Meteoric Resources NL (AU:MEI) has released an update.
Meteoric Resources NL has reported a significant 150% increase in the Mineral Resources Estimate for its Caldeira Project, with the Soberbo Mining Licence now contributing to a total of 545 million tonnes at 2,561 ppm Total Rare Earth Oxides. This marks the first Indicated Resource for the project and highlights the potential of the Caldeira Project to become a major supplier of rare earths, which are vital for global electrification. The update follows successful in-house drilling operations that have enhanced the project’s development prospects and will be instrumental in the forthcoming Scoping Study.
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