Articles On Meteoric Resources (ASX:MEI)

ASX 200 ends flat as Small caps s wee bit lower OLL investment sparks share price surge    We’re pretty flat on Wednesday. I am, the benchmark is and so is Australia as a nation and a continent. Luckily Gregor Stronach, my trusty fiend on...

ASX 200 abandoned play after decent start Small cap index gives back 1.3% Dundas shares jump on ultramafic magic   Local markets disappointed me today. So rather than start on an ill note, let’s take a quick spin around the Asia-Pacific...

Dalaroo Metals identifies rare earth potential at the Lyons River Project in WA’s Gascoyne region Meteoric Resources completes the sale of its Juruena Gold Project in Brazil to Keystone Resources for ~$30m Latin Resources makes a new lithi...

PGM demand will remain strong until about 2025, when it will start to fall off a cliff: Metals Focus Why 2025? Because that’s when electrification of transport really kicks up a gear However, Bridge Street Capital analyst Chris Baker belie...

The ASX 200 falls 2.6%  after Wall St rout  Small caps recover manfully to be just 1% lower  AQC is turning out be a hell of a ride   Firstly, the Benchmark ASX 200 is down about 2.5% on Wednesday. It’s a fair whack, but hardly worse tha...

Fitch has downgraded its gold outlook but expects prices to remain “elevated in the coming years compared to pre-Covid levels” Contrarian argument: “It is also a sector full of M&A possibilities as gold equities haven’t been this ‘chea...

ASX 200 ends 1.4% lower Emerging Co’s index sheds 0.7% I knew IRIS Metals would do well today The S&P/ASX Emerging Companies index (XEC) fell by abut 0.7% on Wednesday. The benchmark 200 index was down 1.4%. Across the bourse (and th...

TSX listed Korara Resources finds another massive nugget stash at the Beta Hunt mine near Kalgoorlie The new discovery just below the super-rich, 30,000oz Fathers Day Vein China imported more than 80 tons (or 2.56Moz) of gold worth $US4.4b...

EVN’s Jake Klein predicts US$2-US$3,000/oz gold price for this time next year Is a wave of merger and acquisition activity coming in the ASX gold space? Bounce back in vehicle production to boost PGM demand Gold price hits a four-week high...

Gold price hits three-week high post-FOMC rates decision ASX Quarterly Gold Wrap: producers hit a low bar, investors are pleased Gold demand falls in H1 as cost-of-living pressures bite, WGC says Our Gold Digger column wraps all the news...

Gold is down 5% for July and on a broader downward trajectory, Metals Focus says Aeris Resources’ Golden Plateau deposit could extend the mine life at Cracow Golden State Mining has kicked off drilling at the Yule project in WA   Our Gold...

The US dollar looks set to reach 20-year highs, impacting gold’s safe haven status JP Morgan employees on trial in Chicago after ‘spoofing trades’ accusations PGM supply through the recycling of auto catalysts has taken a hit ‘cos Covid O...

Swiss data shows the highest total January to May bullion shipments since 2018 On a year-to-date basis US gold imports surged by 170% to 103t US also the largest destination for Swiss silver bullion, accounting for ~30% of the total; up fr...

Newmont’s Tom Palmer says gold may have found new floor of ~US$1600/oz in the wake of inflation With small gold miners are struggling with rising supply chain and labour costs, Palmer says consolidation in the sector makes sense Drilling r...

Meteoric Resources (MEI) launches its field season at the Palm Springs gold project in Western Australia The new program looks to build on progress made over the past two years, with particular focus on discovering additional mineralisatio...

The ASX is set to extend losses despite a more subdued session on Wall Street Australian bond market implies a 3.6% RBA cash rate by end of 2022 US Fed rates decision ahead tonight The ASX is poised to extend its losses this morning, afte...

A-Cap Energy (ACB) appoints Dr Andrew Tunks as CEO to lead the upcoming feasibility studies on two of its projects Dr Tunks has more than 30 years of experience, holding multiple leadership and exploration roles during this time Previously...

Meteoric Resources will sell its 387,000oz Juruena gold project for up to ~$30m Southern Cross Gold up 240% on its May 12 listing price Horseshoe Metals (copper gold) Firebird Metals (manganese), and Resource Mining Corp (nickel) up on no...

Meteoric Resources (MEI) agrees to sell the Juruena gold project in Brazil to Keystone Resources for up to US$22 million (A$30.2 million) The purchase will be made in cash in three stages and includes a two per cent gross royalty that is c...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Emerging markets index closes 2.3% lower ASX200 pretty flat, maybe ahead by 0.1% March Qtr GDP rises 0.8%   The Emerging Companies Index has got a lithium leak. We don’t where, we don’t know why. It was down more than 2.7% and has kinda...

1 gram of gold can be recovered from about 41 recycled mobile phones Mint Innovation can recover $US12,000 worth of gold from one tonne of old circuit boards Gold trades sideways at ~$US1,850/oz Our Gold Digger column wraps all the news d...

Aussie small cap index falls 1.4% The ASX200 down 1.65% Thursday is Arafura Day!   Down less than 2% and I think we can call that a win. No one likes the sight of blood and after the major Wall Street indices shed more than 3.5% a piece,...

US gold price down more than 10% or $200 from its peak But Aussie gold miners faring better due to weak AUD-USD exchange rate This week’s ASX standouts: Twenty Seven Co, OzAurum Resources Our Gold Digger column wraps all the news driving...

Mark Creasy-backed Galileo Mining explodes higher after announcing major palladium-platinum discovery Drilling now underway at Cooper Metals’ ‘Mt Isa’ copper-gold project, just 10km from Carnaby’s IOCG discovery ChemX achieves near-battery...

Gold price to hit $US2,200 as stagflation fears take hold U.S. and allies officially prohibit all transactions with Russia involving gold, one of its financial lifelines. Will it work? Gold price rebounds over past week to $US1,960/oz Our...

The recent super-toppy prices of Australia’s major commodity exports took a rare backward step today as analysts began to count the cost of China’s latest no-Covid lockdowns. The mega-miners and most of the energy names dragged heavily on T...

War gossip/news remains the main driver of gold prices. The precious metal is having one of those volatile weeks where unless they timed their entry and exit perfectly, investors probably had a tough time whether long or short, says OANDA s...

A good week for gold, which is up 1.04% to ~$US1,940/oz at time of writing. History shows us war doesn’t usually trigger an extended rally, but news flow – or lack thereof – coming out of Ukraine continues to be the biggest influence on the...

Resolution Minerals (RML) has seen a reshuffle to its executive board Dr Paul Kitto joins the board as a non-executive technical director, receiving both a director’s remuneration plus the issue of 1,250,000 performance rights Founding dir...

Investors generally buy gold as a way of diversifying risk when s..t hits the proverbial fan. That’s why the precious metal appears to perform well in times of war or political instability. Conversely, stocks and bonds perform best in a sta...

“The metallurgical test results from Composite #2 again produced outstanding results that confirm a low cost, simple 'whole of ore' flowsheet using cyanide in leach (CIL) is suitable for Butchers Creek gold-rich ore,” says MD.

Meteoric Resources (MEI) strikes gold during metallurgical test work at the Butchers Creek gold deposit in WA Samples of half core from test work completed from the sulphide zones at the Butchers Creek Gold Deposit at Meteoric’s Palm Sprin...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Alas. After teasing gold bugs with a push through $1,840/oz over the past week, we are now back below ~$US1,800/oz. Gold stocks can’t seem to catch a break. What gives? I don’t get it. PM miners didn’t even get the windfall of the market w...

The company is undertaking scoping studies at Palm Springs Gold Project, where impressive cyanide leach recoveries have been returned from tests, and at Juruena in Brazil with the primary focus on gold resources.

Global silver demand hit ~1.02 billion ounces in 2021, the first time it has breached 1 billion since 2015, according to the Silver Institute. Of that, industrial demand hit a new high of 524 million ounces. And of that, photovoltaic (solar...

Gold is holding steady above US$1,800/oz – currently trading at US$1816.60. Some players are confident the gold market will trend net positive next year as the market digests the reality of the past 24 months. But commodity analysts at J.P....

The ASX resumed trading after the Christmas break with a healthy gain of over 1%, taking it to levels not seen since early September. The ASX 200 closed at 7,510 points, up 1.21% from last Friday, a level last seen on September 8. All secto...

With gold spending most of the past week hovering around the US$1,800/oz (A$2,485/oz) mark, speculation has turned away from whether the precious metal can hold its gains to asking if it can test hit the US$1,850/oz mark. Gold is currently...

Total applications amounting to A$1,088,100 were received and the Meteoric board has determined that all 136 valid applications will be accepted in full.

Meteoric Resources (MEI) receives positive metallurgical gold recoveries for its wholly-owned Palm Springs project in Western Australia The metallurgical work was conducted as a result of recent drilling at a sulphide zone in Palm Springs...

“The most important outcome from this test-work is the high leach recovery achieved on straight 'whole of ore' leaching, which indicates the gold is well liberated and not locked up or influenced by the presence of moderate amounts of sulph...

It’s been fairly choppy for precious metals this year, with economic recovery, rising nominal yields and the potential for rate hikes dampening investors’ appetite for gold. But on the flip side, new virus variants, fears of stagflation and...

US Fed chair Jerome Powell finally admitted that inflationary pressures weren’t going to be as sh­­ort-lived as perhaps expected. Earlier this week Powell surprised markets by suggesting it would be appropriate to drop the phrase “inflation...

On a day when markets finished flat, the highlight of the day was ASX debutant Close the Loop (ASX:CLG). This company, which provides resource collection, recycling company and sustainable packaging solutions listed at 20 cents per share bu...

Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that current high inflation levels are more than ‘transitional’. Gold is an ‘inflation hedge’; an investment that ostensibly...

Following a 7.6% surge from late September, the price of gold is now sitting ~$US1,860/oz for the first time since June. The Aussie price is looking even better, which is great news for our local producers: USD (dark) and AUD (light) gold p...

Highlights Some stocks have eroded a huge chunk of their value in less than a year’s time. This huge underperformance makes them a questionable investment for the near future. ATU, MEI, MDI etc. are some of the worst ASX performers to...