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Meteoric Resources

Gold company, with a project stated to be in Caldera.

NoneBrazil — as stated on the recordings

gold NoneBrazil
Jul 2025 → May 2026Covered
7 of 10Topics on record
1 executiveNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 2 interviews with the company · 6 independent recordings
Primary commodity
Gold
Jurisdiction
Caldera
Deposit
ionic clay
Latest appearance
16 May 2026
On record
2 interviews · 18 statements · 2 executives

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
a little over 100 million tons
Management-stated Stuart Gale May 2026
Grade
2,300 plus ppm for resource; over 4,000 ppm for reserve
Management-stated Stuart Gale May 2026
Capital needed
about 450 million US dollars
Management-stated Stuart Gale May 2026
What happens next
installation license application lodged in March, expected late September; then final investment decision
Management-stated Stuart Gale May 2026
The main open question
The permit path remains incomplete: while the preliminary environmental license was obtained late last year, the installation license is still pending (expected late September after a six-month review), and final investment decision comes…
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
5 independent voices on record — 10 constructive, 2 neutral
Rick Rule, Narrator (Bloomberg Originals), Steve Barton, Peter Ruse…
Outside voices

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Meteoric Resources's own claims across 2 interviews — most-covered theme first.

What outside voices pick up on

5 independent voices — people who do not speak for the company — across 14 mentions.

10 constructive 2 neutral
  • Rick Rule “He calls it a high-quality developmental rare earth company and says he is a large shareholder.”
  • Narrator (Bloomberg Originals) “Cited as a Brazil-based project backed by US interest as part of the non-China supply buildout.”
  • Steve Barton “He says he is a large investor and that it was one of only three rare-earth names that made the cut.”
  • Peter Ruse “Mentioned as Holthouse's former CEO role with a different flow sheet; a credential reference only.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the project pays back in just over two years on a $110/kg NDPR price assumption, generating ~$1.3 billion NPV with only $450 million capex, while operating at low-quartile costs on an ionic clay deposit grading over 4,000…

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management says the project pays back in just over two years on a $110/kg NDPR price assumption, generating ~$1.3 billion NPV with only $450 million capex, while operating at low-quartile costs on an ionic clay deposit grading over 4,000 ppm with 100+ million tons of reserves. Rick Rule, a major investor, calls it his top ASX rare-earth story and notes US government backing is available for processing and construction finance.

▼ Bear case

The permit path remains incomplete: while the preliminary environmental license was obtained late last year, the installation license is still pending (expected late September after a six-month review), and final investment decision comes…

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

The permit path remains incomplete: while the preliminary environmental license was obtained late last year, the installation license is still pending (expected late September after a six-month review), and final investment decision comes after that. Rick Rule emphasizes that community approvals are volatile and cites the trading halt as evidence of local municipal friction, and financing must be locked down first.

◆ Watch next

Installation license decision expected late September 2024 is the near-term catalyst for final investment decision; definitive feasibility study delivery is imminent.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Installation license decision expected late September 2024 is the near-term catalyst for final investment decision; definitive feasibility study delivery is imminent. The company has explored only 20% of its land holding, so resource growth announcements could add to the narrative, but no timeline is stated for that exploration.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 9 statements

The deposit 5

Key takeaway. Management of Meteoric Resources describes the deposit as an ionic clay deposit (May 2026).

Read the full summary

The company reports a resource of over 1.5 billion tons grading 2,300-plus ppm, and a reserve of a little over 100 million tons grading over 4,000 ppm (May 2026). Management adds that about 20% of the land holding has been explored, leaving what it calls an opportunity to grow and develop the resource further (May 2026).

What was actually said
deposit type
ionic clay
“that's about four times the grade that's being mined throughout China and Southeast Asia in the ionic clay space right at the moment.”
Stuart Gale· 16 May 2026·
exploration upside
explored about 20% of the land holding; opportunity to grow and develop resource
“we've explored about 20% of the land holding that we have within the Caldera. uh and we have this enormous resource already. So I think the opportunity to to grow that and develop that”
Stuart Gale· 16 May 2026·
grade
2,300 plus ppm for resource; over 4,000 ppm for reserve
“We've got over 1.5 billion tons of resource at 2,300 plus ppm. And that reserve is a little over 100 million tons at over 4,000 ppm.”
Stuart Gale· 16 May 2026·
Show the other 2 statements
reserve size
a little over 100 million tons
“And that reserve is a little over 100 million tons at over 4,000 ppm.”
Stuart Gale· 16 May 2026·
resource size
over 1.5 billion tons
“We've got over 1.5 billion tons of resource at 2,300 plus ppm.”
Stuart Gale· 16 May 2026·

Jurisdiction 3

Key takeaway. Management reports that the project is located in Brazil, in the Caldera region (May 2026).

Read the full summary

The company states that a preliminary environmental license was obtained late last year, and that an installation license application is currently pending (May 2026).

What was actually said
country
Brazil
“as we've been growing a fantastic project at uh at the Caldera in Brazil.”
Stuart Gale· 16 May 2026·
permit status
preliminary environmental license obtained late last year; installation license application pending
“the preliminary environmental license and that was obtained uh late last year. But that really just opened up the u the opportunity to apply for the installation license, which we've now done.”
Stuart Gale· 16 May 2026·
region
Caldera
“as we've been growing a fantastic project at uh at the Caldera in Brazil.”
Stuart Gale· 16 May 2026·

Technical risk 1

What was actually said
recovery rate
over 4,000 tons of NDPR and about 130 tons of heavy magnetics dprosium and turbine annually
“from a magnetic rare earth perspective that's over 4,000 tons of NDPR and about 130 tons of the heavy magnetics dprosium and turbine.”
Stuart Gale· 16 May 2026·

Economics 4 statements

Economics 4

Key takeaway. Meteoric Resources management says the project's economics are based on a $110 NDPR price assumption (May 2026).

Read the full summary

They report a capital expenditure of about $450 million and an NPV of about $1.3 billion or a little over that figure at the same price. Payback is estimated at just over two years.

What was actually said
capex
about 450 million US dollars
“the capital intensity of this project call it about 450 million US dollars based on the PFS”
Stuart Gale· 16 May 2026·
npv
about $1.3 billion or a little over $1.3 billion at $110 NDPR price
“if you just take $110 NDPR price, then you know, we're running at at NPVS of about $1.3 billion or a little over $1.3 billion.”
Stuart Gale· 16 May 2026·
payback
just over two years
“we pay we pay the project back in just over two years.”
Stuart Gale· 16 May 2026·
Show the other 1 statement
price assumption
$110 NDPR price
“if you just take $110 NDPR price, then you know, we're running at at NPVS of about $1.3 billion or a little over $1.3 billion.”
Stuart Gale· 16 May 2026·

Timeline 2 statements

Timeline 2

Key takeaway. Management at Meteoric Resources expects the definitive feasibility study, based on a 20-year mine life, in the "very near term," and stated in May 2026 that the DFS was due soon.

Read the full summary

On permitting, the company reports that the installation license application was lodged in March and is expected in late September, after which a final investment decision would follow.

What was actually said
permit timing
installation license application lodged in March, expected late September; then final investment decision
“The installation license application was lodged in March. it's about a six-month or so process uh to work through that. So, we're figuring towards the end of September uh we should be in a position to have that installation license”
Stuart Gale· 16 May 2026·
study due
definitive feasibility study in very near term; DFS based on 20 years
“we're looking to to bring the definitive feasibility study uh into the markets in the very near term. extending beyond the 20 years that the DFS is going to to be based on”
Stuart Gale· 16 May 2026·

Corporate 3 statements

Management 1

What was actually said
track record
worked at Forscq Metals Group developing T155/180 million ton iron ore operation; worked in lithium at Mineral Resources
“I I really cut my teeth uh at a company called Forscq Metals Group uh as it was developing and building out its T155 project. Subsequently grew beyond T155 which was 155 million tons into 180 million ton iron ore operation. I've subsequently moved on and spent a little bit of time in gold, but the allure of uh critical minerals uh led me into the lithium space and a company called mineral resources”
Stuart Gale· 16 May 2026·

Market 2

Key takeaway. Management of Meteoric Resources says the company is positioned to supply roughly 5% of global rare earth magnetic production and to operate in the low quartile of cost curves, both claims made in May 2026.

What was actually said
cost curve position
low quartile in cost curves
“you've got a project that operates at the low quartortile in cost curves, you've got a pretty damn good project.”
Stuart Gale· 16 May 2026·
strategic interest
roughly 5% of global rare earth magnetic production
“roughly in that sort of 5% of global production is the numbers that that we have up our sleeve right at the moment.”
Stuart Gale· 16 May 2026·

Outside views 14 mentions

14 mentions by people who do not speak for the company — 10 constructive, 0 cautious, 2 neutral. These are their views, not the company's.

Rick Rule
bullish
He calls it a high-quality developmental rare earth company and says he is a large shareholder.
The Silver Market· 22 Jun 2026·
Cited as a Brazil-based project backed by US interest as part of the non-China supply buildout.
Bloomberg Originals· 15 May 2026·
Rick Rule
bullish
He says he is a large investor and that it was one of only three rare-earth names that made the cut.
Rule Investment Media· 25 Apr 2026·
Steve Barton
bullish
He says he is a large investor and that it was one of only three rare-earth names that made the cut.
Rule Investment Media· 25 Apr 2026·
Show the other 10 mentions
Rick Rule
bullish
Large investor; one of only three rare-earth companies that made his global cut.
In it to Win it· 25 Apr 2026·
Steve Barton
bullish
He is a large investor and says it made the cut among a small set of global rare-earth names.
Rule Investment Media· 24 Apr 2026·
Rick Rule
bullish
He is a large investor and says it made the cut among a small set of global rare-earth names.
Rule Investment Media· 24 Apr 2026·
Rick Rule
bullish
Company that both Rule and Nomi share 'a fondness for.' US government appears prepared to support processing, offtake, or construction finance in foreign jurisdictions like Congo and Brazil.
The Silver Market· 02 Feb 2026·
Peter Ruse
neutral
Mentioned as Holthouse's former CEO role with a different flow sheet; a credential reference only.
Crux Investor· 01 Nov 2025·
Mentioned as Holthouse's former CEO role with a different flow sheet; a credential reference only.
Crux Investor· 01 Nov 2025·
Rick Rule
mixed
He likes the deposits but says local community politics in Brazil can create major volatility and delays.
In it to Win it· 22 Aug 2025·
Rick Rule
mixed
He explains the trading halt as a local municipal decision and reiterates the volatility of community approvals.
In it to Win it· 22 Aug 2025·
Rick Rule
bullish
He calls it his top ASX rare-earth story but says financing must be done first.
Investing News· 10 Jul 2025·
Rick Rule
bullish
He includes it among the rare earth projects he knows and likes.
In it to Win it· 23 Jun 2025·

Sources 2 interviews

Every interview 2

DateChannelInterviewStatements
16 May 2026 Rule Investment Media Stuart Gale, Managing Director of Meteoric Resources | Rule Symposium 2026: Rick Rule interviews 18
16 Jul 2025 In it to Win it Gold to $4,000? Nomi Prins Predicts Massive Surge No claims identified

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

brazil 1
caldeira project 1
copper 1
dysprosium 1
fortescue metals group 1
gold 1
mineral resources 1
ndpr 1

Questions people ask

What is Meteoric Resources's project and where is it?

Meteoric Resources is a resource gold company, with a project stated to be in Brazil. Everything here is drawn from its executives' own interviews.

Which interviews mention Meteoric Resources?

We track 2 interviews mentioning Meteoric Resources, across 2 channels (In it to Win it, Rule Investment Media).

What are investors saying about Meteoric Resources?

14 independent voices — people who do not speak for the company — are on record discussing it (10 bullish, 2 neutral). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Meteoric Resources cover?

The most-discussed topics on record are the deposit, economics, jurisdiction, timeline — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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