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Meteoric Resources Limited (ASX:MEI)

ALERT: Price-sensitive ASX Announcement for MEI
Current share price for MEI : $0.180 0.01 (5.88%)+
Announcement
Release
9 Jul 2026 9:55AM
Price at Release
$0.170
Full Release
download
Summary
Meteoric Resources Limited has significantly increased its Measured Resources at the Caldeira Rare Earth Element Ionic Clay Project in Brazil by 246%, now totaling 128 million tonnes. This growth results from extensive infill drilling in the southern areas of Capão do Mel, Soberbo, and Figueira, enhancing geological confidence for their Definitive Feasibility Study. The project's Global Mineral Resource Estimate is now 1.6 billion tonnes at 2,317 ppm Total Rare Earth Oxides (TREO), featuring substantial quantities of essential rare earth elements like Praseodymium and Neodymium. The Caldeira Project is recognized for its large tonnage and high-grade resources and is considered a Tier 1 IAC Rare Earth Element deposit, emphasizing its significant potential and robust capacity for growth.
Key Points
  • Measured Resources at the Caldeira Project have grown by 246% to 128Mt.
  • The Global Mineral Resource Estimate (MRE) now totals 1.6Bt at 2,317 ppm TREO.
  • The increase in Measured Resources is due to detailed infill drilling at Capão do Mel, Soberbo, and Figueira.
  • The 50m x 50m drilling has improved geological confidence for the Definitive Feasibility Study (DFS).
  • The updated resources include significant amounts of Praseodymium, Neodymium, Terbium, and Dysprosium oxides.
  • Meteoric Resources Limited manages the Caldeira Rare Earth Element Ionic Clay Project in Brazil.
  • The project's strength lies in its large tonnage, high-grade resources, and excellent recoveries.
  • The Caldeira Project is classified as a Tier 1 status for Ionic Absorption Clay (IAC) Rare Earth Element deposits.
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.