New Risk • Feb 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.8m free cash flow). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (CA$34.4m market cap, or US$25.2m). Announcement • Jan 27
Resouro Strategic Metals Inc., Annual General Meeting, Mar 26, 2026 Resouro Strategic Metals Inc., Annual General Meeting, Mar 26, 2026. Announcement • Jan 06
Resouro Strategic Metals Inc. Announces Resignation of Justin Clyne as Director Resouro Strategic Metals Inc. announced that Justin Clyne has advised the Board of his intention to resign as a Director of the Company effective upon the appointment of a new Australian-based director. Justin’s decision is driven by a significant workload in multiple international jurisdictions requiring a greater commitment with limited time available to devote to Resouro as the Company seeks to scale up its operations. The Board has begun to identify a shortlist of candidates with preference to be given to candidates with a strong technical and governance background. New Risk • Nov 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (CA$25.8m market cap, or US$18.3m). Announcement • Oct 22
Resouro Strategic Metals Inc. announced that it has received CAD 3 million in funding On October 21, 2025, Resouro Strategic Metals Inc. closed its second and final tranche. The company issued 10,000,000 units at a price of CAD 0.20 per Unit, for additional gross proceeds of CAD 2,000,00 in its second tranche. Each Unit is comprised of one common share in the capital of the Company and one-half of one common share purchase warrant, with each whole warrant being exercisable to acquire one Common Share at an exercise price of CAD 0.30 per share for a three-year period from the date of issuance. Together with the first tranche, which closed on October 20, 2025 ( October 21, 2025 Australia), the Company has issued a total of 15,000,000 units at an issue price of CAD 0.20 per Unit, for aggregate gross proceeds of CAD 3,000,000 under the Private Placement. The Units issued in the first tranche were on the same terms as those issued in the Final Tranche. All securities issued in connection with the Private Placement are subject to a four-month plus one day statutory hold period from the closing date of the Private Placement pursuant to applicable securities legislation. In accordance with the ASX Listing Rules, under the Final Tranche, 4,259,004 shares were issued pursuant to the Company’s available placement capacity under Listing Rule 7.1A while 5,740,996 shares and 5,000,000 Warrants were issued pursuant to Listing Rule 7.1 New Risk • Oct 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 28% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$20.4m market cap, or US$14.5m). Announcement • Aug 19
Resouro Strategic Metals Inc. has filed a Follow-on Equity Offering. Resouro Strategic Metals Inc. has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Transaction Features: Subsequent Direct Listing Announcement • Aug 18
Resouro Strategic Metals Inc. announced that it expects to receive CAD 2 million in funding Resouro Strategic Metals Inc. announced a non-brokered private placement to issue 10,000,000 common shares at a price of CAD 0.20 per common share for gross proceeds of up to CAD 2,000,000 on August 18, 2025. The Company expects to close the Offering in one or more tranches with the initial closing to occur on or about August 29, 2025. In accordance with applicable securities laws and the policies of the TSX Venture Exchange, the Company may pay finders fees to eligible and qualified persons who introduce subscribers to the Offering. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange. The Offering is also being conducted using the Company’s placement capacity pursuant to ASX Listing Rule 7.1. No Related Parties or their Associates are participating in the Offering. All securities to be issued under the Offering will be subject to a four-month resale restriction in accordance with applicable Canadian securities legislation. Announcement • May 16
Resouro Strategic Metals Inc., Annual General Meeting, Jul 16, 2025 Resouro Strategic Metals Inc., Annual General Meeting, Jul 16, 2025. New Risk • May 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.4m (US$9.75m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.0m free cash flow). Earnings have declined by 44% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.4m market cap, or US$9.75m). Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Mar 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.0m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$18.5m market cap, or US$12.9m). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.6m free cash flow). Earnings have declined by 46% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$16.2m market cap, or US$11.3m). Announcement • Oct 19
Resouro Strategic Metals Inc. Announces Chief Executive Officer Changes Resouro Strategic Metals Inc. announced the appointment of experienced rare earths specialist, Alistair Stephens, as Chief Executive Officer effective 1 November, 2024. Alistair has a career in the mining industry that spans 35 years. In the initial 15 years of his career, he worked in mining operations in Western Australia for Newmont, KCGM, WMC Resources Ltd. and Orica. In the last 20 years, Alistair has developed a unique skill set in the specialty and critical metals sector with a focus on Rare Earth Elements ("REE") and rare metals. As Managing Director and CEO he has played instrumental roles in the development of feasibility studies for projects like the Nolans Rare Earths Project in central Australia, Kanyika Niobium Project in Malawi and the Kangankunde Rare Earths Project in Malawi. He has successfully defined a significant global inventory of major rare earths resource deposits and been a leader in successful metallurgical test work programs, metallurgical flowsheet development and engineering designs that will be crucial in the development of Resouro's globally significant Tiros Titanium-Rare Earths Project in Brazil. Alistair brings extensive leadership skills in team building, strategic planning, corporate governance, stakeholder communications, corporate finance, personnel management, commodity marketing and mining and processing operations. The Company's current CEO, Chris Eager, will continue in the role of Executive Chairman and work closely with Alistair in driving the Company's strategic plan. Announcement • Jun 14
Resouro Strategic Metals Inc. has completed a Follow-on Equity Offering in the amount of AUD 8 million. Resouro Strategic Metals Inc. has completed a Follow-on Equity Offering in the amount of AUD 8 million.
Security Name: CHESS Depositary Interest
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 16,000,000
Price\Range: AUD 0.5
Discount Per Security: AUD 0.0275
Transaction Features: New Market Listing New Risk • Jun 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$54.9m market cap, or US$39.9m). Announcement • May 03
Resouro Strategic Metals Inc. has filed a Follow-on Equity Offering in the amount of AUD 8 million. Resouro Strategic Metals Inc. has filed a Follow-on Equity Offering in the amount of AUD 8 million.
Security Name: CHESS Depositary Interest
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 16,000,000
Price\Range: AUD 0.5
Discount Per Security: AUD 0.0275
Transaction Features: New Market Listing Announcement • Mar 26
Resouro Strategic Metals Inc. announced that it has received CAD 1.5 million in funding On March 25, 2024, Resouro Strategic Metals Inc., closed the transaction. As a part of the company, the company paid CAD 600,000 as placement agent fee in the transaction. Announcement • Mar 15
Resouro Strategic Metals Inc. announced that it expects to receive CAD 1.5 million in funding Resouro Strategic Metals Inc. announces partially-brokered private placement 3,571,428 common shares at a issue price of CAD 0.42 per share for gross proceeds of CAD 1,500,000 on March 14, 2024. The transaction is expected to close on March 21, 2024. The transaction is subject to the regulatory approvals and approval of the TSX Venture Exchange. New Risk • Feb 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.2m free cash flow). Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (CA$29.8m market cap, or US$22.1m). Announcement • Jan 19
Resouro Strategic Metals Inc. Provides an Update on Activities at the Tiros Rare Earths and Titanium Project in Brazil Resouro Strategic Metals Inc. provided an update on activities at the Tiros Rare Earths and Titanium project in Brazil. Key highlights from recent assays received include: 38 metres at 6,444 ppm TREO with 1,524 ppm NdPr and 17.5% TiO2 from 40m (Aircore); 34 metres at 4,216 ppm TREO with 1,020 ppm NdPr and 10.6% TiO2 from 24m; (Aircore) 28 metres at 4,585 ppm TREO with 1,012 ppm NdPr and 12.7% TiO2 from 29m (Aircore); 12 metres at 8,150 ppm TREO with 1,575 ppm NdPr and 20% TiO2 from surface (Auger);10.5 metres at 7,181 ppm TREO including 2,222 ppm NdPr and 17.5% TiO2 from (Aircore). In summary, the 518 samples taken from the 13 holes (AC and Auger) in the recent campaign produced: 83% of the samples had a TREO grade 3,000 ppm; 84% of the samples had a NdPr grade of over 500 ppm; and 85% of samples had a TiO2 grade of over 10%. The company has focused drilling on the Tiros Centre which covers 44 km2 in the centre of the Tiros Project with its northern tenements (Tiros North) also producing excellent results. The Tiros Centre covers approximately 9.5% of the total 477 km2 of the Tiros Project. The program includes Air- Core, Diamond and Auger drilling, all to provide data for a maiden Resource Estimation. Resouro has now completed 257m over 25 auger holes, 1,562m over 30 Air-Core holes and, 1,634m over 26 Diamond holes, excluding historical drilling by Vincenza and Iluka with 950m over 20 holes of Air-Core drilling and 1 diamond drill hole at 82m by Vincenza. The assay results published in this release are the first of significant number of drill samples currently in the laboratory for assay. Board Change • Dec 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. President, CEO & Director Chris Eager is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 62% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$30.2m market cap, or US$22.3m). Announcement • Aug 30
Resouro Gold Inc. announced that it has received CAD 2.830073 million in funding Resouro Gold Inc. announced a brokered private placement of 10,107,403 common shares at a price of CAD 0.28 per share for the gross proceeds of CAD 2,830,073 on August 29, 2023. The common shares issued in connection with the offering are subject to a statutory hold period of four months. As a part of transaction, the company will pay an agent fee of CAD 169,804.38. Announcement • Aug 18
Resouro Gold Inc. Completes Historical Desktop Study Including Historical Resource At Tiros Rare Earths and Titanium Project in Brazil Resouro Gold Inc. announce that it has completed a historical desktop study as part of the previously announced exploration campaign at Tiros Rare Earths and Titanium Project in Brazil. Resouro has completed verification of historic information by re-assaying and completing additional Quality Assurance and Quality Control on historic data and adding samples from 17 new Auger Drill Holes that have been completed by Resouro. Based on the inhouse verification of historic information the average grade was 3,930ppm Total Rare Earth Oxide and 12.44% Titanium Dioxide. Overview of Historic Resource Data /Analysis: 1,033m of drilling from 21 holes within the Tiros Mineral Rights, 3,975m of drilling from 95 holes exits in the greater Tiros region, GPR Profiles - subsurface imagery, Aerial geophysical Magnetic and Gamma Survey, and Remote Sensing Studies, Geochemical database of 3,000 soils/rocks/chips, Preliminary metallurgical studies on the Titanium beneficiation, Mineralogy studies and weathering profile characterization, Verification and re-assaying of the available core/drilling material, Overburden thickness mapping. Current work completed towards a new 43:101 /JORC resource includes: Reassay of 258 samples from historic drilling. The Average TiO2 Grade was 12.44% and Average TREO grade was 3930 ppm. 17 new auger holes drilled at an average depth of ~10 m, totalling 163.5 m. 147 samples were made by Resouro from these auger holes. Samples from the first 8 auger holes have been sent to SGS in Brazil and the results are expected soon. A 4,000 meter Reverse Circulation drilling program is planned, a drill rig is on standby and final environmental permits are expected so that drilling can start in August 2023. Resouro is developing Metallurgical Test-work to determine TREO recoveries and TiO2 recoveries using a number of different extraction methods. A 205kg Composite Sample sent to Nomos - Prosper Labs in Brazil for TREO and TiO2 Test Work. A 50kg composite sample prepared to be sent to ANSTO in Sydney for TREO Test Work. A 50kg composite sample prepared to be sent to Dorfna Anzaplan in Germany for TREO and TiO2 Test Work. 258 Samples were resampled for TiO2 from the previous Reverse Circulation Aircore Drilling Program for Quality Control and Quality Assurance and there was a near 1:1 correlation between historic samples and the newly reassayed samples. TREO grades were not available in the historic drilling but are available from the resampling campaign. The historic non 43-101 compliant resource was delineated from the original 21 drill holes of the property. The data was obtained from the Final Positive Exploration Report presented by the previous owners to the ANM, the Mining Authority in Brazil. The estimate was prepared selecting the intervals with a TiO2 cut-off grade of 6%. TREO grades were not used in the historical estimate and are strongly correlated with titanium mineralization. A semi-horizontal wireframe was interpreted, joining the top and base of these intervals. A block model of 50m x 50m x 10m was used to interpolate TiO2 grades using an Inverse of the Squared Distance method. The non-compliant classification was based on distances to the nearest hole: less than 200m, measured; 200 to 400m, indicated; and 400-800m inferred. Cautionary note: A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and Resouro is not treating the historical estimate as current mineral resources or mineral reserves. Resouro's initial Resource Target, based on resampling the data from 21 RC Aircore Holes and the previous Resource Calculation submitted to the Brazilian ANM is 630 million tonnes at 12% TiO2 and 3,900ppm TREO. The magmatic source of Tiros is understood to be of the same Alkaline Province style as other Ionic Clay REE deposits in Minas Gerais. Rare Eath Elements are liberated from the rock by weathering /oxidation and are retained by weak bonds with clay minerals. The Red Zone at Tiros is an extensive layer of severely oxidized or weathered material. Highly weathered, clay rich material is a requirement for Ionic Clay Extraction methods. The initial basic test-work done by Resouro to date has recovered REE by this method and are confident these findings will continue. Resouro is completing further testwork in Brazil and is sending two 50kg composite samples from recent Auger Drilling to ANSTO in Australia and Dorfna Anzaplan in Germany to complete metallurgical testwork. This testwork will determine the percentage metallurgical recovery of Rare Earth Elements that can be achieved using simple Ionic Clay Extraction methods or any other method with positive economic results. Announcement • Jul 23
Resouro Gold Inc. Announces Board Changes Resouro Gold Inc. announced that the Company has bolstered its Board of Directors by appointing Ms. Anne Landry and Mr. Justin Clyne. Both Ms. Landry and Mr. Clyne are highly experienced Company directors with a history of relevant public company and industry experience who bring a wealth of knowledge and expertise, aligning with the Company's strategic goals and vision. Ms. Landry is an international finance professional with experience in financial structuring, investments and strategy. She has been responsible for the oversight and bankable structuring of projects in various sectors, including mining, and with financial institutions and multilateral organizations worldwide. She holds a Bachelor of Commerce from McGill University, a Masters of Business Administration from Institut Suprieur de Gestion in Paris and is a CFA charterholder. Mr. Justin Clyne is an Australian based company director and company secretary for public-listed and unlisted companies. He has significant experience and knowledge in international law and corporate regulatory requirements. Justin was admitted as a solicitor of the Supreme Court of New South Wales and High Court of Australia in 1996 before gaining admission as a barrister in 1998. Over the past 16 years, Justin has dedicated himself full time to the provision of corporate advisory and related services for listed entities primarily in the Australian and North American markets from incorporation through to takeovers and other large corporate transactions. He holds a Master of Laws in International Law from the University of New South Wales. He is also a qualified Chartered Company Secretary and a Member of the Australian Institute of Company Directors. Additionally, the company announced that effective immediately, Mr. Ricardo Rossin has resigned from the Board. Announcement • Jul 15
Resouro Gold Inc., Annual General Meeting, Sep 18, 2023 Resouro Gold Inc., Annual General Meeting, Sep 18, 2023. Announcement • Jul 12
Resouro Gold Inc. announced that it has received CAD 2 million in funding On July 11, 2023, Resouro Gold Inc. closed the transaction. The agent was issued, 800,000 Common Shares representing a capital raising fee of 6.0% of the aggregate gross proceeds of the Offering, payable in cash or through the issuance of the number of Common Shares equivalent to the value of the Capital Raising Fee at a price of CAD 0.15 per Common Share. In addition to the Compensation Shares, the Company issued to the Agent 600,616 warrants to purchase Common Shares, with each Agent's Warrant exercisable into one Common Share for a period of three years from the Closing Date at an exercise price of CAD 0.20 per Common Share. The securities issued in connection with the Offering are subject to a statutory hold period of four months plus one day from the Closing Date, being November 12, 2023, in accordance with applicable securities legislation. The Offering has received conditional acceptance of the TSX Venture Exchange and is subject to final acceptance upon the final documentation with the TSXV. Announcement • May 24
Resouro Gold Inc. announced that it expects to receive CAD 1.25 million in funding Resouro Gold Inc. announced a brokered private placement up to 8,333,333 shares at a price of CAD 0.15 per share for gross proceeds of up to CAD 1,250,000 on May 23, 2023. In accordance with applicable Canadian securities laws, all securities issued will have a hold period of four months and one day from the date of issuance. Completion of the transaction remains subject to the receipt of all necessary regulatory approvals, including approval of the Toronto Venture Stock Exchange. Announcement • May 13
Resouro Gold Inc. announced that it has received CAD 0.413 million in funding On May 11, 2023, Resouro Gold Inc. closed the transaction. The company issued 2,753,333 common shares at a price of CAD 0.15 per share for gross proceeds of CAD 413,000. The transaction was oversubscribed.
On May 12, 2023, the company announced that TSX Venture Exchange has accepted for filing documentation with respect to transaction. The transaction included participation from seven placees. Announcement • Dec 15
Resouro Gold Inc. Releases Further High-Grade Drill Results from Its Novo Mundo Project, Brazil Resouro Gold Inc. announced further drill results from its exploration program at the flagship Novo Mundo Project located in the prolific Alta Floresta Gold Belt in north-central Brazil. Hole NMDD 010, located between the main Dionísio and Luisão pits, returned 16.21 m @ 2.97 g/t gold (Au) at a depth of 55.9 m, including 2.29 m @ 11.4 g/t Au at 55.9 m and 1.08 m @ 19.93 g/t Au at 71.03 m. Drill Hole 10 was drilled between the previously announced high-grade NMDD 002 and the historical FNV 009, confirming the presence of multiple ore shoots along the structure. Resouro's preliminary exploration program was designed to target the definition and confirmation of the multiple ore shoot model, as common in the epithermal systems and in the regional deposits. For that, extensive grab rock chip sampling was executed in parallel with the preliminary drilling program. Both the drilling program and rock chip sample results confirm the model of multiple outcropping high-grade ore shoots along parallel structures at the Luisão-Dionísio Target, with three high-grade ore shoots already defined and reported in this round of drilling. Channel samples and rock chip samples at surface indicate that the mineralization in these intercepts may have continuity all the way to the surface and could be converted to a high-grade resource with substantial true widths that may be amenable to mining in shallow open pits. The next step will be to incorporate these intercepts into a new geological model and complete close-spaced near-surface drilling, up-plunge and along strike, to estimate grade and width continuity along strike and at surface. In addition, the results confirmed the extensions of the mineralization and the structure along the strike for at least 2 km and were successful in defining new parallel structures where high-grade gold mineralization (54 g/t Au, 20.3 g/t Au, 17.8 g/t Au) occurs at the surface. This shows the great upside potential of the target and opens a drilling opportunity for the next exploration program. The next phase of exploration will focus on infill drilling of the discovered ore shoots for geometry definition and to test extensions along the plunge of the mineralization. Further exploration drilling is also required along the strike and at the parallel structures to identify other high-grade shoots. Exploration Results: The Dionísio-Luisão mineralized zone comprises three major historical open pits aligned E-W along 2.2 km. The Modesto pit is about 300 m long and lies at the east portion of the area. Luisão is the central pit and is also about 300 m long, while Dionísio is about 200 m long and is located at the west portion of the trend. All three pits were the focus of artisanal mining of high-grade oxide ore. The rock chip sample results received from the lab confirmed the high-grade outcropping mineralization along the strike of the major trend and in an additional parallel trend just about 100 m to the south. Four samples out of 19 received so far returned grades above 10 g/t of gold. Samples taken from the Luisão and Dionísio Pits returned high grades of 27.3 g/t and 32.9 g/Au. Samples are composed by quartz veins with sericite alteration and high Pyrite content. A sample of the host hydrothermally altered granite was also collected and returned a grade of 3.91 g/t Au. The regional sampling program focused on the extensions of the main trend and is the investigation of parallel structures. Results received to date define a high-grade parallel mineralized trend, about 100 m to the south of the major trend. The preliminary drilling program was design to test the model of the multiple ore shoots along one of the major parallel structures. NMDD 010 crossed an extensive Sericitic-Chloritic halo with coarse pyrite that returned positive and continuous interval confirming the presence of the high-grade ore shoot. Board Change • Dec 02
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Ricardo Rossin is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Ricardo Rossin is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Oct 18
Resouro Gold Inc. Appoints Sandra Evans as Chief Financial Officer Resouro Gold Inc. announced that Ms. Sandra Evans, CPA, CGA (Alberta) of Grove Corporate Services Ltd. ("Grove") has been appointed as Chief Financial Officer of the Company, subject to approval by the TSX Venture Exchange (the "Exchange"). Ms. Evans has over 30 years of experience in the energy, mining and manufacturing industries, both domestically and internationally. She has held senior accounting roles in several highly successful international exploration companies and brings a hands-on approach to budget management and public reporting. Ms. Evans succeeds Mr. William Tsang as Chief Financial Officer. Announcement • Sep 22
Resouro Announces Initial Drill Results from Novo Mundo, Brazil Resouro Gold Inc. announced initial drill results from its first phase of exploration at its 100%-owned Novo Mundo Gold Project, located in the Alta Floresta Gold Belt in Mato Grosso, Brazil. Assays from the first two of eleven diamond drill holes completed by Resouro have been received, with hole NMDD002 returning 11.65 m @ 5.1 g/t gold (Au) from 65.89 m, including 2.5 m @ 8.1 g/t Au from 66.39 m and 4.6 m @ 6.3 g/t Au from 72.94 m. These results confirm the broad widths of high-grade mineralization extending to depth below the Dionísio artisanal workings. Assay results for the remaining holes are pending and will be published when received. This initial program was designed to test the strike and plunge continuity of mineralized shoots along the Luisão - Dionísio- Modesto mineralized trend and confirm the presence of high-grade mineralization identified in historic exploration. This trend makes up a small portion of the 16,735-hectare Novo Mundo property that is characterized by numerous artisanal workings and has undergone no systematic exploration. Additional program highlights: Re-logging of historic drill holes, mapping and sampling of artisanal pits and outcrops confirmed the presence of two parallel high-grade shoots some 100m apart, controlled by at least two major E-W striking structures, with a combined strike length of over 4.5 km. Additional exploration targets over the remainder of the Novo Mundo property have been highlighted by interpretation of historical data including soil geochemistry, re-logging of the historical drill core, geological mapping, trenching, channel and grab chip samples. Hole NMDD 001 was collared to the east of the main Dionísio artisanal pit and was designed to test the continuation of the mineralized shoot between the Dionísio and Luisão pits. The drill hole intercepted a significant width of alteration and silver mineralization with low sulphide content (> 5%) that assayed 6 m @ 74.9 g/t Ag from 15m, including 2 m @ 215.4 g/t Ag from 17m. This silver-rich alteration represents a metal zonation along the main trend and follow-up drilling is planned. Hole NMDD 002 was collared 300m west of NMDD 001 immediately south of the Dioniso pit and was designed to test the down-dip extension of mineralization. A reddish monzogranite was intersected to 65.47m before cutting a zone of significant mineralization characterized by strong sericitic + chlorite + quartz ± muscovite ± phengite alteration with 15 - 20% coarse disseminated pyrite, with minor chalcopyrite and quartz veins. The main mineralised interval returned 11.65 m @ 5.11 g/t Au (from 65.89m) including 2.5 m @ 8.09 g/t Au (from 66.39 m) and 4.6 m @ 6.3 g/t Au (from 72.94 m), confirming the depth continuity of mineralization outcropping at the base of the pit. The high-grade gold assays are directly related to sulfide concentration (pyrite with minor chalcopyrite (see link) that forms structurally controlled, steeply-dipping shoots that repeat along the strike of the trends. Board Change • Sep 12
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Ricardo Rossin is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jul 30
Resouro Gold Inc., Annual General Meeting, Sep 28, 2022 Resouro Gold Inc., Annual General Meeting, Sep 28, 2022. Announcement • Jul 26
Resouro Gold Inc. Reports Substantial Progress At Novo Mundo Gold Project Resouro Gold Inc. reported that substantial progress has been made by its exploration team at Novo Mundo Gold Project. The Company mobilized a drill rig and has completed three diamond drill holes and is currently drilling the fourth in the initial 13 hole drill program. Key activities over the last two months have been. Desktop review and modelling of historic data including; soil, rock chip and drilling data defining the major mineralized trends within the main Novo Mundo Mineral Rights, which confirmed a number of significant geochemical anomalies. Diamond drill core from previous campaigns has now been re-logging to further defined hydrothermal alteration and mineral assemblage associated with both trends. New codes will be used on the geological modelling of the current drilling program. Rock chips samples from two major open pits at the Luisão-Dionísio trend returned grades of 27.3g/ton and 32.9 g/ton of Au. These sample were composed of quartz veins with sericite alteration and high Pyrite content. A sample of the host hydrothermally altered granite was also collected and returned a grade of 3.91 g/ton of Au. The first two diamond drill holes drilled were targeted at Dionísio. Both intercepted at least two zones with strong sericite + pyrite alteration and quartz veins, which are similar to the mineralized zones found in historical drilling and rock chip samples from the open pit. Board Change • Jun 28
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Ricardo Rossin is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jun 16
Resouro Gold Inc. Mobilizes for Exploration At Its Novo Mundo Gold Project Resouro Gold Inc. reported that it has mobilized its exploration team and contracted a diamond drill rig for an initial program at its 100% owned Novo Mundo Gold Project in Mato Grosso, Brazil. The initial exploration and drill program will be aimed at further understanding the structural control of the high-grade shoots identified in previous drilling at Novo Mundo to complete a report prepared in accordance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The preliminary program will include: 1,500m of drilling along Luisão, one of the major mineralized trends. The objective is to; to test continuity along strike and down plunge of the existing non-NI 43-101 resource. The preliminary program will include 13 drill holes which will test about 800m of the 4km long anomalous trend. Drilling will test high-grade surface mineralization on two of the main artisanal open pits along the trend. Exploration program also includes re-logging of historical drill cores for hydrothermal alteration definition and multi-element analysis. A regional geological mapping and rock chip sampling will be carried out in parallel with the drilling to further understand other defined drill targets along the major mineralized trends. Resouro's exploration team will also prepare lines for an IP geophysical survey. The IP survey will be designed to identify hot spots of high sulphide mineralisation which are associated with high gold grades along the 6km long mineralised trend contained within Resouro's Novo Mundo Mineral Rights. Board Change • May 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. President, CEO & Director Chris Eager was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 