March 25, 2025 — Meteoric Resources NL (ASX: MEI) is poised to become a pivotal player in the global rare earth market, according to Stuart Gale, Managing Director and CEO, who emphasized the immense potential of the company’s flagship Caldeira Rare Earth Ionic Clay Project during an interview with InvestorNews.com host Tracy Hughes. Gale described Caldeira, located in Brazil’s Minas Gerais region, as “brilliantly located” with a substantial resource base of 740 million tonnes, significant exploration upside, and exceptional ionic absorption clay deposits offering “fantastic grades and amazing recoveries.” He noted that the project’s positioning in a recognized brownfields mining area ensures straightforward approvals and scalability, adding, “We think this thing is scalable and scalable to a significant level.”
Gale outlined Meteoric’s clear path toward production, highlighting milestones such as the release of a scoping study in August 2024 and the imminent completion of a pre-feasibility study (PFS), which he expects to be announced “within the next couple of months.” This study aims to solidify the financial metrics initially presented in the scoping study, setting the stage for the funding phase. Gale underscored the strong support from the Brazilian government, noting plans to meet with the Brazilian Development Bank (BNDES) and other stakeholders to establish a robust domestic rare earths supply chain. He also confirmed Meteoric’s critical partnerships, stating, “In terms of our product and what we’re going to produce, we’re about two-thirds sold to both Ucore and Neo Performance.”
Recent exploration successes at Caldeira, particularly at the Agostinho prospect, further underscore the project’s strategic importance. Meteoric reported exceptional drilling results with intercepts containing up to 19,183 ppm Total Rare Earth Oxides (TREO) and significantly enriched Magnetic Rare Earth Oxides (MREO), reinforcing the project’s economic attractiveness and long-term viability. Gale emphasized Caldeira’s competitive advantage, remarking, “We’ve got grade, recoveries, scale, and costs… We’re absolutely on the very left-hand side [of the global cost curve].” The company’s commitment to sustainability—emphasized through renewable energy use, dry-stacked tailings, and progressive reclamation—further enhances its position as a key supplier of rare earths outside of China.
To access the complete interview, click here
Don’t miss other InvestorNews interviews. Subscribe to the InvestorNews YouTube channel by clicking here
About Meteoric Resources NL
Meteoric Resources NL (ASX : MEI) is a Perth based rare earth company that is progressing its flagship Caldeira Project in Minas Gerais, Brazil and aims to become Brazil’s next rare earth producer. The Caldeira Project is a true Ionic adsorbed Clay (IAC) deposit with above industry TREO grades and excellent metallurgical recoveries using a standard Ammonium Sulphate (AMSUL) wash flowsheet. These grade and recovery characteristics allow a simple flowsheet to be developed to produce a Mixed Rare Earth Carbonate (MREC) with an anticipated low capital and operating costs. Meteoric aims to become a significant volume, low-cost producer and is committed to supporting and integrating into western supply chain opportunities.
To learn more about Meteoric Resources NL, click here
Disclaimer: Meteoric Resources NL is an advertorial member of InvestorNews Inc.
This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.
This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.
Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.
Leave a Reply