Meteoric Resources Nl · ASX:MEI
Meteoric Resources Nl — Meteoric Resources — CMI Summit Conference (May 2025)
17 slides from Meteoric Resources Nl's conference presentation, May 15, 2025
Slide 1: The Caldeira Project
For personal use only ASX: MEI THE CALDEIRA PROJECT Building the World’s most sustainable producer of rare earths
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 (13/05/25 Close) A$0.094 Shares on Issue 2,336M Market Capitalisation A$220M Cash (31/03/2025) A$23.8M Trading volume (3-month Avg.) 8.8M BOARD AND MANAGEMENT Executive Chairman Dr Andrew Tunks Executive Director Dr Marcelo
Slide 4: Caldeira Project
CALDEIRA PROJECT A near term sustainable asset supporting strategic and electrification developments Global NdPr supply will need to increase by ~80% or For personal use only at least 50kt in the next decade to meet demand1 Where will the supply to meet this demand come from? A NEW BRAZILIAN RARE EA
Slide 5: Caldeira Project
CALDEIRA PROJECT Low cost, multi target resource with significant growth optionality and strong government support • World class resource: For personal use only • High grade with high recoveries • Low capital development costs • Low operating costs • Resource of 1.5 billion tonnes @ 2,359ppm • 666Mt
Slide 6: A Global Leader in Scale and Quality
A GLOBAL LEADER IN SCALE AND QUALITY Rapid resource growth makes Caldeira a world-class project with significant upside 3,500 3,500 TREO Grade (ppm) TREO Grade (ppm) For personal use only 3,000 3,000 PCH Caldeira 2,500 Colossus 2,500 PCH Caldeira Penco Module Penco Module Colossus 2,000 2,000 1,500
Slide 7: Caldeira Provides Solution to Supply Uncertainty
CALDEIRA PROVIDES SOLUTION TO SUPPLY UNCERTAINTY Critical minerals with strategic geopolitical importance and a market controlled by China • On 4 April 2025, China’s Ministry of Rare Earth Oxide annual production estimates – Oct 2024 Scoping Study Commerce and General Administration For personal use
Slide 8: Barra do Pacu (BDP) – Extension
BARRA DO PACU (BDP) – EXTENSION High-grade 32Mt @ 4,130ppm TREO in maiden MRE of 389Mt @ 2,204ppm with 77Mt Indicated @ 2,917ppm 1A 1B For personal use only Figure 1A a plan view highlighting the grade distribution in the block model and the approximate location of infrastructure and planned open pi
Slide 9: World-Class Physicals and Financials
1 WORLD-CLASS PHYSICALS AND FINANCIALS Industry leading project of scale and simplicity with expansion potential Life of Mine (Scoping Study Oct 2024) Unit Value For personal use only Exceptional performance driven by a high-grade Life of Mine Years 20 feed strategy prioritising +4,000ppm TREO Plant
Slide 10: Simple Process Flowsheet
SIMPLE PROCESS FLOWSHEET Ionic clay metallurgy produces a refined mixed rare earth carbonate product at a low cost and energy intensity 1 Free dig, no drill and blast with low strip ratio 0.21 LOM 4 Proven process flowsheet and technologies For personal use only Low acidity pH 4.5 - 5, with 30 min l
Slide 11: Capital Costs, Funding and Offtake
CAPITAL COSTS, FUNDING AND OFFTAKE Low capital intensity and operating costs make Caldeira a financially robust project Funding For personal use only • Continued government support in the form of debt and grant DEBT OFFTAKE OFFTAKE • BNDES ramping up support for the Strategic Minerals sector FUNDING
Slide 12: Project Workstreams
PROJECT WORKSTREAMS Rapid progress being made across critical workstreams with leading industry partners For personal use only Environmental Approvals • EIS report lodged and review underway • On track for Q2 2026 construction permit delivery • Public Hearing Caldas successfully held Engineering / P
Slide 13: Future Expansion Potential
FUTURE EXPANSION POTENTIAL Scope for a Northern operating hub to materially increase longer-term production For personal use only Stage 2: Northern processing facility • Dona Maria 1 and 2, CVM and Agostinho • Resources to be updated for recent drilling • Define key target areas Stage 1: 5Mtpa proce
Slide 14: Caldeira Project
CALDEIRA PROJECT The world’s most attractive scalable rare earth development project HIGH GRADE RESOURCE LOW OPERATING COST LOW CAPITAL INTENSITY For personal use only EXCELLENT FINANCIAL METRICS SCALE OPTIONALITY 14
Slide 15: Contact
For personal use only CONTACT 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
Slide 16: Appendix A: Caldeira Mineral Resource Estimate
APPENDIX A Caldeira Mineral Resource Estimate (15 April 2025) Licence JORC Category Material Type Tonnes Mt TREO ppm Pr6O11 ppm Nd2O3 ppm Tb4O7 ppm Dy2O3 ppm MREO ppm MREO/TREO Capão do Mel Measured Clay 11 3,888 222 586 6 28 842 21.7% For personal use only Cupim Vermelho Norte Measured Clay 26 2,60
Slide 17: Appendix B: Peer Comparison Reference Data
APPENDIX B Peer Comparison Reference Data Source data for (Bubble Plot), showing IAC Deposits with reported Measured + Indicated + Inferred Source data for Figure 4 (Bubble Plot), showing IAC Deposits with reported Measured + Indicated Resources (Mt) x TREO Grade (ppm). Resources (Mt) x TREO Grade (
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