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Meteoric Resources Limited (ASX:MEI)

ALERT: Price-sensitive ASX Announcement for MEI
Current share price for MEI : $0.168 -0.007 (-4.29%)+
Announcement
Release
18 Nov 2025 8:38AM
Price at Release
$0.175
Full Release
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Summary
Meteoric Resources NL announced the completion of wet commissioning for its Pilot Plant at the Caldeira Rare Earth Ionic Clay Project in Minas Gerais, Brazil. The pilot plant, designed to process 25kg/hour of ore, has been constructed within budget at A$1.5 million. The commissioning included recruitment, induction, and training of operations staff, alongside the dry commissioning phase which commenced in October. The first Mixed Rare Earth Carbonate (MREC) production is expected in early December. This development is significant for validating the process flowsheet, producing MREC for offtake partners, and assessing further rare earth separation options on site.
Key Points
  • Wet commissioning of Pilot Plant completed.
  • Pilot Plant constructed for A$1.5 million, within budget.
  • First MREC production expected early December.
  • Pilot Plant validates process flowsheet and assesses rare earth separation options.
  • Staff recruited, inducted, and trained for operations.
  • Dry commissioning began in October.
  • Development marks important step in de-risking Caldeira Project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.