Company
Meteoric Resources NL
ASX:MEI
Meteoric Resources is an Australian company rapidly growing and developing the Caldeira Rare Earths Project in the state of Minas Gerais in Brazil. The company has outlined a world-class ionic absorption clay rare earths deposit and is progressing approvals and development studies to support a future investment decision.
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Meteoric Resources wraps up sale of Juruena Gold Project in Brazil
The first tranche payment of $3.78 million in cash has been received, and the final $26.5 million payment will be made on or before end of March next year.
Meteoric Resources' IP survey generates drill targets at Palm Springs Gold Project in WA
“On our ground we have several significant zones of highly anomalous rock chips, and soil geochemistry anomalies associated with major structural features such as the Halls Creek Fault and one of our primary goals is to test these areas," s
Meteoric Resources kicks off field season at Palm Springs Gold Project
“We have made great progress in our exploration at Palm Springs since we acquired the project in 2020 with a significant maiden resource and some amazing drilling results,” says Dr Andrew Tunks.
Meteoric Resources executes $30 million agreement to sell Juruena Gold Project to Keystone Resources
“We consider this the ideal moment at which the pass Juruena to a group far better placed than ourselves to now develop the project, allowing Meteoric to focus on what it does best, which is the identification, acquisition and advancement o
Meteoric Resources confirms “exceptional” gold recoveries at Butchers Creek
“The metallurgical test results from Composite #2 again produced outstanding results that confirm a low cost, simple 'whole of ore' flowsheet using cyanide in leach (CIL) is suitable for Butchers Creek gold-rich ore,” says MD.
Meteoric Resources makes progress towards developing gold projects in Australia and Brazil
The company is undertaking scoping studies at Palm Springs Gold Project, where impressive cyanide leach recoveries have been returned from tests, and at Juruena in Brazil with the primary focus on gold resources.
Meteoric Resources' oversubscribed share purchase plan raises in excess of A$1.088 million
Total applications amounting to A$1,088,100 were received and the Meteoric board has determined that all 136 valid applications will be accepted in full.
Meteoric Resources confirms gold recoveries above 96% in Butchers Creek metallurgical tests
“The most important outcome from this test-work is the high leach recovery achieved on straight 'whole of ore' leaching, which indicates the gold is well liberated and not locked up or influenced by the presence of moderate amounts of sulph
Meteoric Resources raising up to A$2.72 million to progress Brazil and WA gold assets
“As we approach the close of 2021 the company has commenced significant studies on both its core projects,” MD Andrew Tunks said.
Meteoric Resources continues to deliver at Palm Springs with thick gold zones at Butchers Creek deposit
“The final results from this drilling will be fed into the preliminary economic studies we are planning which include metallurgy, pit optimisation and underground studies,” says MD.
Meteoric Resources hits 640-metre zone of anomalous copper mineralisation at Brazilian project
"Exploration for Tier 1 Porphyry copper deposits such as our target at Juruena is high-cost, high-risk exploration and on this basis, we have decided to seek a major partner to further advance this obvious and exciting opportunity,” says MD
Meteoric Resources’ FY21 programs provide golden bounty exceeding 740,000 ounces
The company increased its overall gold resources after exploratory drilling was completed at the newly acquired Palm Springs Project in Western Australia.
Meteoric Resources uncovers thick mineralised gold zones during drilling at Butchers Creek
The company’s latest drilling expedition confirms the presence of thick gold mineralisation zones at Palm Springs, enhancing the project’s anticline hinge zone target.
Meteoric Resources confirms thick, robust zones of mineralisation extends further south at Palm Springs Gold Project
The company is undertaking a 4,000 metre drill program comprising seven RC pre-collars with diamond tails and one diamond tail as re-entry of BCRC482 from the 2020 drill campaign.
Meteoric Resources hits further copper sulphides at Juruena and appoints director to oversee Brazilian operations
Molybdenum and copper sulphides have been observed in over 600 metres of core from hole JUDD043, pointing to the presence of a potentially large mineralised porphyry copper-moly system.
Meteoric Resources forges ahead with exploration at Juruena and Palm Springs copper and gold assets
“It’s a really exciting time at Meteoric as we explore the copper and gold potential of Juruena and take the next steps in developing projects on two continents,” says MD.
Meteoric Resources intersects shallow 200-metre thick zone of disseminated sulphides at Juruena in Brazil, shares up
Initial core samples have been submitted for assay and results are expected in about six weeks.
Meteoric Resources upgrades Juruena resource in Brazil by 50% to 387,000 ounces of gold
The updated resource at Juruena gives the company the confidence to consider scoping studies and begin the application process for Mining Licenses over the key areas.
Meteoric Resources establishes maiden 357,000-ounce resource at Palm Springs Gold Project within a year of acquisition
Two drill rigs are operating at Butchers Creek aimed at increasing the size of the resource and converting additional ounces to the indicated category.
Meteoric Resources drilling reveals potential for a major copper-gold porphyry environment at Juruena
The alteration styles, minerals present, including: molybdenite, chalcopyrite and bornite plus the porphyritic intrusives and breccias noted, all lead to the conclusion that Meteoric is in a significant magmatic ore system.
Meteoric Resources kicks off 2021 drill program to test thick gold zones at Palm Springs Project
Drilling will feed into additional resource estimation work and mining studies expected to commence in the second half of 2021.
Meteoric Resources “intersecting right rocks and alteration styles” at Juruena Gold-Copper Project
MD Andrew Tunks says indications from the hole testing porphyry copper-gold potential at depth show that the company is “within a major magmatic system”.
Meteoric Resources' upbeat as follow-up Palm Springs drilling kicks off in hope of significant discoveries
Drilling on the Palm Springs Gold Project mining licence and pit de-watering is anticipated to begin in May.
Meteoric Resources starts 2021 field season at Palm Springs Gold Project ahead of drilling in May
A field reconnaissance visit to Halls Creek is underway with drilling on the mining licence and pit de-watering anticipated to begin in May.
Meteoric Resources deep drilling at Juruena deposit in Brazil reaches top of copper-gold porphyry target
The deep drilling program is designed to test an interpreted giant gold-copper rich porphyry system identified in geological, geophysical and geochemical data immediately below the high-grade epithermal Juruena Gold Deposit.
Meteoric Resources begins deep drilling of potential ‘giant copper-gold porphyry target' at Juruena in Brazil
“The full program is expected to take at least three months to complete, however, we look forward to updating the market as we progress on this potential company-making exploration program,” says MD.
Meteoric Resources broad high-grade gold assays from Palm Springs extend mineralisation
The 2020 program was extremely successful in confirming and extending gold mineralisation over 360 metres along strike to the southwest of Butchers Creek open pit.
Meteoric Resources plans to get drill spinning at Juruena Epithermal gold deposits in Brazil
The company will initiate 3600 metres drilling program with three holes, designed to intercept the large, high chargeability anomaly in the central region close to the Juruena Fault.
Meteoric Resources gears up to advance Australian and Brazilian Projects in 2021
The company is planning significant exploration programs at its Palm Springs Gold Project in Western Australia, and the Juruena Copper-Gold Project in Brazil.
Meteoric Resources receives firm commitments for $4 million to accelerate extensive gold drilling in WA and Brazil
The company is placing 70,175,439 million new shares at $0.057 per share with a one-for-two attaching three-year unlisted option exercisable at $0.10.
Meteoric Resources finds IP anomaly exceeding 2,000 by 1,500 metres at Juruena Epithermal Gold Project in Brazil
The IP/MT survey covers just a portion of the tenements controlled by Meteoric and there is considerable potential to identify further mineralised porphyry systems within this district.
Meteoric Resources hits multiple broad, high-grade gold intersections in Southern Extension at Palm Springs
Results from 2020 drilling continue to confirm that known gold mineralisation immediately below the Butchers Creek Open Pit extends for 350 metres southwest and remains open as an exciting drill target for further exploration.
Meteoric Resources gains 12.46% stake in Rafaella by sale of Canadian nickel-copper projects
With Meteoric’s focus being on its highly prospective Western Australian and Brazilian gold projects, the company did not have the bandwidth to properly explore its Canadian nickel-copper projects.
Meteoric Resources completes sale of Canadian nickel-copper projects to Rafaella
The company has sold the Midrim and LaForce projects for 13.05 million shares in Rafaella Resources, worth around $1,174,500 based on the trading price of 9 cents per share.
Meteoric Resources intersects thick robust gold well beyond Butchers Creek Open Pit in initial Palm Springs drilling
Historic cross-sections and mine plans indicate significant gold mineralisation remains in the floor and immediately below the Butchers Creek Pit, creating potential for near-term mining possibilities.
Meteoric Resources delivers bonanza gold grades above 90 g/t at Juruena in Brazil
Modelling and resource estimation is scheduled to begin once Juruena drilling has been completed and assays received with a new resource estimate anticipated in Q1 of 2021.
Meteoric Resources progresses exploration across Australian and Brazilian gold portfolio
As well as Palm Springs in Western Australia, Meteoric also continues to explore at its Juruena and Novo Astro projects in Brazil.
Meteoric Resources well-positioned to benefit from strong gold market
The company looks forward to reporting activities over the coming year from its exciting gold portfolio in Western Australia and Brazil.
Meteoric Resources directors show support for gold strategy by participating in placement
As well as Palm Springs in Western Australia, Meteoric also continues to explore at its Juruena and Novo Astro projects in Brazil.
Meteoric Resources has RC drill spinning at Palm Springs Gold Project
The company has also completed the digital compilation of available historical Butchers Creek data and the new database has allowed for completion of a 3D wireframe interpretation.
Meteoric Resources maiden drilling confirms historical high-grade gold mineralisation at Palm Springs
Drill core from the maiden drilling program has confirmed historical mineralisation beneath and along strike from the Butchers Creek open pit gold mine.
Meteoric Resources identifies high-grade extensions and new style of gold-copper mineralisation at Juruena in Brazil
Eight holes from the 2020 program are now complete with further assay results next expected in late September.
Meteoric Resources has diamond drill spinning at Palm Springs Gold Project testing for extensions
The initial 23-hole program comprises 5,000 metres of reverse circulation and 1,500 metres of diamond drilling.
Meteoric Resources to sell nickel-copper projects to focus on gold in Australia and Brazil
The sale will increase Meteoric’s cash and other liquid holdings to about $6.65 million.
Meteoric Resources mobilising to Palm Springs Gold Project with drilling to kick-off this month
The company is set to begin its stage-1 drilling program for 6,500 metres aiming to confirm and extend known mineralisation beneath the open pit at Butchers Creek.
Meteoric Resources to start drilling at Butchers Creek, Palm Springs Gold Project in early August
Understanding structural controls on gold mineralisation are key to unlocking Palm Springs’ true potential and work has started to generate regional targets for stage-2 drilling.
Meteoric Resources completes acquisition of high-grade WA gold project
The company has submitted a Program of Works for the Palm Springs project with drilling planned to start in August.
Meteoric Resources begins field season at newly acquired Palm Springs Gold Project in WA
The initial program will include reverse circulation and diamond drilling to explore for extensions at the Butchers Creek ore body.
Meteoric Resources set to boost gold portfolio with past-producing WA project
The Palm Springs Gold Project will complement the company’s exciting Brazilian assets and enable MEI to take further advantage of historically high gold prices.
Meteoric Resources kicks off high-grade gold-copper drilling at Juruena
The decision to recommence activities on-site follows a change in COVID-19 restrictions by the Brazilian government, confirming mining as an essential industry
Meteoric Resources halted with news of potential acquisition and capital raising pending
The company’s 2020 drill program will test the depth extensions of a high‐grade steeply plunging shoot intersected in the 2019 program.
Meteoric Resources sets 2020 focus on increasing high‐grade gold resource at Juruena
Meteoric personnel including board members and senior management have taken substantial pay cuts to protect the company’s positive cash position at this time.
Meteoric Resources maintains strong financial position during COVID-19 pandemic
The company will begin its 2020 drilling program as soon as mining and exploration activities can recommence at Juruena Gold Project in Brazil.
Meteoric Resources drilling intersects high-grade gold shoot below Juruena resource
The company drilled one of the best drill results in the world in 2019 of 20.6 metres at 94.9 g/t gold during its maiden drill program at the Juruena and Novo Astro Gold Projects in Brazil.
Meteoric Resources in trading halt with assay results pending from Brazilian gold project
An influx of samples at the ALS preparation facility in Goiania from several companies during December combined with the Christmas holiday period resulted in a delay of assay results.
Meteoric Resources managing director buys 400,000 shares
Meteoric continues to accelerate exploration at its two key projects Juruena and Novo Astro in Brazil.
Meteoric Resources continues advancing Brazilian gold projects
The company owns 100% of 24 tenements on the western end of the highly prospective Alta Floresta Belt in the state of Mato Grosso, home to more than 40 known gold deposits and host to major miners.
Meteoric Resources receives first assay batch from Novo Astro
Assay results have been received for the first three holes of its 12-hole program with more expected over the coming weeks and months.
Meteoric Resources completes first $6.75 million tranche of $7 million placement
Funds raised will enable the company to accelerate exploration programs at the Juruena and Novo Astro projects in Brazil.
Meteoric Resources continues drilling at pace at Nova Astro Gold Project in Brazil
Visible gold was intersected in the first-ever drilling undertaken at the Novo Astro Gold Project earlier this month.
Meteoric Resources raises $7 million to accelerate Brazilian gold exploration
The company’s placement has been well supported by existing shareholders and leading institutional investors.
Meteoric Resources halts shares as it prepares to raise capital
The company recently completed drilling five holes at the Novo Astro Gold Project in Brazil.
Meteoric Resources intersects visible gold in first-ever drilling at Novo Astro in Brazil
Shares have been up to 20% higher in early trade to 6.5 cents after MEI reached a new 12-month high of 7.9 cents on October 23.
Meteoric Resources discovers new porphyry-style gold-copper at Juruena in Brazil
Gold-copper mineralisation intersected at Crentes boosts the potential for additional gold-rich porphyry discoveries across the entire Juruena project.
Meteoric Resources boosts technical capacity of Board through director appointment
Experienced mining executive Dr Paul Kitto is a new non-executive technical director for the Brazilian gold explorer.
Meteoric Resources hits more bonanza gold grades at Juruena project in Brazil
Drill rigs have moved from Dona Maria to the Tomate and Querosene prospects with two holes completed to date.
Meteoric Resources in trading halt pending news of "significant" assay results
The company’s securities will remain in trading halt until the beginning of trade on October 15, or when an announcement is released.
Meteoric Resources to drill test prospective gold targets at Novo Astro project in Brazil
The four initial targets were selected based on geological mapping, artisanal workings, soil geochemistry and grab samples.
Meteoric Resources’ gold story attracts new substantial shareholder
Klare Pty Ltd has built-up a 5.64% stake in the company through a series of share acquisitions.
Meteoric Resources hits bonanza-grade gold in maiden drilling at Juruena project in Brazil
“This is the best drilling intercept I have ever been involved with in my career,” said Meteoric managing director Andrew Tunks.
Meteoric Resources in trading halt ahead of assay results
The company’s securities will remain in trading halt until Wednesday September 18.
Meteoric Resources set to begin maiden drilling at Novo Astro Gold Project in Brazil
Meteoric’s exploration team has planned an initial 21-hole drilling program for 2,500 metres at Novo Astro.
Meteoric Resources plans to drill Novo Astro Gold Project targets defined by samples of up to 290 g/t gold
The rock chip sampling, as well as a large soil anomaly, have confirmed zones of alteration and mineralisation.
Meteoric Resources drills visible gold in first hole, shares rise
The company will be presenting at Proactive’s CEO Sessions on August 26-27 in Sydney and Melbourne.
Meteoric Resources to discuss new gold acquisitions at Proactive’s CEO Sessions
Historical drilling results at the acquired projects include bonanza grade gold intersections of 1-metre at 1,992 g/t gold.
Meteoric Resources raising $2.7 million for Juruena and Novo Astro drilling
Diamond drilling at Juruena has commenced and two rigs are currently onsite drilling double shifts.
Meteoric Resources enters trading halt ahead of capital raising news
Meteoric has started a 4,700-metre, 26-hole drilling program at its Juruena Gold Project in Brazil.
Meteoric Resources identifies drill targets under historical workings at Novo Astro Project
Sampling program underway with the first batch of 36 samples already dispatched to the lab with results due in mid‐August.
Meteoric Resources begins gold campaign at Juruena ground in Brazil
Meteoric is drilling its Juruena Gold Project, a project on the Alta Floresta Belt that was popular with artisanal miners during a 1980s gold rush.
Meteoric Resources to follow-up bonanza gold grades with maiden drill program at Juruena Gold Project
Identified targets will be refined as drilling advances, with the program expected to take 3 months to drill.
Meteoric Resources signs contract with GEOSOL to begin Juruena project drilling in July
The Juruena Gold Project has been the site of extensive artisanal mining with recorded production in excess of 500,000 ounces of gold largely produced during a gold rush in the 1980’s.
Meteoric Resources gains new substantial shareholder in Crusader Resources
The company has recently built a portfolio of highly prospective gold projects in Brazil.
Meteoric Resources completes acquisition of highly prospective gold projects in Brazil
The projects are in the highly prospective Alta Floresta Belt, which is host to major miners including Anglo American and Vale.
Chase Mining confirms positive electromagnetic response at third-party areas near its projects
Positive VTEM response from the Lac Kelly and Midrim deposits adds credibility to Chase Mining’s survey results.
Meteoric Resources major shareholder Tolga Kumova increases stake
Kumova is a well known self-made mining entrepreneur featured on the Young Rich List.
Meteoric Resources managing director buys 625,000 shares
The company is in the process of acquiring the Juruena and Novo Astro Gold Projects in Brazil.
Meteoric Resources receives applications for $1.76 million in heavily oversubscribed SPP
The company recently acquired 24 tenements in the state of Matto Grosso in Central Brazil, comprising the Juruena and Novo Astro gold projects.
Meteoric Resources executes formal agreement to acquire gold projects in Brazil
The company is planning to commence a drilling program at the Juruena Gold Project.
West Wits Mining banks Witwatersrand Basin receipts as it works on Paterson Province plan
Sixty per cent of Mt Cecelia project’s boundaries are surrounded by Rio Tinto, which has upped its landholding in the region by 1,000%.
Meteoric Resources queried by ASX after 44% share price jump
The company received an ASX Aware Letter Query asking it to confirm it was releasing information to the market in a timely fashion, which it confirmed it is.
Meteoric Resources begins evaluation program at Juruena Gold Project in Brazil
The company’s Brazilian team is ready to begin resource definition and extension drilling at Querosene and Dona Maria in quarter-two of 2019.
Meteoric Resources to acquire high-grade gold projects in Brazil
The Alta Floresta Belt is one of the most prospective gold exploration destinations in Brazil.
Meteoric Resources reveals maiden drilling results from Joyce Copper-Cobalt-Gold Project
Additional coincident airborne electromagnetic and magnetic anomalies remain to be tested.
Meteoric Resources in trading halt ahead of potential acquisition
The priority target within Meteoric’s cobalt portfolio is the Joyce Copper-Cobalt-Gold Project in western Ontario.
Meteoric Resources focuses on Canadian cobalt assets with view to expand portfolio
Meteoric is looking to bolster its portfolio with gold and base metal acquisitions as exploration at its cobalt projects continues.
Investments and investor services
Cobalt set for bearish 2019 but demand fundamentals remain strong
Despite a sharp price correction in 2018, shrinking supply sources and growing demand for battery chemicals are predicted to sustain cobalt prices into the 2020s.
Meteoric Resources begins diamond drilling program at Joyce in Canada
Drilling has been designed to intersect target zones below massive sulphide outcrops within re-modelled EM conductivity targets.
TopTung’s models will help plan further exploration at ADZ project in Canada
Drilling results have been used to prepare sectional and plan views as well as a wireframe model.
Meteoric Resources NL set to begin initial drilling at Joyce project in Canada
The company has been advised that TopTung will not complete the acquisition of Midrim and LaForce projects.