Meteoric Resources Boosts Caldeira Project’s Rare Earth Estimates

Meteoric Resources NL ( (AU:MEI) ) has shared an announcement.

Meteoric Resources NL has announced a significant update to its Mineral Resources Estimate for the Caldeira Project, increasing the estimate by 50% to 1.1 billion tonnes of Total Rare Earth Oxides (TREO). This expansion underscores the project’s Tier 1 status and its potential to impact global rare earth markets. The company’s strategic focus on high-grade areas, such as the recently discovered Barra do Pacu, aims to enhance long-term value and support the development of a sustainable, low-cost rare-earth supply chain.

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. Its primary project is the Caldeira Rare Earth Element Ionic Clay Project, which positions the company as a potential low-cost supplier of critical minerals to global markets.

YTD Price Performance: -16.25%

Average Trading Volume: 4,499,035

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$154.3M

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