Meteoric Resources NL gets ready to raise
The trading halt will remain in place until Wednesday.
Company
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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The trading halt will remain in place until Wednesday.
With a massive 40km magnetite target at its Coorara Project and 1Bt exploration target, Meteoric's attraction has been given a boost due to Toronto-listed Macarthur Minerals' positive Scoping Study at the nearby Lake Giles magnetite pr