Meteoric Resources Boosts Caldeira Project’s Financial Outlook

Meteoric Resources NL (AU:MEI) has released an update.

Meteoric Resources has updated its Caldeira Scoping Study, revealing improved financial metrics due to the inclusion of high-grade Figueira resources. This update boosts the project’s economics, increasing NdPr production and reducing operating costs, with a 14% rise in pre-tax NPV to US$1,403M and a 6% increase in pre-tax IRR to 40.4%. The adjustments promise a robust 20-year mine plan, making it an attractive proposition for investors.

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