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Meteoric Resources Limited (ASX:MEI)

ALERT: Price-sensitive ASX Announcement for MEI
Current share price for MEI : $0.170 0.02 (13.33%)+
Announcement
Release
10 Dec 2025 8:40AM
Price at Release
$0.150
Full Release
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Summary
Meteoric Resources NL has successfully produced its first batch of Mixed Rare Earth Carbonate (MREC) from its newly constructed Pilot Plant for the Caldeira Rare Earth Project in Minas Gerais, Brazil. This achievement places the company among a select group of global entities capable of independently producing MREC. The Pilot Plant's design is based on comprehensive test work done at ANSTO, aiming to enhance process parameters and optimization. The plant has commenced processing with low-grade clay ore and has successfully commissioned various unit processes including ore preparation, leaching, and water treatment. The pilot plant's outputs will feed into the Caldeira Project Definitive Feasibility Study being conducted by Ausenco. This development also allows for further exploration of downstream processing options for rare earth element separation.
Key Points
  • First MREC production achieved from Caldeira Project Pilot Plant.
  • Pilot Plant located in Poços de Caldas, Brazil.
  • Unit processes such as ore preparation, leaching, and water recycling successfully commissioned.
  • Data from pilot campaigns to be incorporated into the Caldeira Project Definitive Feasibility Study.
  • Potential for further downstream processing options being explored.
  • Operational readiness plan implemented in May 2025.
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.