Meteoric Resources Nl · ASX:MEI
Meteoric Resources Nl — Meteoric Resources — Investor Presentation (February 2025)
16 slides from Meteoric Resources Nl's investor presentation, Feb 13, 2025
Slide 1: Caldeira - The World's Highest Grade Ionic Adsorption Clay REE Deposit
For personal use only ASX:MEI METEORIC Caldeira - The World’s Highest Grade Ionic Adsorption Clay REE Deposit FEBRUARY 2025
Slide 2: Disclaimer
DISCLAIMER These materials prepared by Meteoric Resources NL (“Meteoric” or the “Company”) include forward looking statements. Forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “cont
Slide 3: Company Overview - MEI Snapshot
COMPANY OVERVIEW MEI SNAPSHOT ASX Code MEI For personal use only Share Price (12/02/25 Close) A$0.08 Shares on Issue 2.3B Market Capitalisation A$180M Cash (31/12/2024) A$29.1M Trading volume (3-month Avg.) 4.1M BOARD AND MANAGEMENT Executive Chairman Dr Andrew Tunks Executive Director Dr Marcelo de
Slide 4: The Caldeira Project
THE CALDEIRA PROJECT Low cost, multi target with significant growth optionality and government support • World class resource: • High grade with high recoveries For personal use only • Low capital development cost • Operating costs in lowest quartile • 740Mt @ 2,572ppm TREO with additional resource
Slide 5: Exploration - Barra do Pacu
EXPLORATION - BARRA DO PACU Supports expanded low-cost, high grade operations for > 10 years near processing facility Drilled 6,538m for 224 holes with outstanding intercepts including (ASX 12/12/24): For personal use only ▪ BDPAC0171 - 37m @ 7,998ppm TREO [0m] ▪ BDPAC0178 - 34m @ 6,862ppm TREO [0m]
Slide 6: Barra do Pacu – Mineralised Intercepts
BARRA DO PACU – MINERALISED INTERCEPTS Near mine high grade >4,000ppm TREO extensions identified For personal use only • ~8,000ppm TREO material (ASX 12/12/24) • Immediately adjacent to Starter Pit • Near processing facility (green highlights) • Extension requires environmental approval • All holes
Slide 7: Agostinho Drilling Update
AGOSTINHO DRILLING UPDATE Identifying scale and grade which supports a Northern expansion Drilled 3,301m for 116 holes with outstanding intercepts (ASX 5/2/25): For personal use only • AGOAC0107 - 24m @ 6,918ppm TREO [0m] o 6m @ 19,183ppm TREO [2m] with 34.9% MREO • AGOAC0110 - 22m @ 4,422ppm TREO [
Slide 8: World-Class Project Physicals
WORLD-CLASS PROJECT PHYSICALS Industry-leading project of scale, expansion potential with sustainable low operating costs Payback 2.2 Life of Mine (ASX 22/10/2024) Unit Value NPV8 $1.4bn IRR 40% years For personal use only Life of Mine Years 20 Pre-tax at Based on Even under Plant Nameplate Capacity
Slide 9: Simple Process Flowsheet
SIMPLE PROCESS FLOWSHEET Caldeira’s ionic clay metallurgy allows Meteoric to produce a refined mixed rare earth carbonate product at a low cost and energy intensity For personal use only Key advantages Process Flowsheet Recycling Low acidity, short cycle, process driven by ionic 01 clay metallurgy w
Slide 10: Metallurgy and Processing
METALLURGY AND PROCESSING Simple, low-cost and the capacity to achieve high recoveries with minimal environmental impact • Produces a mixed rare earth carbonate (MREC) For personal use only product recovering 73% of highly valuable MREO* • Metallurgical test work by ANSTO deliver outstanding recover
Slide 11: Lowest Quartile of Industry Cost Curve
LOWEST QUARTILE OF INDUSTRY COST CURVE Ensures competitiveness through the commodities cycle Cost Metrics Unit Years 1-5 Average LOM Average Low operating cost: Annual C1 opex US$M 61 65 For personal use only • Free dig material Annual C1 opex US$/kg TREO 5.33 6.74 Annual AISC US$/kg TREO 7.00 9.00
Slide 12: Capital Costs, Funding and Offtake
CAPITAL COSTS, FUNDING AND OFFTAKE Low capital intensity and operating costs make Caldeira a highly financeable project in all market conditions (ASX 22/10/24) Capex Description Cost (US$M) For personal use only • Capital costs for the base case 5Mtpa estimated at US$297M Equipment 103 • Class 5 est
Slide 13: Expansion Optionality
EXPANSION OPTIONALITY Developing potential expansion to the Northern: For personal use only Stage 1: 5Mtpa processing facility • Significant resource across CDM, Soberbo and Figueira • BdP resource update pending • PFS to incorporate all information on the Southern tenements Stage 2: North • DM 1+2,
Slide 14: The Caldeira Project
The Caldeira Project The world’s most attractive rare earth development project and an industry disruptor High grade resource For personal use only Low operating cost Low capital intensity Excellent financial metrics Strong Government support Scale Optionality BELL POTTER UNEARTHED | FEBRUARY 2025 1
Slide 15: Contact Us
For personal use only CONTACT US Meteoric Resources ABN 64 107 985 651 W www.meteoric.com.au A Level 1, 35 Ventnor Avenue, West Perth WA 6005 Dr Andrew Tunks - Executive Chairman T +61 400 205 555 E ajtunks@meteoric.com.au Stuart Gale – Managing Director T +61 437 900 175 E sgale@meteoric.com.au ASX
Slide 16: For personal use only
For personal use only BELL POTTER UNEARTHED | FEBRUARY 2025 16
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