Meteoric Resources Nl · ASX:MEI
Meteoric Resources Nl — Meteoric Resources — Macquarie WA Forum (November 2025)
15 slides from Meteoric Resources Nl's conference presentation, Nov 6, 2025
Slide 1: Caldeira Project - Macquarie WA Forum
For personal use only ASX: MEI CALDEIRA PROJECT - Macquarie WA Forum A globally strategic, long-life rare earths project with significant growth potential
Slide 2: Disclaimer
DISCLAIMER These materials prepared by Meteoric Resources NL (“Meteoric” or the “Company”) include The information in this announcement that relates to Mineral Resource Estimates at the Cupim forward looking statements. Forward looking statements can generally be identified by the use of Vermelho No
Slide 3: Company Overview - MEI Snapshot
COMPANY OVERVIEW MEI SNAPSHOT For personal use only ASX Code MEI Share Price (05/11/25) A$0.175 Shares on Issue 2,640M Market Capitalisation A$462M BOARD AND MANAGEMENT Executive Chairman Dr Andrew Tunks Managing Director Mr Stuart Gale Executive Director Dr Marcelo de Carvalho Non-Executive Directo
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS Caldeira is set to deliver lower cost MREC than hard rock peers For personal use only Largest ionic clay resource Maiden Reserve declared in Low capital intensity project globally at 1.5Bt @ 2,359ppm PFS of 103Mt @ 4,091ppm that benefits from a simple TREO including 526ppm TREO
Slide 5: The Caldeira Rare Earths Project
THE CALDEIRA RARE EARTHS PROJECT The world’s premiere undeveloped rare earths project For personal use only The most significant and advanced rare earths ionic absorption clay project outside of China Favourably located in Minas Gerais, the largest mining state in Brazil Pre-Feasibility Study comple
Slide 6: Caldeira PFS | LOM Physicals
CALDEIRA PFS | LOM PHYSICALS High confidence in assumptions and physical estimates based on engineering and test programs Together with industry-leading partners support PFS and For personal use only Pre-Feasibility Study Project development parameters Key Production Outcomes Unit Years 1-5 LOM • Au
Slide 7: Caldeira | Summary Financials
CALDEIRA | SUMMARY FINANCIALS Industry leading project of scale and simplicity with expansion potential • Optimised plant design with 6.0Mtpa of Key financial & cash flow Unit Spot Consensus US$110/kg Forecast capacity; 10% increase in capital costs, metrics pricing pricing NdPr pricing1 For persona
Slide 8: Project Development Work Unlocks Value
PROJECT DEVELOPMENT WORK UNLOCKS VALUE ANSTO testwork and Ausenco design provide confidence and optimization of flowsheet and processing costs • Rare earth minerals extracted using a low acidity (pH 4.5 – 5) • Demonstrates process flowsheet with MREO recoveries of ammonium sulphate solution within a
Slide 9: Pilot Plant Update
PILOT PLANT UPDATE Construction well advanced and Operation will support project development and future studies For personal use only Figure 1: Ore Feed Conveyor leading to Figure 2: Counter Current Decantation Figure 3: Impurity removal circuit trommel (CCD) circuit • Pilot plant to produce MREC pl
Slide 10: Capital Costs and Funding
CAPITAL COSTS AND FUNDING The development will be funded by a combination of ECA debt, strategic equity and listed equity Project development costs Indicative funding waterfall (US$m) For personal use only • US$357m of capital for base case 6.0Mtpa development • Includes all direct and indirect cost
Slide 11: Concluding Remarks
CONCLUDING REMARKS Caldeira stands out as the world’s premiere undeveloped rare earths project For personal use only 1 The largest ionic clay resource globally with ~1.5Bt @ 2,359ppm TREO; including a high-grade maiden Ore Reserve of 103Mt @ 4,091ppm TREO 2 Low operating costs underpinned by high gr
Slide 12: Appendix
For personal use only Appendix Strictly confidential
Slide 13: Maiden Ore Reserve
MAIDEN ORE RESERVE Selectively targeting the highest-grade mineralisation to drive high returns and rapid payback Classification Tonnes (Mt) TREO ppm Pr6O11 ppm Nd2O3 ppm Cont. REO kt • Ore Reserves based solely on higher-grade For personal use only Capão do Mel (CDM) material from the CDM, Figueira
Slide 14: Caldeira Mineral Resource Estimate (April 2025)
CALDEIRA MINERAL RESOURCE ESTIMATE (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% Cupim Vermelho Norte Measured Clay 26 2,607 156 477 5 25 663 25.4% Total Measu
Slide 15: Peer Comparison Reference Data
PEER COMPARISON REFERENCE DATA Source data for Bubble Plot, showing IAC Deposits with reported Measured + Indicated Resources (Mt) x TREO Grade (ppm). Grade MREO Company Project Classification Resource(Mt) Cut-Off (ppm) Bubble Size Reference For personal use only (ppm) (ppm) Serra Verde Pela Ema Mea
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