The Company focused on acquiring projects that had a historic Brazilian standard resource, a visible path to early cash flow and demonstrable exploration upside. Combining our quality assets with the carefully constructed board and management, Resouro believes we can deliver significant shareholder value appreciation in the near term whilst providing the foundation to achieve our ambition of being a leading mid-tier producer in Brazil.
Very tight capital structure with 50% of the outstanding shares owned by management and insiders.
Value can be unlocked at our projects by:
Undertaking resource definition infill drilling on the historic Brazilian standard resource to convert them to NI 43-101 standard
Begin trial mining under a special Brazilian mining permit to provide the company with a non-dilutive funding source
Undertaking scoping studies evaluating larger scale mining operations and value contained in historic tailings
Complete regional exploration programs to define additional exploration targets
Acquiring additional projects to feed into our development pipeline
Very tight capital structure with 60% of the outstanding shares owned by management and insiders.