01 · INLAND
100 km on tarmac roads
Good quality sealed roads connect Rosário directly to the coast, hauled by a fleet of 50-tonne trucks. National grid power and year-round water at site.
◆ Pre-IPO · London Stock Exchange · 2026
Unlocking Brazil's
next iron ore frontier.
Lion Norte is developing the Rosário Project in the north region of the state of Piauí, a fully integrated, mine-to-port operation positioned to deliver high-grade iron ore concentrate.
200–250Mt
Initial resource target
100km
Mine to port
62–65% Fe
Product grade
7–10Mtpa
Production
The Proposition
A rare combination of fundamentals.
01
Highly Scalable
Initial expected Resources of +200Mt across 4 mineral rights having an upside for additional 108 mineral rights of contiguous tenements of similar geology.
02
Smooth Operation
Free-digging, open pit, expected zero strip ratio, shallow (20m depth), flat geography.
03
Integrated Logistics
Tarmac road to Porto Piauí, among the shortest mine-to-port distances on the planet.
04
Experienced Team
Executives and technical team with decades of experience and a long track record in the mining industry.
The Rosário Project
Four mineral rights.
7,800 hectares of contiguous tenements in a flat, free-digging open-pit configuration. A 20-metre target depth, a strip ratio effectively at zero, and a clear ramp from 1–4 Mtpa to a phase-two plateau of 5–10 Mtpa.
7,800 ha
Mineral rights area
20 m
Shallow target depth
20–25 yr
Target mine life
~0
Strip ratio
Integrated Logistics
From mine to port, among the shortest distances on the planet.
02 · PORT
Porto Piauí — Luís Correia
Private Terminal owned by Investe Piauí. Expected to be operational in 2H 2026.
Roadmap
Timeline to first production.
-
012024–25
Exploration
Discovery, mapping & NI 43-101 exploration certification.
-
022025–26
De-risk
Drilling campaign, MoU with Porto Piauí, geo-metallurgy.
-
032026
IPO (LSE)
Resource certification, PEA, strategic investors, listing.
-
042026–27
Feasibility
PFS, licences & permits, port terminal agreement.
-
052028
Production
Installation, operational licence, first shipment Q4.