• Maiden MRE of 389Mt at 2,204ppm TREO including 77Mt at 2,917ppm TREO
• High-grade Indicated Resource of 32Mt at 4,130ppm TREO
• Increases volumes of critical rare earths subject to Chinese Export Control

Meteoric Resources NL (ASX: MEI) is pleased to announce the maiden Mineral Resource Estimate (MRE) for the Barra do Pacu (BDP) licence at its 100%-owned Caldeira Rare Earth Element Ionic Clay Project. The maiden MRE at BDP totals 389Mt at 2,204ppm TREO (1,000ppm cut-off grade), with 432ppm MREO. High-grade resources in the Indicated category total 77Mt at 2,917ppm TREO, with 545ppm MREO for a MREO/TREO ratio of 18.7%. The global Caldeira MRE grows to 1.5Bt @ 2,359ppm TREO containing critical rare earth oxides such as 195kt of Yttrium oxide, 195kt of Praseodymium oxide, 554kt of Neodymium oxide, 65kt of Samarium oxide, 28kt of Gadolinium oxide, 6kt of Terbium oxide and 32kt of Dysprosium oxide. The Global Measured and Indicated MRE now stands at 666Mt @ 2,685 ppm TREO including 22.5% MREO. Barra do Pacu is a continuation of the high-grade zone at Capão do Mel and will be integrated into the upcoming Caldeira Project Pre-Feasibility Study. The updated MRE represents a 35% increase in tonnes relative to the previous update.

The Caldeira Project continues to prove its Tier 1 status as one of the highest-grade IAC rare earth deposits in the world, with a combination of large tonnage, high-grade and excellent recoveries. The outstanding inventory of high-grade material in the Measured and Indicated categories continues to grow to support the development of the Caldeira Project.