Meteoric Resources Advances Caldeira as DFS Nears Completion

Meteoric Resources Limited (ASX: MEI) delivered a productive June 2026 quarter, marking steady progress toward the development of its Caldeira Rare Earth Project in Brazil. The company advanced engineering, technical and commercial activities ahead of the Definitive Feasibility Study (DFS), while significantly strengthening the project's resource profile. Updated resource modelling lifted the project's mineral inventory and substantially increased higher-confidence Measured Resources. The latest Ore Reserve also expanded, providing greater confidence in long-term production potential and supporting an expected mine life of more than two decades at the planned mining rate.

Operational achievements further reinforced project momentum, with the pilot processing plant delivering strong rare earth recoveries and consistently producing high-quality Mixed Rare Earth Carbonate for customer qualification and downstream evaluation. During the quarter, the company consolidated ownership of key mining areas, completed a successful AU$40 million capital raising backed by institutional investors, and maintained a solid cash position to support upcoming development milestones. Environmental approvals continue to progress in line with regulatory timelines, positioning the project for further advancement toward a final investment decision.

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