Meteoric Resources ’s Post

View organization page for Meteoric Resources , graphic

5,591 followers

This week we announced a substantial update to the Mineral Resources Estimate (MRE) for the Figueira Mining Licences at our 100%-owned Caldeira Rare Earth Element Ionic Clay Project.   Key Highlights: 🔹 Figueira MRE: Grows to 170Mt at 2,766ppm TREO with a 1,000ppm cut-off. 🔹 High-grade domain: 47Mt at 4,763ppm TREO at a 3,000ppm cut-off, driving early production potential. 🔹 Overall Caldeira Project MRE: Now 740Mt at 2,572ppm TREO, up by over 80% since April 2023.   Our CEO, Nicholas Holthouse added, “The announcement of the update to the existing Mineral Resources Estimate for the Figueira Mining Licences results in a significant upgrade in the size and geological confidence of our overall Caldeira Project Resource and serves to further validate the projects position as the world’s premier ionic clay hosted rare earth element development.   We expect the additional 47Mt at greater than 4,000ppm TREO included in this update to drive further upside into our future early-stage, high-grade production profile.   We remain committed to our goal of being the lowest-cost, scalable supplier of rare earth elements to the growing western supply chain and remain on track to deliver a Pre-Feasibility Study for the Caldeira Project.”   Stay tuned for more updates as we progress towards completing the Pre-Feasibility Study in December 2024.   Read the full announcement here ➡️ https://bit.ly/3LTMagc   #MeteoricResources #MEI #RareEarths #Brazil #CaldeiraProject #Mining

Outstanding, well done team!!

To view or add a comment, sign in

Explore topics