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The latest update is out from Meteoric Resources NL ( (AU:MEI) ).
Meteoric Resources NL has announced successful results from continuous piloting test work conducted by ANSTO on its Caldeira Rare Earth Ionic Clay Project in Brazil. The tests confirmed excellent recoveries of rare earth elements, with magnet rare earth recoveries consistently at 70% and high-quality MREC produced with 60% total rare earth oxide recoveries. The successful piloting de-risks the project by validating the process flowsheet and confirming efficient waste handling, paving the way for the construction of a Brazilian pilot plant. This progress enhances confidence in the project’s development and supports ongoing discussions with potential offtake partners.
The most recent analyst rating on (AU:MEI) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Meteoric Resources NL stock, see the AU:MEI Stock Forecast page.
More about Meteoric Resources NL
Meteoric Resources NL is a company operating in the mining industry, focusing on the exploration and development of rare earth elements. Its primary project is the Caldeira Rare Earth Ionic Clay Project located in Minas Gerais, Brazil, where it aims to produce high-quality Mixed Rare Earth Carbonate (MREC) for potential customers and strategic partners.
Average Trading Volume: 8,450,249
Technical Sentiment Signal: Buy
Current Market Cap: A$330.1M
See more insights into MEI stock on TipRanks’ Stock Analysis page.