The latest update is out from Meteoric Resources NL ( (AU:MEI) ).
Meteoric Resources NL has announced the maiden Mineral Resource Estimate for the Barra do Pacu licence at its Caldeira Project, adding 389 million tonnes of rare earth oxides. This development significantly enhances the company’s resource base, doubling the Indicated Resource near the proposed processing plant site and positioning the Caldeira Project as a key player in the global rare earth supply chain. The addition of Barra do Pacu strengthens Meteoric’s ability to offer a low-cost alternative to Chinese-controlled rare earths, potentially driving strong economic returns and rapid capital payback.
More about Meteoric Resources NL
Meteoric Resources NL is a company operating in the mining industry, focusing on the exploration and development of rare earth elements. Their primary project is the Caldeira Rare Earth Element Ionic Clay Project, which aims to provide a strategic supply of high-grade rare earths, particularly in light of recent export controls from China.
YTD Price Performance: -16.25%
Average Trading Volume: 6,146,939
Technical Sentiment Signal: Buy
Current Market Cap: A$156.6M
For detailed information about MEI stock, go to TipRanks’ Stock Analysis page.