Articles On Meteoric Resources (ASX:MEI)

Growing concerns about inflation could send gold prices soaring back above the US$2,000 ($2,746) an ounce mark it last reached back in 2020. Prices of the precious metal have already been rising steadily over the past fortnight, up some 3.7...

A global carbon taxation regime could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions, Metals Focus says. Some countries, such as Canada and Sweden, already impose carbon taxes and th...

ASX Capital Raise Roundup is a fortnightly look at ASX capital raisings. We continue to harp on the inflation thematic because we are running at a red-hot pace. The September Personal Consumption Expenditures (PCE) index came in at a 30-yea...

Meteoric Resources (MEI) gets firm commitments to raise $1.7 million to fund ongoing activities at its Palm Springs and Juruena projects The $1.7 million placement includes the issue of up to 100 million shares, priced at 1.7 cents, to sop...

“As we approach the close of 2021 the company has commenced significant studies on both its core projects,” MD Andrew Tunks said.

While you were watching the Melbourne Cup the ASX retreated, the RBA hinted an interest rate hike could be coming sooner than 2024, and a new IPO gained 165%. The ASX 200 closed at 7,324 points – 0.63% down from yesterday. The best sector w...

The ASX 200 rose 0.64% on the first trading day of the month. All sectors were in the green except financials – a sector dragged down by Westpac (ASX:WBC) following its results. The best sectors were consumer discretionaries, telcos and uti...

Meteoric Resources (MEI) starts the week off in a trading halt, as it gets ready to raise some much-needed capital The exploration business ended the September quarter with $2.24 million in the bank, enough cash to keep running for another...

The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments. Westgold (ASX:WGX) looks increasingly likely  to hoover up struggling producer Gascoyne...

“The final results from this drilling will be fed into the preliminary economic studies we are planning which include metallurgy, pit optimisation and underground studies,” says MD.

"Exploration for Tier 1 Porphyry copper deposits such as our target at Juruena is high-cost, high-risk exploration and on this basis, we have decided to seek a major partner to further advance this obvious and exciting opportunity,” says MD...

Meteoric Resources (MEI) releases results from a recently completed diamond drilling program, testing the at depth gold-copper potential of an anomaly at Juruena The three-hole program has found significant thickness of copper, greater tha...

Gold stocks are cheap, experts keep saying. Well-known analyst Jesse Felder has now demonstrated the “pathetic performance” of the US gold majors in handy chart form. The US listed BANG stocks (Felder’s play on FANG) include gold giants Bar...

The +9Moz, ~350,000ozpa ‘Kyuchus’ field will be one of Russia’s biggest gold mining projects. Kyuchus was first discovered in 1963, but its isolation in the harsh Arctic climate of the Yakutia region has, so far, stymied numerous developmen...

Investors want to see gold miners wisely grow their production profile. Not like miners did during the last cycle, when some irrational, highly priced M&A action destroyed significant wealth. The big gold miners have a “lousy recent his...

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

There is a lot of uncertainty in the market due to tensions in China, rising interest rates and continuing economic recovery of the global COVID-19 pandemic, with investors fleeing for safe havens to park their cash in. Safe havens like gol...

The company increased its overall gold resources after exploratory drilling was completed at the newly acquired Palm Springs Project in Western Australia.

The valuations of major gold miners remain weak despite falling debt and record dividends, according to the latest Metals Focus Gold Peer Group Analysis. Australia’s largest gold miners Newcrest (ASX:NCM), Northern Star (ASX:NST), and Evolu...

The company’s latest drilling expedition confirms the presence of thick gold mineralisation zones at Palm Springs, enhancing the project’s anticline hinge zone target.

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...