Meteoric Resources Limited Expands Caldeira Ore Reserve by 42% Ahead of Definitive Feasibility Study
Meteoric Resources Limited (ASX: MEI) has significantly strengthened the long-term development outlook for its wholly owned Caldeira Rare Earth Project in Brazil after increasing the project's Ore Reserve by 42% to 146 million tonnes. The updated reserve contains 517,000 tonnes of Total Rare Earth Oxides and 126,000 tonnes of Magnetic Rare Earth Oxides, supporting more than 20 years of planned production at an annual processing rate of 6 million tonnes.
More than 100 million tonnes of the reserve carries grades exceeding 4,000 ppm TREO, while 28% of the reserve is supported by Measured Resources, enhancing geological confidence. The company highlighted that extensive drilling, metallurgical testing and pilot plant operations have reduced project risk ahead of the upcoming Definitive Feasibility Study. Combined with favourable infrastructure, a low-cost processing route and increasing global demand for critical rare earth materials used in electric vehicles, renewable energy and advanced technologies, the expanded reserve further reinforces Caldeira's position as a globally significant rare earth development project.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Meteoric Resources Limited Expands Caldeira Ore Reserve by 42% Ahead of Definitive Feasibility Study
Meteoric Resources Limited (ASX: MEI) has significantly strengthened the long-term development outlook for its wholly owned Caldeira Rare Earth Project in Brazil after increasing the project's Ore Reserve by 42% to 146 million tonnes. The updated reserve contains 517,000 tonnes of Total Rare Earth Oxides and 126,000 tonnes of Magnetic Rare Earth Oxides, supporting more than 20 years of planned production at an annual processing rate of 6 million tonnes.
More than 100 million tonnes of the reserve carries grades exceeding 4,000 ppm TREO, while 28% of the reserve is supported by Measured Resources, enhancing geological confidence. The company highlighted that extensive drilling, metallurgical testing and pilot plant operations have reduced project risk ahead of the upcoming Definitive Feasibility Study. Combined with favourable infrastructure, a low-cost processing route and increasing global demand for critical rare earth materials used in electric vehicles, renewable energy and advanced technologies, the expanded reserve further reinforces Caldeira's position as a globally significant rare earth development project.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au