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Meteoric Resources NL
Meteoric Resources NL (MEI) investor relations material
Meteoric Resources NL Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 TU earnings summary27 Jan, 2026
Executive summary
Preliminary Environmental License (LP) approved, enabling progression to Installation License (LI) for Caldeira Project construction, with first production targeted for 2028.
Pilot Plant at Poços de Caldas constructed and commissioned, producing first batches of Mixed Rare Earth Carbonate (MREC) and validating process flowsheet.
Acquisition of 21 mining and exploration licenses consolidates a contiguous 67km² area, enhancing project optionality and access to high-grade resources.
Power supply contracts signed for renewable grid-connected energy, supporting sustainable operations.
US$50 million non-binding Letter of Support received from Export Finance Australia for project financing.
Financial highlights
Cash position at 31 December 2025 was $32.4 million.
Quarterly cash outflows averaged $1.4 million per month, with significant spending on exploration, pilot plant construction, and technical studies.
Exploration and evaluation expenditure for the quarter totaled $8.9 million, including $2.2 million for deferred tenement payments.
Net cash used in operating activities for the quarter was $8.4 million; net cash used in investing activities was $3.2 million.
No substantive mining production or development activities during the quarter.
Outlook and guidance
Project delivery remains on schedule for first production in 2028, with the LI application expected to be lodged in early 2026 and approval anticipated by June 2026.
Ongoing workstreams include completion of the Definitive Feasibility Study (DFS), securing final approvals, and negotiating binding offtake agreements.
Active discussions continue with multiple export credit agencies and strategic investors to optimize funding solutions.
Key steps for Installation License approval?
HREE expansion strategy from new licenses?
Funding strategy to secure FID?
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Next Meteoric Resources NL earnings date
Q3 202627 Apr, 2026
Meteoric Resources NL
Next Meteoric Resources NL earnings date
Q3 202627 Apr, 2026
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Frequently asked questions
Meteoric Resources NL is an Australian mineral exploration company focused on discovering and developing gold and rare earth element (REE) resources. The company holds projects in both Australia and Brazil, with primary interests in gold exploration in Brazil’s Alta Floresta region and REE exploration in Western Australia. The company is headquartered in West Perth, Western Australia, and its shares are listed on the ASX.
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