Wall Street Wizardry
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Wall Street Wizardry

Investing

High Grade discoveries with enriched MREOs at Agostinho highlight Caldeira’s scale

by admin February 5, 2025
February 5, 2025
High Grade discoveries with enriched MREOs at Agostinho highlight Caldeira’s scale

Meteoric Resources NL (ASX: MEI) (Meteoric or the Company) is pleased to provide an update on recent drilling completed at the Agostinho Prospect (Figure 1), located in the north of its 100%-owned Caldeira Rare Earth Ionic Clay Project (Caldeira Project or Project), in the state of Minas Gerais, Brazil.

Highlights

  • Exceptional ionic clay intercepts up to 19,183ppm Total Rare Earth Oxides (TREO)
  • Enriched Magnetic Rare Earth Oxide (MREO) up to 6,691ppm
  • MREO peak zones up to 38% with an average of 30.4%, an increase of 7.4% compared to the Global Resource average.
  • Elevated Heavy Magnetic Rare Earths (HREO) up to 2% of TREO
  • Drilled 3,301m for 116 holes with outstanding intercepts:
  • AGOAC0107 – 24m @ 6,918ppm TREO [0m] with 27% MREO
    • including 6m @ 19,183ppm TREO [2m] with 34.9% MREO
      • AGOAC0110 – 22m @ 4,422ppm TREO [0m] with 27.7% MREO
    • including 10m @ 7,831ppm TREO [0m] with 35.6% MREO
      • AGOAC0079 – 28m @ 3,183ppm TREO [0m] with 26.9% MREO
    • including 8m @ 7,462ppm TREO [0m] with 37.6% MREO
      • AGOAC0098 – 28m @ 5,315ppm TREO [0m] with 27.4% MREO
      • AGOAC0070 – 22m @ 4,890ppm TREO [0m] with 27% MREO
      • AGOAC0092 – 22m @ 4,323ppm TREO [0m] with 27.2% MREO
  • Mineralisation averages 28.4m thickness from surface over of the entire License

Meteoric’s Chairman, Andrew Tunks said:“The exploration and drilling teams continue to identify additional high-grade areas across the Caldeira Project. These remarkable results confirm the extensive nature of mineralisation outside the current resource base. Further it highlights that there is considerable opportunity for Meteoric to target enriched zones of magnetic rare earths and heavy rare earths using our extensive database of project wide sampling which is unmatched inside the Caldera.

It’s important to remember that we have still only infill drilled eight of the 69 licenses available at the Project and continued identification of high-grade mineralisation creates greater optionality for the potential expansion of the Project, at the right time, to support the sustainable supply of rare earth materials to the western world.”


Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Is Now a Good Time to Invest in Copper? Experts Tout Bullish Fundamentals
next post
Types of Iron Ore: Hematite vs. Magnetite

Related Posts

Crypto Market Recap: Bitcoin Breaks US$100,000 as ETF...

May 10, 2025

Harmony Gold to Acquire MAC Copper in US$1.03...

June 2, 2025

CEO Appointment

May 19, 2025

Stock Markets Plunge as Trump’s New Tariffs Shake...

March 6, 2025

Crypto Market Recap: House Democrats to Launch Meme...

March 2, 2025

Van Eck Opposes Equinox Gold’s US$1.8 Billion Takeover...

March 20, 2025

Appendix 4D and Half Yearly Accounts

February 27, 2025

Experts: Battery and Precious Metals Emerging as New...

February 24, 2025

Investing in Gold Royalty and Streaming Stocks

February 25, 2025

Opawica Explorations Announces Non-Brokered Private Placement for Aggregate...

March 15, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 2

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 3

      US security contractor will take charge of key checkpoint in Gaza as Israeli forces withdraw

      January 25, 2025
    • 4

      Trump re-designates Iranian-backed Houthis as terrorists: ‘Threaten[s] security of American civilians’

      January 23, 2025
    • 5

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 6

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • 7

      Universal’s ‘Wicked: For Good’ creates a unique marketing challenge

      January 26, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: wallstreetwizardry.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 wallstreetwizardry.com | All Rights Reserved