Articles On Meteoric Resources (ASX:MEI)

It’s been a frustrating few months for gold bulls. As an investment hedge, gold shines during periods of poor or volatile market sentiment. It loves drama like pandemics, civil wars, or the unprecedented failure of the Lehman Brothers in 20...

It was another day of gains for the ASX led by the energy sector. The ASX 200 rose by 0.116% to close at 7,437 while the ASX Emerging Companies Index rose 0.56% to close at 2,527. Although there was an even number of winners and losers amon...

Stockhead’s Top 10 at 10, published at 10.15am 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...

Gold continues to consolidate around $US1,800/oz which, if we went back in time to July 2020, would be cause for celebration. Back then $US1,800/oz was an eight-year high and bullish sentiment was nudging even the shittiest exploration stoc...

Tolga Kumova’s taste in high-powered cars reflects his status as one of Australia’s highest profile investment success stories – it’s probably little surprise the man drives a Ferrari. What may surprise you, however, is the recent revelati...

After treading water since the start of September, the ASX 200 took a dive in Thursday trade to finish 1.90% lower. Stocks lost ground at the opening bell and kept falling throughout the day, with steady falls across the board. Local stocks...

Gold bugs would be breathing a sigh of relief this week as the price stabilises just shy of $US1,800/oz ($2,463/oz Aussie) thanks to Monday’s healthy 1.5% gain. While there are plenty of other red hot sectors attracting investor dollars rig...

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

The gold price itself had 12 months of consolidation. Now we are entering a new stage of a bull market which Barry Dawes of Martin Place Securities believes “will take it much, much higher”. In the big scheme of things, the pullback we have...

On Sunday, a chaotic ‘flash crash’ saw the gold price plummet into the $US1600s per ounce before staging a mild recovery. Experts mostly point to a better than expected jobs report out of the US for heavy selling that saw the traditional he...

As an uncorrelated asset – value not tied to larger fluctuations in the traditional markets — gold has had “its lunch cut a bit” by crypto, PCF Capital’s Liam Twigger says. “There is an article in the last Economist asking, ‘what happens if...

The company is undertaking a 4,000 metre drill program comprising seven RC pre-collars with diamond tails and one diamond tail as re-entry of BCRC482 from the 2020 drill campaign.

A follow-up drilling program by Meteoric Resources (ASX: MEI) at the Palm Springs gold project in WA’s Kimberley region has confirmed the presence of visible gold in thick and robust zones of mineralisation, south of the project’s JORC mine...

Strong consumer buying and modest institutional investment helped create gold demand of 955.1 tonnes over Q2 – a 9% rise from Q1 2021, and in line with the equivalent period last year. While both consumers and retail investors were purchasi...

When Tolga Kumova talks, or tweets, the market listens. So news he is planning an iron ore float at a halcyon time for prices is sure to prick the ears of small cap investors. Tolga let the cat out of the bag on the BIP Show podcast this w...

Molybdenum and copper sulphides have been observed in over 600 metres of core from hole JUDD043, pointing to the presence of a potentially large mineralised porphyry copper-moly system.

As it firms up the copper potential at Juruena in Brazil’s Alta Floresta Belt, Meteoric Resources (ASX: MEI) has appointed Dr Marcelo De Carvalho to the company’s board with the responsibility of overseeing operations in the region. Meteori...

It is no longer just lip service — to create max value for shareholders, miners know they need good Environmental, Social and Governance (ESG) credentials. Failing to maintain good relationships with stakeholders (like governments, local co...

Gold had its worst month since November 2016 in June, down 7% to $US1,779/oz. Mining and exploration stocks have followed suit. This bearish trend creates a buying opportunity, experts say. Boutique investment advisory firm head Frank Holme...

“It’s a really exciting time at Meteoric as we explore the copper and gold potential of Juruena and take the next steps in developing projects on two continents,” says MD.

An “outstanding” exploration season has given Meteoric Resources (ASX: MEI) the tools to forge ahead with its flagship Juruena copper-gold and epithermal gold projects in Brazil and the Palm Springs gold project in Western Australia. Initia...

Summary The ASX 200 closed lower for the second day in a row, falling 0.32% to 7,275.30. The ASX health care and energy stocks were among top losers, while tech and consumer staples emerged as top gainers. Australian retailer Woolwort...

Initial core samples have been submitted for assay and results are expected in about six weeks.

Meteoric Resources (ASX: MEI) has hit a 200m wide zone of disseminated sulphides while drilling a “significant anomaly” at the Juruena project in Brazil. The company is drilling a deep diamond hole JUDD043 to test an anomaly identified in a...

The market giveth and the market taketh. Truer words have never been spoken with gold prices diving nearly US$100 in less than a day after the US Federal Reserve signalled higher inflation and that interest rates could rise twice by 2023. G...

The updated resource at Juruena gives the company the confidence to consider scoping studies and begin the application process for Mining Licenses over the key areas.

After unveiling a maiden resource for Palm Springs in Western Australia, Meteoric Resources (ASX: MEI) has debuted a substantial increase to resources for its Juruena project in Brazil. The Juruena resource is made up of three adjacent gold...

Gold is re-starting its bull rally as two major obstacles — higher US Treasury yields and Bitcoin — fizzle. “Strong headwinds from parabolic Bitcoin and rising bond yields appear to have run their course,” Bloomberg Intelligence senior comm...

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.