Meteoric Resources NL (AU:MEI) has released an update.
Meteoric Resources has bolstered the financial outlook of its Caldeira Rare Earth Ionic Clay Project by incorporating high-grade resources from the Figueira deposit, leading to increased production and reduced costs. The project now boasts a 14% rise in pre-tax NPV and a 40.4% pre-tax IRR, with NdPr production expected to climb by 7% over the life of the mine. With ongoing exploration and a pre-feasibility study on track, the company is poised for significant growth potential.
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