Meteoric Resources Reports 246% Increase in Rare Earth Resources at Brazilian Project

Published: Jul 20, 2026 17:54

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Australian explorer Meteoric Resources revealed that its Caldeira rare earth project in Minas Gerais, Brazil, achieved a 246% increase in measured resources following infill drilling at the Capão do Mel, Figueira, and Soberbo zones. This drilling program proved highly effective, increasing the measured resources at these deposits from 11 million mt to 102 million mt, and also boosted the company's confidence in the upcoming feasibility study. Currently, the measured resources at these three deposits have been defined and are all incorporated into the relevant studies. In addition, infill drilling at Barra do Pacu is still advancing and will provide further information for the resource estimate.

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