Imagine mining iron, nickel and cobalt from asteroids. It may sound impossible, but it isn't quite that. US researchers are investigating two metal-rich near-Earth asteroids, or NEAs, to learn more about their origins, compositions and relationships with meteorites found on Earth.

These metal-rich NEAs were thought to be created when the cores of developing planets were catastrophically destroyed early in the solar system's history, but little more is known about them.

A team of researchers from the University of Arizona studied asteroids 1986 DA and 2016 ED85 and discovered that their spectral signatures are quite similar to asteroid 16 Psyche — the largest metal-rich body in the solar system.

Psyche, located in the main asteroid belt between the orbits of Mars and Jupiter rather than near-Earth, is the target of NASA's Psyche mission.

"Our analysis shows that both NEAs have surfaces with 85 per cent metal such as iron and nickel and 15 per cent silicate material, which is rock," said lead author Juan Sanchez, who is based at the Planetary Science Institute.

"These asteroids are similar to some stony-iron meteorites such as mesosiderites found on Earth," Sanchez said.

Astronomers have been speculating as to what the surface of Psyche is made of for decades. By studying metal-rich NEAs that come close to the Earth, they hope to identify specific meteorites that resemble Psyche's surface.

The study, published in the Planetary Science Journal, also explored the mining potential of 1986 DA and found that the amount of iron, nickel and cobalt that could be present on the asteroid would exceed the global reserves of these metals.

In addition, when an asteroid is catastrophically destroyed, it produces what is called an asteroid family — a bunch of small asteroids that share similar compositions and orbital paths.

The team used the compositions and orbits of asteroids 1986 DA and 2016 ED85 to identify four possible asteroid families in the outer region of the main asteroid belt, which is home to the largest reservoir of small bodies in the inner part of the solar system. This also happens to be the region where most of the largest known metallic asteroids including 16 Psyche reside.

"We believe that these two 'mini Psyches' are probably fragments from a large metallic asteroid in the main belt, but not 16 Psyche itself," said David Cantillo, from the varsity's Department of Geosciences. "It's possible that some of the iron and stony-iron meteorites found on Earth could have also come from that region in the solar system too."

(With inputs from IANS)