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Meteoric Resources Limited (ASX:MEI)

ALERT: Price-sensitive ASX Announcement for MEI
Current share price for MEI : $0.190 0.045 (31.03%)+
Announcement
Release
11 Jun 2026 8:33AM
Price at Release
$0.145
Full Release
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Summary
Meteoric Resources NL announced that the Caldeira Project Pilot Plant in Minas Gerais, Brazil, has delivered exceptional performance in the first five months of operation. The plant has achieved outstanding magnet rare earth oxide (MREO) recoveries of 80% during May, with an average of 71% recovery in mixed rare earth carbonate (MREC) production. More than 200 kilograms of MREC have been produced and distributed to partners in the United States, Europe, Asia, and Brazil for further development and product qualification. The pilot plant has optimised the treatment and recovery of several critical rare earth elements, achieving significant improvements in purity and efficiency. These results have exceeded expectations and support the scale-up plans for the commercial plant, with a focus on long-term rare earth separation in Brazil.
Key Points
  • Caldeira Project Pilot Plant achieved 80% MREO recovery in May.
  • Average MREC production recovery of 71%.
  • Over 200 kg of MREC distributed for qualification and development.
  • Critical rare earth elements recovery optimised, improving by 10%.
  • Feedback from offtake partners is supportive, with impurities below 2%.
  • Pilot Plant results exceed expectations, supporting commercial scale-up plans.
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.