Managing Director, Jim Malone commented, "We are delighted that our second license at the Caldera Project has now been granted which allows us to commence a second exploration program at this highly prospective REE region.
This license sits inside the highly prospective Poços de Caldas Alkaline Complex in Minas Gerais and abuts Meteoric Resources’ IAC REE areas where we aim to replicate their exploration success. We are sending a second drill rig to run this program that will commence early April 2024 and demonstrates our plan to aggressively explore our strategically acquired projects in Brazil.
We look forward to keeping shareholders updated with results from the two running programs at our Caldera Project and additional forthcoming exploration plans.”
Interesting next door to MEI.
With 2 programs running now, probably increases chances of imitating MEI?
High risk, high reward probably.
We shall see.
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