2110 GMT - A key attraction of Lynas Rare Earths's all-share acquisition of Meteoric Resources is the ability to access more heavy rare earths, suggests Jefferies. Meteoric owns the Caldeira rare-earths project in Brazil's Minas Gerais state. Jefferies models first production in FY34. Analyst Mitch Ryan notes a definitive feasibility study for Caldeira pointed to output of dysprosium and terbium of some 127 tons/year. That adds a material second heavy rare earth feed source alongside Lynas's existing Mt Weld project. "Our model reaches 151 tons/annum at run rate, 64% of Mt Weld's modelled 235 tons/annum," Jefferies says. "Diversification and potential exposure to separated heavy rare earth pricing support the strategic case, subject to mine delivery and sufficient downstream capacity."