New CEO to drive more progress at Resouro Strategic Metals

Resouro Strategic Metals has appointed rare earths specialist Alistair Stephens as CEO to help steer the next phase of growth at its Tiros project in Brazil.

Pic: Getty Images

• Resouro Strategic Metals appoints experienced rare earths specialist Alistair Stephens as CEO

• Starting on November 1, Stephens will play a leading role in advancing Resouro’s globally significant 1.7 billion tonne Tiros titanium and rare earths project

• Stephens specifically brings expertise in developing feasibility studies, which will be crucial in Resouro’s next phase of development

Special Report: Resouro Strategic Metals has appointed experienced rare earths specialist Alistair Stephens as CEO to help steer the next phase of growth at its globally significant Tiros project in Brazil. 

Starting on November 1, Stephens will bring to Resouro Strategic Metals (ASX:RAU) 35 years’ experience in mining, particularly critical minerals and rare earths.

That includes gaining expertise in commodity marketing and playing a key role in finalising feasibility studies for major rare earths projects, notably Arafura Resources’ (ASX:ARU) Nolans, Globe Metals and Mining’s (ASX:GBE) Kanyika and Lindian Resources’ (ASX:LIN) Kangankunde.

As part of that work Stephens led metallurgical flowsheet and engineering design development, giving him skills that will be crucial in the next stage of progress at Tiros.

He will now play a key role in developing the Tiros project which has a maiden mineral resource estimate of 1.7 billion tonnes, making it one of the world’s largest JORC combined REE and titanium deposits.

Chris Eager, Resouro’s executive chairman, president and founder, said: “We are delighted to welcome Alistair as CEO at this exciting stage in the company’s growth trajectory.

“Alistair’s proven leadership, deep industry expertise, and forward thinking, align with our vision for Resouro to become a world leader in the provision of rare earth elements and titanium.

“Alistair brings a wealth of experience in steering organisations through complex challenges and unlocking new opportunities, making him the ideal person to help guide Resouro through our next phase of growth and innovation.

“The Board has full confidence in his ability to drive our strategic objectives, build on our strong foundation, and deliver long-term value for our shareholders.”

Eager will continue in the role of Executive Chairman and work closely with Alistair.

High grade opportunity

Stephens’ appointment comes as Resouro starts the next phase of metallurgical test work on Tiros ore. This phase follows test work partner Altilium achieving the highest known rare earth extractions, including 96.2% extraction of the high-value magnetic rare earth elements.

The news follows Resouro’s acquisition last month of three mineral rights next to the 45,000-plus hectare Tiros project, which has yielded high grade rare earth and titanium assays from close to surface.

Just ahead of that, Pitt Street Research released a report finding the Resouro is significantly undervalued compared with its peers and a rerate of more than 100% could be warranted.

This article was developed in collaboration with Resouro Strategic Metals, a Stockhead advertiser at the time of publishing.

 This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.