Breakeven Date Change • Jun 19
Forecast to breakeven in 2028 The 4 analysts covering Meteoric Resources expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 16% per year to 2027. The company is expected to make a profit of AU$32.8m in 2028. Average annual earnings growth of 55% is required to achieve expected profit on schedule. Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. MD, CEO & Director Stuart Gale was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. MD, CEO & Director Stuart Gale was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 22
Meteoric Resources NL has filed a Follow-on Equity Offering in the amount of AUD 40 million. Meteoric Resources NL has filed a Follow-on Equity Offering in the amount of AUD 40 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 235,294,118
Price\Range: AUD 0.17
Transaction Features: Subsequent Direct Listing Tillkännagivande • Mar 16
Meteoric Resources NL, Annual General Meeting, May 14, 2026 Meteoric Resources NL, Annual General Meeting, May 14, 2026. Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. MD, CEO & Director Stuart Gale was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 01
Meteoric Resources NL Provides an Update on the Environmental Permitting Process for Its Caldeira Rare Earth Project in Caldas, Minas Gerais, Brazil Meteoric Resources NL provided an update on the environmental permitting process for its Caldeira Rare Earth Project (Caldeira Project) in Caldas, Minas Gerais, Brazil. The State Foundation for Environmental (FEAM) has requested more time to respond to questions raised by the Federal Public Prosecutor's Office (MPF) in relation to the Caldeira Project. As a result, the vote to approve the Caldeira Project's Preliminary Environmental Licence was postponed. Meteoric is confident that all information required to address the MPF questions has already been prepared and submitted. Meteoric will assist FEAM on responding to MPF to support rescheduling of the vote at the next meeting on 19 December 2025. The Preliminary Environmental Licence (LP) for the Caldeira Project was submitted to the State Council for Environmental Policy (COPAM) for approval at its meeting on 28 November 2025. During the meeting, the President of FEAM requested additional time to respond to questions raised from the MPF received several days before the COPAM meeting. These questions were directed to FEAM and provided to online media. Mete Historic is confident that information and technical studies previously submitted as part of its EIA and LP application include all necessary responses to all questions raised by the MPF. The key reports and documents which support Meteoric's position include: Environmental Impact Assessment. (IC) - Various, including written responses to 50 questions from FEAM with supporting Technical Studies. Technical Report. Technical Report. Drafted by FEAM, which recommends Caldeira Project LP approval and contains required verifiable data to satisfactorily answer the MPF's questions. Meteoric will continue to collaborate with FEAM and provide all required responses to the MPF requests to enable the LP award at the next COPAM meeting scheduled for 19 December 2025. Following resubmission and award of the LP, Meteoric will be in a position to submit its Construction License (LI) with minimal impact on the overall Project timeline. In May 2024 a 3,000 page EIA was submitted to FEAM, after almost 12 months of environmental baseline monitoring and potential impact studies conducted by independent consultant companies, ALGER and CERN, to satisfy the current environmental legislation and guidelines for LP applications. Since the EIA submission, the Caldeira Project has passed through all requisite stages of the process including: Certificate of Regularity for Land Use and Occupation -. Issued by the Municipal Environmental Council (CODEMA) of Caldas; Approval of the Council of Management of the Pedra Branca Conservation Area (CONGEAPA) - To mine inside the 3 kilometre ' buffer Zone' surrounding the APA; Public Hearing -. A six hour public community consultation hearing in Caldas Municipality to present the Caldeira Project; Site Inspection -. By FEAM technicians in relation to the affected areas within the Company licences at: Soberbo, Capao do Mel, and Figueira; Complimentary Information (ICs)- Submission of all ICs requested by FEAM to clarify and strengthen the LP application; and Technical Report -. Preparation by FEAM of Technical Report which recommended the approval of the LP by COPAM, barring any legal impediment). Tillkännagivande • Sep 23
Meteoric Resources NL, Annual General Meeting, Nov 19, 2025 Meteoric Resources NL, Annual General Meeting, Nov 19, 2025. Board Change • Aug 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. MD, CEO & Director Stuart Gale was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jul 23
Meteoric Resources NL has completed a Follow-on Equity Offering in the amount of AUD 42.5 million. Meteoric Resources NL has completed a Follow-on Equity Offering in the amount of AUD 42.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 303,571,429
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Transaction Features: Subsequent Direct Listing Tillkännagivande • Apr 07
Meteoric Resources Nl Provides an Update on Its Capacity to Provide an Alternative, Sustainable Supply Chain for Critical Rare Earths from Its 100%-Ownedcaldeira Ionic Clay Project Meteoric Resources NL provided an update on its capacity to provide an alternative, sustainable supply chain for critical rare earths from its 100%-owned Caldeira Ionic Clay Project ("Caldeira Project"). Highlights. "The scale and quality of Caldeira Project provides a near term, sustainable and long-life solution for the delivery of critical Rare Earths to global supply chains. Anticipated resource updates for Barra do Pacu and Agostinho will immediately increase future production volumes and with targeted exploration programs we will undoubtedly identify additional Rare Earth Oxides. We have the capacity to provide significant and scalable volumes into the global supply chain and will focus on maximising our resource base to support the growing demand for Rare Earths". Breakeven Date Change • Feb 07
Forecast to breakeven in 2027 The 5 analysts covering Meteoric Resources expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 34% per year to 2026. The company is expected to make a profit of AU$3.39m in 2027. Average annual earnings growth of 80% is required to achieve expected profit on schedule. Board Change • Feb 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. MD, CEO & Director Stuart Gale was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. MD, CEO & Director Stuart Gale was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 22
Meteoric Resources NL Appoints Stuart Gale as Director Meteoric Resources NL announced the appointment of Mr. Stuart Gale as director. Date of appointment is 18 November 2024. Tillkännagivande • Nov 21
WIN Metals Ltd (ASX:WIN) completed the acquisition of Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million. WIN Metals Ltd (ASX:WIN) signed a tenement sale agreement to acquire Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million on August 28, 2024. A deposit of AUD 0.05 plus GST (already received); a cash payment of AUD 0.95 million plus GST upon settlement; and WIN Shares to the value of AUD 1.75 million upon settlement (at a deemed issue price of the next WIN Metals capital raising and subject to 12-month voluntary escrow). A cash payment of AUD 1million plus GST 18 months after settlement; and a cash payment of AUD 1.25 million plus GST upon the production of 20,000oz of gold from Palm Springs. This has been approved by the Board of Meteoric Resources NL.
On 9 September 2024 WIN Metals announced that it will commence drilling on the Project in mid-September 2024.
WIN Metals Ltd (ASX:WIN) completed the acquisition of Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) on November 21, 2024 Tillkännagivande • Aug 28
WIN Metals Ltd (ASX:WIN) signed a tenement sale agreement to acquire Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million. WIN Metals Ltd (ASX:WIN) signed a tenement sale agreement to acquire Palm Springs Gold Project from Meteoric Resources NL (ASX:MEI) for AUD 5 million on August 28, 2024. A deposit of AUD 0.05 plus GST (already received); a cash payment of AUD 0.95 million plus GST upon settlement; and WIN Shares to the value of AUD 1.75 million upon settlement (at a deemed issue price of the next WIN Metals capital raising and subject to 12-month voluntary escrow). A cash payment of AUD 1million plus GST 18 months after settlement; and a cash payment of AUD 1.25 million plus GST upon the production of 20,000oz of gold from Palm Springs. This has been approved by the Board of Meteoric Resources NL. Tillkännagivande • Aug 23
Meteoric Resources NL, Annual General Meeting, Oct 22, 2024 Meteoric Resources NL, Annual General Meeting, Oct 22, 2024. Tillkännagivande • Jul 27
Meteoric Resources NL has filed a Follow-on Equity Offering in the amount of AUD 5 million. Meteoric Resources NL has filed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,454,546
Price\Range: AUD 0.11 Tillkännagivande • Jul 26
Meteoric Resources NL has completed a Follow-on Equity Offering in the amount of AUD 27.5 million. Meteoric Resources NL has completed a Follow-on Equity Offering in the amount of AUD 27.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: AUD 0.11
Discount Per Security: AUD 0.0066
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Jun 15
Executive Chairman recently bought AU$51k worth of stock On the 14th of June, Andrew Tunks bought around 300k shares on-market at roughly AU$0.17 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of AU$100k worth in shares. New Risk • Oct 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$16m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$16m free cash flow). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$1.7m net loss in 3 years). Shareholders have been diluted in the past year (27% increase in shares outstanding). Tillkännagivande • Sep 20
Meteoric Resources NL, Annual General Meeting, Nov 17, 2023 Meteoric Resources NL, Annual General Meeting, Nov 17, 2023. Agenda: To consider and approve re-election of Directors. New Risk • Sep 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.5m free cash flow). Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$7.7m net loss in 3 years). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Tillkännagivande • Jan 17
Meteoric Resources NL Announces Caldeira Project Drilling to Commence Meteoric Resources NL announced that field based due diligence check sampling programs are progressing with re-sampling of selected historic coarse rejects and pulps complete and sent for assay, and with diamond drilling to commence in approximately 10 days. Meteoric have executed a contract with a local service provider, Thrust Drilling. The Company's diamond core drilling program will start in late January. Twenty holes are designed to twin historic auger holes drilled by previous explorers JOGMEC between 2016-2019. All new holes will be drilled deeper than the original historic holes into unoxidised granite to ensure full mapping and documentation of the extensive regolith profile that hosts the REE mineralisation. The new diamond drilling will serve multiple purposes:- Geostatistical comparison of downhole grades between diamond holes (new) and old auger holes; all new assays will be completed at the SGS-Geosol laboratory, located in Vespasiano, Minas Gerais by ICP-MS. Drill beyond the current base of drilling (max depth 20m average depth 10m) until granite basement is intersected to collect data on the thickness of the clay zone and the depth to which REE mineralisation is present. Provide sample material for metallurgical testwork across 6 licenses - previous testwork was only completed at Capo do Mel Prospect; and To characterise the weathering profile and rock conditions to determine the optimum drilling method for any detailed resource drill out. The auger holes for twinning were selected to represent all 6 prospects, with an emphasis on holes that finished in strong mineralisation. The Company has formally engaged with the Australian Nuclear Science Technology Organisation (ANSTO) to devise and conduct a series of metallurgical recovery tests on the Caldeira Project ores. Sample material will be collected from all drillholes in the upcoming diamond drill program and after logging will be split into 2 fractions. Fraction 1 will be sent to SGS-Geosol laboratory in Vespasiano, Minas Gerais Brazil for analysis by ICP-MS. Fraction 2 will be packed and sent to ANSTO at Lucas Heights in NSW where they will undergo a series of mineralogical and metallurgical tests to assess any metallurgical variability across the system and to optimize REE recoveries. The Company has previously reported the preliminary metallurgical testwork completed on the Caldeira Project by JOGMEC. The results show that excellent REE desorption was achieved using a standard ammonium sulphate [(NH4)2SO4)] solution at pH 4 and crucially confirms that the high-grade Caldeira Project is an Ionic - Adsorption Clay REE Deposit. BNA Mining Solutions (BNA) have been involved as the competent group overseeing previous exploration at the Caldeira Project and are a well-known resource and mining consultancy based in Belo Horizonte in the state of Minas Gerais, Brazil. Historic data collected by previous explorers, JOGMEC includes: 13,037 whole rock analyses collected from 1,311 auger holes drilled across 6 licences of the Caldeira Project. Rigorous procedures including the use of duplicates, blanks and standards were followed during the historic exploration. Work has already commenced on validation of the historical database and QAQC on the data. A Maiden Resource Estimate for the Caldeira Project reported under the JORC Code (2012) will be available in the second quarter of 2023. As part of the Due Diligence assessment a total of 31 drill holes from JOGMEC's 2016-2019 drilling program were resampled, 315 pulp samples were collected from 23 drill holes and 109 samples of original unprocessed sample were collected from 8 drill holes, completing 424 samples. The resampling of historical course rejects from the auger drilling and pulps from the laboratory was designed to cover all the targets previously drilled. Recent Insider Transactions • Dec 27
Non-Executive Technical Director recently bought AU$253k worth of stock On the 22nd of December, Paul Kitto bought around 6m shares on-market at roughly AU$0.042 per share. This transaction increased Paul's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Marcelo de Carvalho was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Marcelo de Carvalho was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
