Meteoric Resources ASX Quarterly Activities Report
Key points
- Meteoric has advanced all key technical, engineering, and commercial workstreams to their final stages.
- Updated Caldeira Mineral Resource Estimate now totals 1.6Bt @ 2,317 ppm TREO.
- Caldeira Pilot Plant has continued to deliver robust recoveries and consistent MREC production.
- Successfully raised $40 million through a Placement.
- Environmental licensing process for Caldeira is progressing as planned.
Full summary
Meteoric Resources Limited (ASX: MEI) reported its Quarterly Activities Report for the three-month period ending 30 June 2026. The company has advanced all key technical, engineering, and commercial workstreams to their final stages, with delivery of the Caldeira Definitive Feasibility Study (DFS) in the near term. An updated Caldeira Mineral Resource Estimate now totals 1.6 billion tonnes @ 2,317 ppm TREO. The Caldeira Pilot Plant has continued to deliver robust recoveries and consistent Mixed Rare Earth Carbonate (MREC) production. The company successfully raised $40 million through a Placement. Environmental licensing for the Caldeira Project is progressing as planned, with formal endorsements from key federal entities.
Guidance
Raised $40 million through a Placement.
Outlook
The company remains well capitalised to advance all remaining Caldeira milestones with a quarter-end cash balance of $37.8M.
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