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Meteoric Resources NL ( (AU:MEI) ) has shared an update.
Meteoric Resources NL has completed a Pre-Feasibility Study (PFS) for its Caldeira rare earths project, confirming its potential as a globally strategic, long-life project with significant growth prospects. The study highlights a 40% increase in total rare earth oxide production over the life of the mine, with an optimized plan for higher annual production at lower capital intensity. The project is backed by over $30 million in investment, with strong operational and financial performance expected across market cycles. The PFS also emphasizes the project’s sustainability credentials, with plans to source 100% of its energy from renewable sources and a Memorandum of Understanding with the State of Minas Gerais designating it as a priority project. The announcement positions Meteoric Resources as a key player in the rare earths industry, with implications for stakeholders including potential cost improvements and expanded market opportunities.
The most recent analyst rating on (AU:MEI) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Meteoric Resources NL stock, see the AU:MEI Stock Forecast page.
More about Meteoric Resources NL
Meteoric Resources NL is a company operating in the rare earths industry, focusing on the exploration and development of rare earth oxide projects. Their primary product is magnetic rare earth oxides, with a significant market focus on the strategic and high-value rare earth elements sector.
Average Trading Volume: 6,903,630
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$362.3M
Find detailed analytics on MEI stock on TipRanks’ Stock Analysis page.