Meteoric Resources Limited (ASX:MEI) | Caldeira Rare Earth Project Ore Reserve Grows 42% to 146Mt
In this episode of MarketOpen's Trading Titan podcast, we examine the latest announcement from Meteoric Resources Limited (ASX ticker: MEI) covering the updated Ore Reserve for its 100%-owned Caldeira Rare Earth Project in Brazil ahead of the Definitive Feasibility Study (DFS).
The announcement reports a 42% increase in the Probable Ore Reserve to 145.9 million tonnes, grading 3,546 parts per million Total Rare Earth Oxides (TREO) and 863 parts per million Magnetic Rare Earth Oxides (MREO). The updated Ore Reserve contains 517,000 tonnes of Total Rare Earth Oxides and 126,000 tonnes of Magnetic Rare Earth Oxides. Compared with the maiden Ore Reserve released in July 2025, Ore Reserve tonnage increased 42%, contained Total Rare Earth Oxides increased 24%, and the average TREO grade decreased 13%, which the company states reflects infill drilling that delivered greater certainty in the resource base.
This episode explains the updated Ore Reserve in plain English, outlines the key technical results, and discusses how the updated reserve supports more than 20 years of planned production at 6 million tonnes per annum. It also covers the company's stated progress across environmental, metallurgical and mining work, and how the updated Ore Reserve will be incorporated into the Definitive Feasibility Study.
Topics include the increase in the Ore Reserve, the contained Total Rare Earth Oxides and Magnetic Rare Earth Oxides, the Mineral Resources used for Ore Reserve conversion, and the company's stated next steps for the Definitive Feasibility Study.
The company states the updated Ore Reserve will be incorporated into the Definitive Feasibility Study to support an updated Mineral Reserve statement and increase certainty around other critical project parameters.
This episode is for information purposes only and does not constitute financial advice. Listeners should conduct their own research and consider their own financial circumstances before making any investment decision.