Meteoric Resources

We invite our valued shareholders and stakeholders to read our latest Corporate Presentation, which provides an in-depth update on the Caldeira Rare Earths Project in Brazil - the world’s highest-grade ionic adsorption clay REE deposit.   The presentation highlights the exceptional scale and quality of Caldeira, with a mineral resource of 740Mt @ 2,572ppm TREO, strong exploration upside and a development strategy focused on delivering low-cost, high-recovery processing. Our project economics remain highly compelling throughout the cycle, built on a forecast position at the bottom of the industry cost curve.   Access the full presentation here: https://bit.ly/3X1aaDT   #MeteoricResources #MEI #ASX #REE #RareEarths #CriticalMinerals #Mining #Exploration #CaldeiraProject 

Our Managing Director and CEO, Stuart Gale will be presenting at the RIU Explorers Conference on Tuesday, 18th February at 10:15am at the Esplanade Hotel Fremantle.   Stuart will provide an update on the exciting exploration upside and study work at our Caldeira Rare Earth Ionic Clay Project in Brazil. His presentation will highlight the latest developments and the broader growth trajectory for this provincial scale asset.   We invite you to join us at this conference and stay up-to-date with Meteoric Resources’ latest developments.   Register here: https://bit.ly/4gDhigy Vertical Events #MeteoricResources #MEI #RareEarths #Mining #ASX #RIUExplorersConference

Tune in to the below video to hear from our CEO Stuart Gale as he speaks with JustStocks about the high-grade rare earths discoveries at Agostinho Prospect in Brazil. #MeteoricResources #MEI

𝗛𝗶𝗴𝗵-𝗚𝗿𝗮𝗱𝗲 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿𝗶𝗲𝘀 𝗮𝘁 𝗔𝗴𝗼𝘀𝘁𝗶𝗻𝗵𝗼 𝗘𝘅𝗽𝗮𝗻𝗱 𝗖𝗮𝗹𝗱𝗲𝗶𝗿𝗮’𝘀 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹   We are pleased to announce exceptional drill results from the Agostinho Prospect at our 100%-owned Caldeira Rare Earth Project in Brazil, further reinforcing the project's scale and high-grade mineralisation.   Drilling has returned outstanding intercepts, including up to 19,183ppm TREO and 6,691ppm MREO, with MREO peak zones averaging 30.4% - a 7.4% increase over the global resource average. Heavy rare earth oxides have been recorded at up to 2% of TREO.   Key results include: AGOAC0107 – 24m @ 6,918ppm TREO (27% MREO), including 6m @ 19,183ppm TREO (34.9% MREO) AGOAC0110 – 22m @ 4,422ppm TREO (27.7% MREO), including 10m @ 7,831ppm TREO (35.6% MREO) AGOAC0079 – 28m @ 3,183ppm TREO (26.9% MREO), including 8m @ 7,462ppm TREO (37.6% MREO)   Our Chairman, Andrew Tunks said: “The exploration and drilling teams continue to identify additional high-grade areas across the Caldeira Project. These remarkable results confirm the extensive nature of mineralisation outside the current resource base. Further it highlights that there is considerable opportunity for Meteoric to target enriched zones of magnetic rare earths and heavy rare earths using our extensive database of project wide sampling which is unmatched inside the Caldera. It’s important to remember that we have still only infill drilled eight of the 69 licenses available at the Project and continued identification of high-grade mineralisation creates greater optionality for the potential expansion of the Project, at the right time, to support the sustainable supply of rare earth materials to the western world.”   Read the full announcement here: https://bit.ly/4gwBYqy   #MeteoricResources #MEI #ASX #REE #RareEarths #CriticalMinerals #Mining #Exploration #CaldeiraProject

𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟰 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝗶𝗲𝘀 𝗥𝗲𝗽𝗼𝗿𝘁   We continue to advance the Caldeira Rare Earth Project, with the updated Scoping Study incorporating high-grade tonnes from the Figueira Mineral Resource Estimate. This update further strengthens Caldeira’s position as a low-cost, sustainable source of critical rare earths, with an increased pre-tax NPV8% of US$1,403 million, an IRR of 40.4%, and a reduced payback period of 2.2 years. Production forecasts have also improved, with NdPr and REO output increasing by up to 7% over the Life of Mine, while operating costs have reduced to an industry-leading US$6.74/kg TREO.   Exploration activities continue to deliver outstanding results, with ionic clay drilling at Barra do Pacu confirming REE grades of up to 8,000ppm. Located south of the planned Capão do Mel starter pit and extraction plant, this mineralisation supports an expanded, low-cost operation, with grades exceeding 4,000ppm TREO for at least 10 years. These results will now be incorporated into the Pre-Feasibility Study.   Environmental permitting remains on track, with Environmental Impact Statements lodged and community engagement, including the Caldas Public Hearing, progressing. The Project’s strategic importance has been further recognised, with Caldeira included in Brazil’s Development & Climate Platform.   With a cash balance of $29.1 million, we remain well-funded and financially flexible as we progress project development. Recent leadership changes, including the appointment of Stuart Gale as Managing Director & CEO and Andy Thomson as CFO, reflect our focus on project execution, financing and long-term growth.   Read the full Quarterly Report here: https://bit.ly/42HIRSy   #MeteoricResources #MEI #RareEarths #Mining #ASX #CaldeiraProject #Mining #CriticalMinerals #Sustainability #REE

Rare Earths yearly drilling highlights — 2024

Meteoric Resources CEO Stuart Gale Tells JustStocks Video About Strong New Drill Results At Caldeira REE Project In Brazil

Meteoric Resources is pleased to provide an update on exploration at our 100%-owned Caldeira Rare Earth Ionic Clay Project in Minas Gerais, Brazil.   A recent drill program at the Barra do Pacu license has yielded exceptional results, intersecting high-grade, near surface ionic clay mineralisation immediately adjacent to our proposed Capão do Mel starter pit and processing plant.   Notable intercepts include 37 metres at 7,998 ppm TREO, 34 metres at 6,862 ppm TREO and dozens of other intervals exceeding our targeted high-grade feed grade 4,000 ppm TREO. These results further solidify Caldeira’s position as a globally significant rare earth project. The consistent high-grade mineralisation over a substantial area supports the development of a long-life, low-cost operation.   Our Managing Director, Stuart Gale commented: “The exploration and drilling teams continue to identify additional high-grade areas across the Caldeira Project. This work supports our capacity to feed high grade ore in excess of 4,000ppm TREO to the processing facility for significantly longer periods, further enhancing the economics of the Caldeira Project.   It’s important to remember that we have still only infill drilled seven of the 69 licenses available at the Project and continued identification of high-grade mineralisation creates greater optionality for the potential expansion of the Project, at the right time, to support the sustainable supply of rare earth materials to the western world.”   Read the full announcement here: https://bit.ly/49wAvi2 #MeteoricResources #MEI #RareEarths #Mining #ASX #CaldeiraProject

Tune into the below video to hear from our CEO Stuart Gale and Chairman Andrew Tunks as they speak with JustStocks' Andrew Scott about our recent company restructuring that reflect our commitment to delivering on the world-class potential of the Caldeira Ionic Clay Rare Earth Project. #MeteoricResources #MEI #Caldeira #RareEarths

Meteoric Resources is pleased to announce important leadership changes that reflect our commitment to delivering on the world-class potential of the Caldeira Ionic Clay Rare Earth Project and positioning Meteoric as a leader in rare earth materials supply.    Stuart Gale has been appointed as Managing Director and Chief Executive Officer, effective immediately. Since joining Meteoric as Chief Financial Officer in April 2024, Stuart has played a central role in advancing the Company’s financial and commercial strategies. With extensive leadership experience, including as CEO and Managing Director of Resolute Mining and senior financial roles at Fortescue Metals Group, Stuart is well-equipped to guide Meteoric through its focus on project delivery, financing, and strategic partnerships.   Andy Thomson steps into the role of Chief Financial Officer following his previous role as General Manager – Commercial. Andy brings over 30 years of international mining expertise, specialising in building scalable systems and delivering operational growth.   Former CEO Nicholas Holthouse will now focus exclusively on the development of the Caldeira Project, advancing it toward our target of first production by 2027.   Our Executive Chairman, Andrew Tunks, commented:  “This important Management restructure aligns with the strong progress the Company has made in the last two years since acquisition of the Caldeira Project. We are very excited for Stuart to take the reins at this critical juncture for Meteoric. Since he joined the Company earlier this year, Stuart has demonstrated exceptional leadership capabilities and strategic acumen. Add to this his wealth of experience in debt and equity capital markets and we’re highly confident in his ability to deliver the financial and commercial outcomes required to deliver on the world-class potential of the Caldeira Project.   At the same time Nick is moving to focus entirely on the delivery of the Caldeira Project to first production in 2027. Nick has the requisite development and project delivery to manage this ambitious timeline.” Read the full announcement here: https://bit.ly/4hRweK3   #MeteoricResources #MEI #RareEarths #Mining #ASX #Leadership #CaldeiraProject