Each one in plain English, with the numbers worked through for a shareholder.
29 Apr 2025quarterly activities report● Neutral
March quarter report: cash fell to A$23.8M from A$29.1M. Recaps the resource growth to 1.5Bt and says the PFS is nearing completion, due in the June 2025 quarter. No new results beyond earlier releases.
Maiden Barra do Pacu resource of 389Mt at 2,204ppm TREO, including 77Mt Indicated at 2,917ppm, takes the global Caldeira resource to 1.5Bt at 2,359ppm. It will go into the upcoming PFS. Follows the December 2024 drilling results.
Following China's 4 April export controls on some medium and heavy rare earths, Meteoric restates scoping study output of those elements and operating costs averaging US$5.33/kg over the first five years. No new results; says Barra do Pacu and Agostinho will feed the PFS.
March corporate presentation repeats the Caldeira case and the 12 March resource update. Snapshot shows A$0.08 share price, A$177M market value and A$29.1M cash at 31 December. No new information in the text shown.
Resource update for Dona Maria 1 & 2 and Cupim Vermelho Norte lifts the Caldeira global resource 50% to 1.1 billion tonnes at 2,413ppm TREO. Measured and Indicated rises 91% to 589Mt. Resolves the pending northern update; Barra do Pacu to follow.
Half-year to 31 December 2024: net loss A$16.8M (versus a A$3.6M profit a year earlier), cash A$29.1M (A$13.9M at June 2024) and net assets A$25.7M. Recaps the 740Mt resource and the scoping study; no new results in the text shown.
S&P Dow Jones index notice: Meteoric is removed from the S&P/ASX 300 effective 24 March 2025, as part of the quarterly rebalance. Not a company announcement; no change to operations or finances.
RIU Explorers Conference presentation repeats the Caldeira story. Snapshot shows A$0.08 share price, A$175M market value and A$29.1M cash at 31 December. No new information in the text shown.
February corporate presentation for Bell Potter event repeats the Caldeira case. Snapshot shows A$0.08 share price, A$180M market value and A$29.1M cash at 31 December. No new results in the text shown.
Aircore drilling at Agostinho, in the north of Caldeira, returned up to 19,183ppm TREO, with magnetic rare earths averaging 30.4% of the total versus the 23.1% resource average. Mineralisation averages 28.4m thick. Eight of 69 licences are now infill drilled.
December quarter report: cash A$29.1M, down from A$35.6M. Recaps the scoping study, Barra do Pacu results, new managing director and Palm Springs sale. PFS, now to include Barra do Pacu, is due in the second quarter of 2025, later than the earlier second-half FY2025 guidance.
Aircore drilling at Barra do Pacu, just south of the Capão do Mel starter pit, hit up to 7,998ppm TREO, with mineralisation averaging 27m thick. Not in the resource or the coming PFS mine plan; seen as upside for the later definitive study.
WIN Metals' announcement that it closed the Butchers Creek (formerly Palm Springs) purchase, confirming the same consideration. WIN cites a 357,000oz gold resource and calls Meteoric its new major shareholder. Adds no new terms for Meteoric.
21 Nov 2024asset acquisition disposition▲ GoodMajor
Sale of the Palm Springs gold project to WIN Metals completed. Meteoric received A$1M cash and A$1.75M of WIN shares (12-month escrow); A$1M is due after 18 months and A$1.25M at 20,000oz of gold. Resolves the pending sale; total up to A$5M.
November investor presentation on Caldeira. Snapshot shows A$0.10 share price, 2,299M shares, A$230M market value and A$35.6M cash at 30 September. Lists Gale as Managing Director and Holthouse as Project Technical Director. No new results in the text shown.
19 Nov 2024director officer appointment● NeutralMajor
CFO Stuart Gale, who joined in April 2024, is promoted to Managing Director and CEO on a A$450,000 salary, with performance rights tied to feasibility, funding and construction. Andy Thomson becomes CFO. Nick Holthouse stays to focus on Caldeira project delivery.
WIN Metals settled its A$3.6M placement at A$0.025 per share, meeting the A$3M raising condition for buying Palm Springs. Meteoric and WIN are still finalising the remaining conditions to close the sale. WIN's first drilling there is nearly complete.
September quarter report recaps the updated scoping study, the Figueira resource and the Palm Springs sale. Cash was A$35.6M at quarter end after raising A$30.9M. EIS permitting remains on target. No new results.
Caldeira chosen as a pilot project in Brazil's government-led climate investment platform, which aims to mobilise up to US$10.8B once investment decisions are made. Meteoric says it is the only mining project named, and talks with development bank BNDES have begun. No funding committed.
Scoping study updated to include Figueira high-grade tonnes: pre-tax NPV rises 14% to US$1,403M, IRR 40.4%, payback 2.2 years, and the mine schedule is now 100% Measured and Indicated. Spot-price IRR is 22%. PFS now due second half FY2025.
FY24 annual report, the first full year as a rare earths company. Recaps the 740Mt resource, 69 licences (up from 30) and the scoping study. Says further resource updates at Dona Maria and Cupim Vermelho Norte are expected late 2024.
Appendix 4G and corporate governance statement for the year to 30 June 2024, lodged with the annual report. Routine compliance filing with no new information.
September investor presentation repeats the Caldeira scoping study and resource case. Snapshot shows A$0.09 share price, 2,291M shares, A$206M market value and A$44M pro-forma cash. No new results.
29 Aug 2024capital raising announcement● NeutralMajor
The share purchase plan drew only A$420,046 of applications, so a further A$3M was placed to investors at the same A$0.11. Total new shares are about 31M. Pro-forma cash is about A$44M. Completes the 26 July raising.
28 Aug 2024asset acquisition disposition▲ GoodMajor
Conditional agreement to sell the Palm Springs gold project in WA to WIN Metals for up to A$5M: A$1M cash and A$1.75M in WIN shares at settlement, A$1M after 18 months, and A$1.25M at 20,000oz of production. Leaves Meteoric focused on Caldeira.
WIN Metals' side of the Palm Springs purchase, to be renamed Butchers Creek. Terms match Meteoric's release. WIN must raise at least A$3M within 75 days and get shareholder approval. Meteoric would become a major WIN shareholder. Adds no new terms.
Non-binding MOU with Ucore Rare Metals for offtake of at least 3,000t TREO a year of Caldeira mixed carbonate to its planned Louisiana plant. A binding agreement is still to be negotiated. This is Meteoric's second offtake MOU after Neo in May.
Share purchase plan opens, offering eligible shareholders A$500 to A$30,000 of shares at A$0.11 to raise about A$5M, closing 23 August. Administrative mailing of offer documents; no new information beyond the 26 July announcement.