Meteoric Resources (ASX: MEI) — Company Overview, News & Financial Data
Meteoric Resources focuses on the Caldeira Rare Earths Project in Brazil and Palm Springs Gold Project in Australia.
Meteoric Resources
Meteoric Resources is an Australian mineral exploration and resource development company focused on critical raw materials for global energy transitions. The company's primary asset is an ionic absorption clay rare earth deposit located in the state of Minas Gerais, Brazil. This flagship asset contains a mineral resource estimate exceeding one billion tonnes with significant concentrations of heavy and light magnet rare earth elements, including neodymium, praseodymium, dysprosium, and terbium. Meteoric Resources aims to supply refined specialty rare earth products for electric vehicles, wind turbines, and high-technology applications. The company also holds gold exploration tenure in Western Australia.
Snapshot
Operations
Products and/or services of Meteoric Resources
- Rare Earth Ionic Clay Exploration and Mine Development: Development of a provincial-scale ionic absorption clay rare earths deposit in Minas Gerais, Brazil, featuring a mineral resource estimate exceeding one billion tonnes rich in critical magnet rare earths including neodymium, praseodymium, dysprosium, and terbium.
- Mixed Rare Earth Carbonate Processing: Production of high-grade mixed rare earth carbonate via ammonium sulfate leaching and precipitation techniques, delivering intermediate feedstocks for downstream chemical refining, magnet manufacturing, and international clean energy supply chains.
- Metallurgical Testing and Process Development: Execution of continuous pilot plant operations and flowsheet refinement in partnership with nuclear and metallurgical test facilities to prove commercial recovery rates, optimize reagent consumption, and validate high-purity product specifications.
- Critical Magnet Metals Supply: Commercialization and supply of key magnet-feed rare earths, specifically neodymium, praseodymium, dysprosium, and terbium, for application in electric vehicle traction motors, direct-drive wind turbines, advanced robotics, and defense technologies.
- Precious Metals Exploration Tenure: Maintenance and geological evaluation of regional gold exploration licenses located in the Kimberley region of Western Australia, encompassing historical open-pit mine workings, prospective structural trends, and target delineation for precious metals.
- High-Grade Deposit Delineation and Mine Planning: Extensive auger and diamond drilling campaigns aimed at defining ultra-high-grade surface clay zones, optimizing open-pit selective mining strategies, and supporting feasibility studies for low-cost operational development in South America.
Meteoric Resources executive team
- Dr. Andrew James Tunks B.Sc (Hons), Ph.D.Executive Chairman
- Mr. Stuart Gale BECON, F.C.A.MD, CEO & Director
- Mr. Andy ThomsonChief Financial Officer
- Mr. Peter SheehanChief Operating Officer
- Dr. Paul Anthony Kitto B.Sc., Ph.D.Non-Executive Director & Technical Director
- Dr. Marcelo Juliano de Carvalho M.Sc., Ph.D.Chief Geologist & Executive Director
- Cathal SmithGeneral Counsel
- Mr. Jose Alberto DambrosioGroup Human Resources Director
- Mr. Matthew Foy A.C.I.S., AGIA, BCom, FCIS, GradDipACG, M.A.I.C.D.Company Secretary