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Meteoric Resources NL ( (AU:MEI) ) just unveiled an update.
Meteoric Resources NL has updated its Caldeira Project Scoping Study to include additional high-grade resources from the Figueira Mineral Resource Estimate, enhancing the project’s economic potential. The updates improve key financial metrics, including a 14% increase in pre-tax NPV and a 6% rise in IRR, positioning Caldeira as a leading low-cost source of rare earths. The company is advancing its Pre-Feasibility Study and expects the project to have significant growth potential with only a fraction of its licenses explored. Meteoric is also strengthening its executive team and has completed the sale of the Palm Spring Gold Project, reflecting its strategic focus on becoming a global leader in rare earth supply.
More about Meteoric Resources NL
Meteoric Resources NL is a company operating in the rare earth industry with a focus on the exploration and development of critical rare earth materials. The company’s primary project is the Caldeira Rare Earth Ionic Clay Project in Minas Gerais, Brazil, which aims to be a sustainable and low-cost source of rare earths for Western markets.
YTD Price Performance: -1.25%
Average Trading Volume: 4,002,510
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$184.2M
For detailed information about MEI stock, go to TipRanks’ Stock Analysis page.
