MEI 5.13% 18.5¢ meteoric resources nl

Ann: Remarkable REE Drill Results Outside Caldeira Resource, page-23

  1. 221 Posts.
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    Am I awake? Surely dreaming with those intercepts... And Greenfields too, what a result.

    Increased grades with the heavies is very interesting too.

    The good doctor sums it up quite nicely IMO - spot on:

    For the first time, we have also seen a strong enriched heavy magnet rare earth zone where we have increased grades of terbium and dysprosium up to 57ppm and 248ppm respectively. The elevated presence of these valuable elements, averaging 4-5 times above the current resource’s estimated head grade, will have a significant impact on the value of the MREC4basket price. This result underscores our belief that the Caldeira Project can provide the global economy with a viable alternative to China’s dominance of rare earth supply.
    Last edited by Samwise41: 31/08/23
 
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