Articles On Meteoric Resources (ASX:MEI)

Gold’s rally ran out of puff this week, with the precious metal dropping about 2% below ~$1US1,870/oz at Thursday close. Kitco’s Jim Wyckoff calls it “routine profit taking”. “Importantly, the price uptrend in gold on the daily chart remain...

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 (ASX: MEI) has delivered a maiden resource for its Palm Springs gold project in Western Australia’s Kimberley “well ahead” of schedule. The mineral resource is based on the Butchers Creek and Golden Crown targets and tota...

Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz. That’s a four month high, erasing almost all of 2021’s losses. The share prices of local gold stocks have responded in kind. Over the past month...

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.

A minor technical hitch has not been enough to dampen the enthusiasm of Meteoric Resources (ASX: MEI) as it drills a new and highly-prospective zone at its Juruena copper-gold project in Brazil. Activity was temporarily halted this month af...

Drilling will feed into additional resource estimation work and mining studies expected to commence in the second half of 2021.

Meteoric Resources (ASX: MEI) on Friday began drilling the first of an initial 10 holes its Palm Springs gold project as it launched its 2021 exploration following the end of the northern wet season. The drilling program at Palm Springs, lo...

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...

The recovery in the gold price from its early March lows — ~$1,670s to over $1,825 currently — was mostly driven by the decline in real interest rates and, more recently a poor US jobs report and increasing inflation. US core inflation in A...

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”.

Exploration company Meteoric Resources (ASX: MEI) has reported the first drillhole to test a giant IP (induced polarisation) chargeability anomaly at the Juruena copper-gold project within Brazil’s Alta Floresta Belt has reached 841 metres...

“When you stop growing you start dying,” is a saying the ASX’s largest gold miners have apparently taken to heart. While hopefully remaining cognisant of the expensive, value-destroying deals which occurred when gold last peaked in the 2010...

The gold price traditionally thrives on geopolitical drama. Heightened tensions in eastern Ukraine, the recent incident at an Iranian nuclear site, and news of an unofficial US delegation visiting Taiwan are recent reminders that 2021 will...

Drilling on the Palm Springs Gold Project mining licence and pit de-watering is anticipated to begin in May.

Gold continues to trend upwards on the back of US dollar’s ongoing weakness and concerns about inflation, so it’s unsurprising that the majority of gold plays on our watchlist have marked gains this week. The previous metal is currently tra...

The gold price may have languished slightly in 2021, but the number of gold IPOs certainly has not. Here’s what the newest ASX gold explorers are doing, where they are doing it, and why investors should care.   KINCORA COPPER (ASX:KCC) The...

Strange to think that it is a year since the world was turned upside down when the World Health Organisation declared COVID-19 a worldwide pandemic in mid-March 2020. In the week that followed the price of gold tumbled nearly $US200 to $US1...

A recent round of support for gold has seen the price consolidate above $US1,700 an ounce. However, with policy support from central banks, US stimulus and employment growth — underpinned by big infrastructure projects — you’d “expect gold...

Exploration company Meteoric Resources (ASX: MEI) has confirmed that a deep drilling program immediately below the high-grade Juruena gold deposit within Brazil’s Alta Floresta Belt has reached the tip of a giant copper-gold rich porphyry t...

“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.

Exploration company Meteoric Resources (ASX: MEI) has commenced a drilling campaign at the Juruena copper-gold porphyry target within Brazil’s Alta Floresta Belt. Comprising three drill holes (each averaging 1200 metres depth) for a total 3...

Summary Penny stocks can deliver multi-bagging returns to investors, primarily because they are undiscovered and high growth companies.  While there is a high probability of better returns, these companies are also highly-risky investm...

A series of “outstanding” assay results from the final holes of a maiden drilling program at the Palm Springs gold project in WA’s Kimberley region have extended the continuity of mineralisation for owner Meteoric Resources (ASX: MEI). A to...

A series of “outstanding” assay results from the final holes of a maiden drilling program at the Palm Springs gold project in WA’s Kimberley region have extended the continuity of mineralisation for owner Meteoric Resources (ASX: MEI). A to...

A series of “outstanding” assay results from the final holes of a maiden drilling program at the Palm Springs gold project in WA’s Kimberley region have extended the continuity of mineralisation for owner Meteoric Resources (ASX: MEI). A to...

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.

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.

Drilling is about to begin at the Juruena gold deposit in Brazil with a cashed-up Meteoric Resources (ASX: MEI) targeting a potential “giant” copper-gold porphyry system that is understood to lie beneath the epithermal deposit there. An ini...

The company is planning significant exploration programs at its Palm Springs Gold Project in Western Australia, and the Juruena Copper-Gold Project in Brazil.

A successful maiden drilling program by Meteoric Resources (ASX: MEI) at its newly-acquired Palm Springs gold project in WA’s Kimberley region has uncovered multiple wide and high-grade gold intercepts and extended the project’s mineralised...

For goldies, 2020 was a year when good news was rewarded, and great news celebrated. The precious metal has gained about 22 per cent year-to-date despite treading water since mid-August. And there’s a strong chance 2021 will start off with...

‘Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director and responsible executive at Perth-based financial services pro...

Summary Meteoric Resources (ASX:MEI) has received strong support for its A$4 million placement. The capital raised will be used for exploration activities at the Palm Springs and Juruena projects. Meteoric Resources NL (ASX:MEI) ha...

The Meteoric Resources NL (ASX: MEI) share price lived up to its name today, surging up 6.35% to close at 6.7 cents. This reflects a 120% boost year-to-date and follows the company’s positive announcement on its capital raising. In compari...

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.

Retail giant Gerry Harvey and high-profile investors Tolga Kumova and Keith Biggs have together pumped $4 million into Meteoric Resources (ASX: MEI) and its gold hunt in the Kimberley and copper-gold exploration in Brazil. It is understood...

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.

Preliminary results from exploration at Meteoric Resources’ (ASX: MEI) Juruena gold project in Brazil have detected the presence of a large, high-response chargeability anomaly believed to be strongly indicative of disseminated sulphides. G...

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.

Perth-based explorer Meteoric Resources (ASX: MEI) has confirmed a gold system along the southern extension of the Palm Springs project in WA’s Kimberley region has grown substantially, with mineralised zones confirmed along 700 metres of s...

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.

While retaining its exposure to nickel and copper via a substantial holding in Rafaella Resources (ASX: RFR), Meteoric (ASX: MEI) is now freed up to focus entirely on its gold projects. In August, Meteoric revealed it was selling its Midrim...

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.