Meteoric Resources NL (ASX: MEI) is a leading Australian Exploration Company targeting Orogenic Gold and Porphyry Copper-Gold in WA and Brazil.
Meteoric acquired the Palm Springs Gold Project within the Halls Creek Orogen of Western Australia in mid 2020. Palm Springs is an advanced exploration play with past gold production of 52,000oz @ 2.1 g/t Au from the Butchers Creek Open Pit, plus spectacular drill intercepts and historic resources.
A successful initial exploration season in 2020 combined with the discovery of previously overlooked exploration and mining data from historical activities resulted in the Company completing its Global Mineral Resource Estimate (MRE) at the Palm Springs Gold Project in June 2021.
The MRE, using a 0.8g/t Au lower cut-off, contains a total of 357,000 oz of gold comprising 139,000 ounces @ 2.24 g/t Au in the Indicated category and 218,000 ounces @ 1.9 g/t in the Inferred category.
Meteoric’s 2021 field season continues to progress, with a focus on increasing the size of the MRE and converting additional ounces from Inferred into the Indicated Resource category before progressing to economic studies/prefeasibility.
At its Juruena Project in Brazil, Meteoric is targeting Gold and Copper-Gold exploration. Juruena contains a current Global Mineral Resource Estimate (JORC 2012) of 1.3Mt for 261koz Au at 6.3 g/t comprising:
– High-grade Dona Maria & Querosene resources – 436,000t @ 14.7g/t for 205,000 oz Au
– Large-tonnage, lower-grade Crentes resource with – 846,000t @ 2.0 g/t for 55,000 oz Au
Andrew Tunks Presenting at RIU Sydney Roundup 2021
Meteoric Resources listed on ASX in 2004 and in 2019 acquired a portfolio of highly prospective gold projects in Brazil. In 2020, the Company acquired the Palm Springs Project in Western Australia.
Meteoric completed acquisition of the Palm Springs project in July 2020 – the area covers more than 12,000 Ha which includes 3MLs, 4 ELs and 6PLs. The Project contains 60 known gold occurrences over a 20km strike and on the site drilling is expected to commence in August.
The Meteoric management team includes experts in the field with previous project specific experience.
The Alta Floresta Belt is arguably the most desirable gold exploration destination in Brazil. A massive land grab has been occurring since the latter half of 2017, with approximately 2.65 million hectares of copper and gold exploration permit applications being filed with the Brazilian Mining Department to date, covering virtually the entire belt.