Meteoric Resources NL (ASX: MEI) announced an updated Scoping Study for its Caldeira Rare Earth Ionic Clay Project, incorporating the high-grade Figueira deposit. This update enhances project economics, extending the 20-year life of mine (LOM). Key financial highlights include a 14% increase in pre-tax NPV8 to US$1.4 billion, a pre-tax IRR of 40.4%, and a faster payback period of 2.2 years.
NdPr production rises by 7% to 63,899 tonnes over the LOM, with operating costs reduced to US$6.74/kg TREO. Initial five-year costs drop to US$5.33/kg, positioning the project as one of the lowest-cost producers outside China. Supported by robust metallurgical performance, the Caldeira Project remains well-positioned to supply downstream industries. A pre-feasibility study is on track for completion in FY2025, with further exploration expected to extend resources beyond the initial 20 years, unlocking future growth potential.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
