Each one in plain English, with the numbers worked through for a shareholder.
2 May 2024material agreement▲ GoodMajor
Non-binding MOU with Neo Performance Materials for offtake of 3,000 tonnes TREO a year of Caldeira mixed carbonate, with first refusal on volumes above 6,000 tonnes a year. A binding agreement is still to be negotiated; production aimed for second half 2027.
25 Mar 2024director officer appointment▲ Good
Stuart Gale appointed Chief Financial Officer from 8 April 2024 at A$350,000 salary plus performance rights tied to resource, feasibility, funding and construction milestones. Former CEO of Resolute Mining and CFO of Mineral Resources' lithium division.
21 Mar 2024debt financing▲ GoodMajor
Meteoric received a non-binding Letter of Interest from the US Export-Import Bank for a potential facility of up to US$250M, for US-origin equipment, goods and services. Subject to EXIM board approval and due diligence; the final investment decision is targeted late 2025.
14 Mar 2024half year report● Neutral
Half-year to 31 December 2023: net profit A$3.58M (versus A$26.9M a year earlier), cash A$32.3M (A$17.3M at June 2023), net assets A$26.9M. Review of operations recaps known Caldeira drilling, metallurgy and scoping study progress; no new results.
1 Mar 2024other▲ Good
S&P Dow Jones index rebalance adds Meteoric to the S&P/ASX 300 and All Ordinaries indices, effective 18 March 2024. Index change only; no new company information or business development.
29 Feb 2024well test result▲ GoodMajor
ANSTO produced Caldeira's first saleable mixed rare earth carbonate (57.3% TREO, 98% purity) using the AMSUL wash at pH 4. Recoveries improved: Pr 74%, Nd 73%, Dy 50%, Tb 53%. Result comes from a 25kg sample; further optimisation continues.
14 Feb 2024investor presentation● Neutral
February conference presentation repeats the Caldeira case. Its snapshot shows A$0.195 share price on 1 February, A$328M market value and A$32M cash, against A$0.245 and A$480M in July. No new technical results in the text provided.
30 Jan 2024drilling result▲ GoodMajor
Diamond holes outside the 409Mt inferred resource hit thick clay mineralisation, led by 143m at 6,406ppm TREO in PIADD001 with elevated terbium and dysprosium (110ppm). Resource updates are due from Q2 2024; the environmental impact statement is due this year, with construction permits targeted late 2025.
3 Jan 2024price query● Neutral
Responding to an ASX price query after the share price rose from A$0.25 to A$0.29, Meteoric said it knows of no undisclosed information. It noted about A$4.6M received in December from option exercises. 18 diamond hole results are due the week of 22 January.
14 Dec 2023drilling result▲ GoodMajor
First results from the company's own aircore rig: 277 Soberbo holes include 17m at 6,686ppm TREO. Mineralisation averages 16.2m deep versus 9.3m in historic auger holes (77% deeper). A Soberbo resource re-estimate (currently 92Mt at 2,948ppm) follows once assays are in.
8 Dec 2023admin correction● Neutral
Re-release of the 7 December testwork announcement with added impurity removal disclosure and an updated JORC Table 1. Results otherwise appear unchanged from the original release.
7 Dec 2023well test result▲ Good
More ANSTO leach results across all six deposits: 48 composites above 4,000ppm TREO averaged 73% magnet rare earth extraction, with a best interval of 81% over 10.4m. This extends the September results of 79-88%. Remaining results are due December to January.
13 Nov 2023director officer appointment▲ Good
Peter Gundy appointed non-executive director and will chair the audit committee. He founded and led Neo Material Technologies, a rare earth processor. He adds downstream processing and sales experience to the board.
31 Oct 2023asset acquisition disposition▲ GoodMajor
Sale of the Juruena gold project to Keystone completed, with the US$17.5M (A$27.65M) balance received on the original US$20M terms. It reverses the April 2023 termination. Cash rises to about A$35M after ~A$0.55M costs, funding drilling, the scoping study and a pilot plant.
6 Oct 2023contract award▲ GoodMajor
Ausenco awarded the Caldeira scoping study, to Class 5 cost-estimate standard, due Q1 2024. It covers the three southern licences (Figueira, Capão do Mel, Soberbo) on the 409Mt inferred resource. A reserve update is expected Q3 2024.
28 Sept 2023annual report● Neutral
Annual report for year to 30 June 2023 describes the shift from gold explorer to owner of the Caldeira rare earths project. It repeats the 409Mt resource and drilling results. Financial figures are not visible in the text provided.
28 Sept 2023other● Neutral
Appendix 4G corporate governance checklist for the year to 30 June 2023, pointing to the governance statement on the website. Administrative filing with no new business information.
27 Sept 2023well test result▲ GoodMajor
First ANSTO leach results on nine cores across the six deposits show magnet rare earth extractions of 79-88% over thick intervals, e.g. 84% over 24.8m. This backs up the earlier 2019 testwork, with the precipitation phase due early 2024.
22 Sept 2023admin correction● Neutral
Registered office and principal place of business moved to Level 1, 35 Ventnor Street, West Perth. Phone number unchanged. Administrative notice only.
12 Sept 2023investor presentation● Neutral
September Melbourne Mining Club presentation repeats the Caldeira case. Its snapshot still shows the July share price, 1,940M shares and A$480M market value. No new information in the text provided.
31 Aug 2023drilling result▲ GoodMajor
Results from 22 diamond holes include 149.5m at 8,912ppm TREO in hole CVSDD001, outside the resource, the best intercept yet. A 52m zone averages 12,692ppm, with heavy magnet rare earths 4-5 times resource grade. A 60,000m aircore program has begun.
17 Aug 2023admin correction● Neutral
Clarifies the terms of the 11 August Minas Gerais agreement: non-binding, either party can end it on 30 days' notice. The Alger MoU only states an intention to agree a formal contract. No new financial terms.
11 Aug 2023material agreement▲ GoodMajor
Non-binding Cooperation Agreement with Minas Gerais state and Invest Minas gives Caldeira priority status and help with approvals. Alger is engaged for the environmental impact study. Agreed indicative timeline is 24 months to a Construction Licence.
24 July 2023drilling result▲ GoodMajor
Assays from 27 diamond holes show high-grade rare earths continue below the maiden resource, e.g. 31.2m at 3,769ppm and 58.3m at 2,449ppm. Mineralisation reaches 36m at Capão do Mel and 56m at Figueira, so a future resource could grow. Drilling now expanded to regional targets.
24 July 2023investor presentation● Neutral
July investor presentation repeats the Caldeira story. It cites 1,940M shares on issue, A$480M market value at A$0.245 (17 July close) and largest holder about 8.47%. No new results in the text provided.
10 July 2023farm in farm out agreement▲ GoodMajor
Binding option to acquire rare earth rights on 18 licences (20.5km2) west of Figueira, lifting total area to 193km2. Pays US$200k for 120-day exclusivity, then a three-year option, and US$1.5M if it acquires the rights.
27 June 2023flow test result● Neutral
ANSTO has started metallurgical testwork on Caldeira, building on the 2019 results (58% Pr+Nd, 43% Tb+Dy recovery). Core from Capão do Mel and Soberbo ships in early July. No new recovery results yet.
8 May 2023drilling progress report▲ Good
Eight of 11 new diamond holes found clay extending well below the old shallow auger holes, the deepest from 14m to 54m. Company bought its own drill rig for a 100,000m aircore program; assays still pending. Suggests resource could grow at depth.
4 May 2023investor presentation● Neutral
May investor presentation repeats the Caldeira case, including the 409Mt at 2,626ppm resource and cash of about A$18.5M at 31 March. No new information in the text provided.
1 May 2023resource reserve update▲ GoodMajor
Maiden Caldeira resource of 409Mt at 2,626ppm total rare earth oxide (1,000ppm cut-off), all Inferred, with 24% magnet rare earths. Drawn from shallow holes averaging 6.9m, so open at depth. Fulfils the late-April target; 100,000m drilling to start mid-year.
