Media And Income Share Discussion Threads

[stu31] 16/3/2025 21:11

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Market Call: Rick Rule's market outlook on natural resource stocks

[stu31] 26/1/2025 22:47

Meteoric Resources Tells JustStocks Video About Strong New Drill Results At Caldeira REE Project

[stu31] 26/1/2025 22:42

Exceptional drill results adjacent to the Capão do Mel Starter Pit

Meteoric Resources NL (ASX: MEI) (Meteoric or the Company) is pleased to provide an update on a drilling program undertaken at the Barra do Pacu license (Figure 1) on its 100%-owned Caldeira Rare Earth Ionic Clay Project, (the Caldeira Project or the Project) in the state of Minas Gerais, Brazil.
Highlights
• Exceptional ionic clay REE grades (up to 8,000ppm TREO material) immediately south of the Capão do Mel starter pit and proposed REE extraction plant
• Drilled 6,538m for 224 holes with outstanding intercepts including:
▪ BDPAC0171 - 37m @ 7,998ppm TREO [0m]
▪ BDPAC0178 - 34m @ 6,862ppm TREO [0m]
▪ BDPAC0164 - 31m @ 5,791ppm TREO [0m]
▪ BDPAC0001 - 37m @ 5,591ppm TREO [0m]
▪ BDPAC0169 - 38m @ 4,981ppm TREO [0m]
▪ BDPAC0111 - 46m @ 4,920ppm TREO [0m]
▪ BDPAC0010 - 48m @ 4,858ppm TREO [2m]
▪ BDPAC0009 - 45m @ 4,682ppm TREO [0m]
▪ BDPAC0007 - 50m @ 4,540ppm TREO [0m]
• Mineralisation averages 27m thickness over of the entire License (2km by 4km) from surface
• Supports expanded low-cost mining and processing operations at grades >4,000ppm TREO for at least 10 years
• Provides greater optionality for future project expansion
Meteoric’s Managing Director, Stuart Gale, said: “The exploration and drilling teams continue to identify additional high-grade areas across the Caldeira Project. This work supports our capacity to feed highgrade ore in excess of 4,000ppm TREO to the processing facility for significantly longer periods, further enhancing the economics of the Caldeira Project.
It’s important to remember that we have still only infill drilled seven 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.”


Barra do Pacu Aircore follow-up drilling program
An Aircore (AC) drilling campaign of 6,538m (224 holes) was completed over Barra do Pacu (BDP) in August and October of 2024 (Appendix 1 & Figures 1 & 2). The program was designed to follow up excellent results in discovery hole BDPDD0002 (31m @ 5,727ppm TREO [0m]), and test for extensions of high-grade REE mineralisation to the south of the proposed Capão do Mel (CDM) starter Pit, delineated in the Scoping Study and Preliminary Environmental Application (Figure 2).
Drill spacing was 100m x 100m immediately south of the CDM starter pit and around discovery hole BDPDD002, stepping out to 400m x 400m away from known mineralisation to ensure total coverage of the license.


The Clay Zone at Barra do Pacu, which is the target of economic mineralisation across the Caldeira, averages 27m depth and is mineralised from the surface. All holes intersected mineralisation >1,000ppm TREO with an average grade and thicknesses across the deposit of 26.2m @ 2,867ppm TREO (Appendix 2). Best results include:
• BDPAC0171 - 37m @ 7,998ppm TREO [0m]
• BDPAC0178 - 34m @ 6,862ppm TREO [0m]
• BDPAC0172 - 29m @ 6,484ppm TREO [0m]
• BDPAC0139 - 11m @ 6,181ppm TREO [0m]
• BDPAC0164 - 31m @ 5,791ppm TREO [0m]
• BDPAC0001 - 37m @ 5,591ppm TREO [0m]
• BDPAC0175 - 21m @ 5,450ppm TREO [0m]
• BDPAC0166 - 20m @ 5,202ppm TREO [0m]
• BDPAC0061 - 12m @ 5,024ppm TREO [0m]

• BDPAC0169 - 38m @ 4,981ppm TREO [0m]
• BDPAC0111 - 46m @ 4,920ppm TREO [0m]
• BDPAC0010 - 48m @ 4,858ppm TREO [2m]
• BDPAC0130 - 20m @ 4,722ppm TREO [0m]
• BDPAC0009 - 45m @ 4,682ppm TREO [0m]
• BDPAC0019 - 12m @ 4,631ppm TREO [4m]
• BDPAC0025 - 27m @ 4,628ppm TREO [0m]
• BDPAC0176 - 40m @ 4,585ppm TREO [0m]
• BDPAC0081 - 25m @ 4,580ppm TREO [0m]
• BDPAC0007 - 50m @ 4,540ppm TREO [0m]
• BDPAC0021 - 25m @ 4,500ppm TREO [0m]

The 100m x 100m drill mesh in the north of BDP confirms that high-grade mineralisation from the CDM Starter Pit extends immediately south into BDP. Encouragingly, results from the northern area adjacent to the CDM starter pit confirm a significant area of high-grade mineralisation (>4,000ppm TREO)
contiguous with the CDM Starter Pit. This provides additional flexibility and supports the current strategy to maintain head grades >4,000ppm TREO for greater than 10 years from initial production, subsequent to requisite mining and environmental approvals in the future.
The BDP discovery will not be included in the mine plan for the upcoming Pre-Feasibility Study and represents further upside which could be captured in the Caldeira Project Definitive Feasibility Study.


The Caldeira Project
At a 1,000 ppm TREO cut-off grade, the overall Caldeira Project Mineral Resource Estimate (MRE) currently sits at 740Mt at 2,572ppm TREO, including MREO grades of 595ppm which comprise 23.1% of the TREO basket. Measured and Indicated Resources make up 308Mt at 2,864ppm TREO and 629ppm MREO, for a MREO/TREO ratio of 22.0% (refer to Table 1). The MRE does not currently include the drilling results from BDP or from the program in the Northern areas.

[stu31] 01/10/2024 23:26

2024 Rule Symposium Preview - Meteoric Resources

[stu31] 01/10/2024 23:15

2024 | Meteoric Resources | Nick Holthouse | Diggers & Dealers

[stu31] 01/10/2024 22:57

VanEck Rare Earth and Strategic Metals ETF


Nd neodymium
Pr praseodymium

2291m shares in issue (9/24). 2447m FD. Market Cap A$229m (£121m) at 10c
Cash A$44m (7/24)


website:

Meteoric has completed the acquisition of the Caldeira Project, a Tier 1 Ionic Clay Rare Earth Element (REE) project in the Minas Gerais State of Brazil, following the signing of a definitive agreement with Togni Group of Companies in March 2023.
Meteoric has reported its Resource Estimate for Caldeira which stands at 170Mt at 2,766ppm TREO at a 1,000ppm cut-off grade.

The Caldeira Project comprises 51 licences (23 Mining Licences and 21 Mining Licence Applications) and has previously had significant exploration conducted including 1,311 shallow auger drill holes for 13,037m. Drilling across six licences returned ultra-high-grade Total Rare Earth Oxide (TREO) intersections all of which are reported from surface.

Meteoric will commence a 100,000m air core and diamond drilling program in mid 2023 to increase confidence in the resource estimate, with Scoping/Prefeasibility studies to commence in Q4 2023.

At Caldeira, REE mineralisation commences from surface. The average drill depth used in the MRE is 6.9m and 85% of all holes finish in TREO grades above 1,000 ppm – the Caldeira deposit remains completely open at depth.

The TREO identified across the Caldeira Project represents an enriched HREO basket with strongly enriched Magnet REOs – Tb2O3, Dy2O3, Nd2O3 and Pr2O3 – averaging greater than 22% of TREO.

The Scoping Study results for the Caldeira Project in Minas Gerais, Brazil, conducted by leading Australian Engineering Group Ausenco, confirms the potential for the world’s lowest-cost source of rare earths with outstanding financial metrics. The Australian Nuclear Science & Technology Organisation improved on previous test work, producing the first saleable MREC product from the Caldeira Project, which is low in impurities and has significantly improved metallurgical recoveries.

The Scoping Study highlights that simple mining and processing can deliver a new benchmark in operating costs and capital intensity. The project boasts an operating C1 cash cost (Opex) of US$7.00/kg of recovered Total Rare Earth Oxides (TREO) in a Mixed Rare Earths Carbonate (MREC) over a 20-year mine life, with an average Opex of US$5.50/kg of TREO over the first five years. High Rare Earth Oxides (REO) grades, averaging 4,500ppm TREO in the first five years and over 3,500ppm Life of Mine (LOM), contribute to this low cost. Additional highlights include a low mining strip ratio, simple and low-cost Ammonium Sulfate processing wash, and annualised production of 11.0kt TREO over the first five years.

The compelling financial outcomes of the Caldeira Project provide resilience to the cyclicality of commodity pricing. Project economics based on a 20-year mine life with Adamas pricing forecasts (discounted by 40%) highlight the robust nature of the project, delivering a pre-tax NPV8% of US$1,235M, a pre-tax IRR of 38%, and a pre-tax payback period of 2.2 years. With significant upside potential from further exploration and process optimisation, the project also features industry-leading sustainability credentials, including dry stack tailings backfill, a very low carbon footprint, and access to 100% renewable grid power. The Pre-Feasibility Study is underway, with completion scheduled for December 2024.

Rare Earth Elements are a suite of 17 metallic elements used in many modern technologies including Electric Vehicle Motors, Permanent Magnets, Wind Turbine Generators and Smart Phones.
China accounts for 57% of the global mined production and 85% of refined production of Rare Earths Oxides 1 (Outlook for Selected Critical Minerals Australia 2021, Department of Industry, Science, Energy and Resources)

Governments have listed Rare Earths as critical minerals including Australia, US, EU, Canada and the UK for their strategic and economic importance the transition to renewable energy.

Meteoric Resources Tells JustStocks Video About Strong New Drill Results At Caldeira REE Project

[poolewe] 25/7/2002 00:56

Martin Gilbert has described investors in split-capital funds as naive.
No-one could have lost more than him(£20million and still counting!)he has offered in rather pathetic defence of both his own asset management skills and that of £7million salary over two years Fishwick.

[poolewe] 12/7/2002 16:15

After todays falls I suspect it will be the receivers next.

[poolewe] 11/7/2002 22:23

Despite much analysis of how this trust(and splits in general)worked it is now evident that Fishwick,Gilbert and other directors were never up to the job.
Irrespective of markets in general it is becoming evident that it is Aberdeen itself which has failed miserably to properly manage these funds.
This has been obvious for a long time as dialogue over on ADN thread would seem to support.
Aberdeen's mauling before the Treasury Select Committee was predictable.

[bumpy dog [new]] 10/7/2002 23:25

Maybe not such a good gamble...

"security has been temporarily suspended from trading on the London
Stock Exchange from 10/07/2002 9:15am at the request of the company pending
clarification of the company's financial position."

[novision] 04/7/2002 12:09

But you can still buy 'em for 2p - must be a bargain (not!)- sympathies to any holders.

[redsonning] 18/6/2002 19:17

The trust finally appears to have reached the point where the only party currently having any concern in the affairs is the bank! All classes of share, including Zeros (MEDZ) are now being quoted at zero net asset value.
This gives a new, albeit unintended meaning, to the term "Zeros" !!!

[novision] 23/5/2002 07:49

Leader board again. But the bid ain't moving .... and that's what counts.

[bsg] 23/5/2002 07:28

Why are the going up ?

[bpoole] 22/5/2002 13:48

Why are people buying these shares for 2.5p when they know they
will never get more than .5p?

[bsg] 01/5/2002 18:31

Still looking grim.

[novision] 25/3/2002 11:30

be patient.
look before you leap.
only invest money you can afford to lose.

[rk23] 24/3/2002 23:13

Hi guys any thoughts for this week?

[redsonning] 22/3/2002 12:23

bsg - I see we discussed some time ago (see numbers 36 and 37 above)

Q) What are the three types of shares in this fund, i.e what are zps - thanks.

A) The zero preference shares (zps) have capital entitlement and predetermined growth (if enough assets are there) but receive no income.
The income shares receive dividends as detailed in the original listing.
The Ords get dividends and the capital growth if there is any after all other classes of share have been paid their prior entitlements on wind-up of the trust.

Basically each class of share has it's various entitlements and characteristics as described above, and this is the very essence of splits, in that the different classes have different rights. The zeros have a predetermined (theoretical) rate of asset accrual, but of course real assets have to be there at wind up to pay them off. If there are assets left over after paying the zeros, then the income shares get the next slice. After them come the Ords. At present there is under 30p per zero available in real assets, so even the zeros are well off getting their money back. The Incs are out of the money, as of course are the Ords.

The trust can't pay dividends because it has breached it's bank covenants and fails the companies act test section 265 which requires it to have assets 50% higher than liabilities.

Hope this helps a bit - if you want to understand it further ring up the AITC (Association of Investment Trust Companies) and ask them to send you some of their free blurb on splits.

[bsg] 22/3/2002 08:18

Thanks very much redsonning.