Meteoric Resources NL (AU:MEI) has released an update.
Meteoric Resources NL has announced a significant upgrade to the Mineral Resource Estimate for the Capão do Mel deposit within its Caldeira Project in Brazil, effectively doubling the measured and indicated resources. The high-grade core of the resource is anticipated to enhance the project’s economics and support a long-term production strategy. This development positions Meteoric as a potential low-cost, near-term supplier of rare earth elements, critical for various modern technologies.
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