Meteoric Resources NL (ASX:MEI) is a Perth based rare earth company that is progressing its flagship Caldeira Project in Minas Gerais, Brazil and aims to become Brazil’s next rare earth producer. The Caldeira Project is a true Ionic adsorbed Clay (IAC) deposit with above industry TREO grades and excellent metallurgical recoveries using a standard Ammonium Sulphate (AMSUL) wash flowsheet. These grade and recovery characteristics allow a simple flowsheet to be developed to produce a Mixed Rare Earth Carbonate (MREC) with an anticipated low capital and operating costs. Meteoric aims to become a significant volume, low-cost producer and is committed to supporting and integrating into western supply chain opportunities.
Meteoric Resources Nl
ASX:MEI ISIN:AU000000MEI3
News
Meteoric Resources NL (ASX:MEI) has reached agreement in principle with Black Ridge Mining NL (ASX:BRD) on Meteoric's 100%-owned exploration licence (E57/760) situated adjacent to Black Ridge's Unaly Hill magnetite-vanadium-titanium project south of Sandstone, WA. Black Ridge has reported significant grades of magnetite, vanadium and titanium in drill intersections on its Unaly Hill project. The Unaly Hill mineralisation occurs within magnetite lenses in layered metagabbros of the Atley Igneous Complex some 30km east of the Windimurra Igneous Complex where similar mineralisation is known to occur. Preliminary Davis Tube Recovery test work by Black Ridge has produced encouraging grades of Fe, V2O5 and TiO2.
Meteoric Resources NL (ASX:MEI) Quarterly Activities Report For Period Ending 31 March 2010
ABN Newswire stocks to watch today include: Iron Road Limited (ASX:IRD), Meteoric Resources (ASX:MEI), Cougar Energy Limited (ASX:CXY), Magnetic Resources (ASX:MAU), ABM Resources NL (ASX:ABU), AusTex Oil Limited (ASX:AOK), and Victory West Moly Limited (ASX:VWM).
As part of Meteoric Resources' (ASX:MEI) ongoing assessment of iron oxide-copper-gold (IOCG) targets in the Webb area of the West Arunta region of WA, Meteoric is preparing to carry out detailed airborne magnetic surveys on several of these target areas. The aeromagnetic surveys, which are subject to permitting processes normal for aboriginal reserves, together with gravity surveys, will be used to define drilling targets on several IOCG prospects.
Meteoric Resources NL (ASX:MEI) is pleased to provide a Quarterly Activities Report for the period ended 31 December 2009.
ABN Newswire stocks to watch today include: Benitec Limited (ASX:BLT)(PINK:BNIKF), Meteoric Resources NL (ASX:MEI), Magnetic Resources NL (ASX:MAU) and Australian Bauxite Limited (ASX:ABZ).
Meteoric Resources NL (ASX:MEI) announce, following the grant of its main (northern) exploration licence at Webb in the West Arunta region of WA, Meteoric Resources has carried out geochemical sampling, RAB drilling and gravity surveys on its 100%-owned tenement and on nearby tenements where Meteoric may earn up to a 70% interest.
Meteoric Resources NL (ASX:MEI) is pleased to present its September 2009 quarterly activities report.
Analysis of geochemical samples from tenements held by the Meteoric Resources NL (ASX:MEI) - Beadell Resources (ASX:BDR) joint venture (MEI ASX release of 31 August 2009) has identified a potentially significant 7km-long gold anomaly in the southern part of Meteoric's Webb project in the west Arunta region of WA.
The directors of Meteoric Resources NL (ASX:MEI) are pleased to announce that the Company has reached an agreement with Indian Ocean Capital to place 9,310,000 fully paid shares at an issue price of A$0.20 per fully paid share. The placement is pursuant to the approval given by shareholders at the General Meeting held on 17 July 2009.
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