block which covers 44km2 in the centre of the Tiros project, making up only 9.5% of the total project. Its northern tenements (Tiros North) are also producing excellent results.<\/p>\n<p>The drilling was also completed to provide data for due diligence related to the acquisition of the project.<\/p>\n<p>Resouro <a href=\"https:\/\/stockhead.com.au\/resources\/resouro-gold-almost-doubles-high-grade-foothold-in-brazil\/\">more than doubled its footprint<\/a> on the highly prospective ground in Brazil\u2019s powerhouse mining state of Minas Gerais last October.<\/p>\n<p>Now, as it moves to the next stage of development at Tiros, Resouro has appointed a senior geologist and a community relations co-ordinator to foster positive relationships with local communities.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Fired up for an ASX listing<\/strong><\/h2>\n<p>Meanwhile, the float pitch from leading broking house Taylor Collison is expected to point to another ASX-listed rare earths play, MEI and its rapid-fire growth into a mid-tier player.<\/p>\n<p>Resouro is also hoping to benefit from the large arbitrage between the TSX and ASX after its Australian listing \u2013 like <a href=\"https:\/\/stockhead.com.au\/company\/patriot-battery-metals-pmt\/\">Patriot Battery Metals (ASX:PMT)<\/a> which went from 5c\/sh to over $17\/sh after it listed on the ASX last December.<\/p>\n<p>However, for those looking for a rare opportunity to buy into Resouro ahead of its intended listing on the ASX, there are many licensed brokers in Australia that have direct trading access to the TSXV.<\/p>\n<p>Those include CommSec, Westpac Trading, IG, Saxo Markets, and CMC Markets. The process of opening an account is quite easy and investors can usually start trading within a day.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Solid support<\/strong><\/h2>\n<p>While market attention was focused on BRE late last year, Resouro caught the eye of savvy Australian investors including the multi-billion dollar Flannery Family Office and Terra Capital\u2019s <a href=\"https:\/\/stockhead.com.au\/?s=jeremy+bond\">Jeremy Bond<\/a>.<\/p>\n<p>They backed Resouro\u2019s $3.2 million equity fundraising on the TSX Venture Exchange, joining cornerstone investor <a href=\"https:\/\/stockhead.com.au\/?s=Regal+Funds+Management+\">Regal Funds Management<\/a> on the register.<\/p>\n<p>And that was before the release of Resouro\u2019s latest assays, all of which bodes well for a strong entrance for its potential listing on the ASX this year.<\/p>\n<p>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Resouro, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/missed-out-on-the-meteoric-run-resouro-is-coming-to-the-rescue\/\">Missed out on the Meteoric run? Resouro is coming to the rescue<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Resouro Strategic Metals intends to list on the ASX in the coming months Once listed, Resouro will also be rubbing shoulders with the Gina Rinehart-backed <a href=\"https:\/\/economicherald.net\/?p=5103\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":5104,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Missed out on the Meteoric run? Resouro is coming to the rescue - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=5103\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Missed out on the Meteoric run? Resouro is coming to the rescue - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Resouro Strategic Metals intends to list on the ASX in the coming months Once listed, Resouro will also be rubbing shoulders with the Gina Rinehart-backed [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=5103\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-31T01:17:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/01\/GettyImages-639547035-Dk4kpL-1024x681.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"681\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5103#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5103\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Missed out on the Meteoric run? Resouro is coming to the rescue\",\"datePublished\":\"2024-01-31T01:17:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5103\"},\"wordCount\":781,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5103#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/GettyImages-639547035-Dk4kpL.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=5103#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5103\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=5103\",\"name\":\"Missed out on the Meteoric run? Resouro is coming to the rescue - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5103#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5103#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/GettyImages-639547035-Dk4kpL.jpeg\",\"datePublished\":\"2024-01-31T01:17:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5103#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=5103\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5103#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/GettyImages-639547035-Dk4kpL.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/GettyImages-639547035-Dk4kpL.jpeg\",\"width\":2122,\"height\":1412},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5103#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Missed out on the Meteoric run? Resouro is coming to the rescue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Missed out on the Meteoric run? Resouro is coming to the rescue - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=5103","og_locale":"en_US","og_type":"article","og_title":"Missed out on the Meteoric run? Resouro is coming to the rescue - Economic Herald","og_description":"Resouro Strategic Metals intends to list on the ASX in the coming months Once listed, Resouro will also be rubbing shoulders with the Gina Rinehart-backed [more...]","og_url":"https:\/\/economicherald.net\/?p=5103","og_site_name":"Economic Herald","article_published_time":"2024-01-31T01:17:12+00:00","og_image":[{"width":1024,"height":681,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/01\/GettyImages-639547035-Dk4kpL-1024x681.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=5103#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=5103"},"author":{"name":"","@id":""},"headline":"Missed out on the Meteoric run? Resouro is coming to the rescue","datePublished":"2024-01-31T01:17:12+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=5103"},"wordCount":781,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=5103#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/01\/GettyImages-639547035-Dk4kpL.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=5103#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=5103","url":"https:\/\/economicherald.net\/?p=5103","name":"Missed out on the Meteoric run? Resouro is coming to the rescue - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=5103#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=5103#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/01\/GettyImages-639547035-Dk4kpL.jpeg","datePublished":"2024-01-31T01:17:12+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=5103#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=5103"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=5103#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/01\/GettyImages-639547035-Dk4kpL.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/01\/GettyImages-639547035-Dk4kpL.jpeg","width":2122,"height":1412},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=5103#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Missed out on the Meteoric run? Resouro is coming to the rescue"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/5103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5103"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/5103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/5104"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}