Does anybody have more info about this item (resistance material/alloy etc.)?
That is a manganin meter shunt, designed to work with some specific (H&B) moving coil instrument. Don't expect it to be accurate when connected to a modern high input resistance digital multimeter.
Can it be used for metrological purpose?
Not metrology grade, but there are a few easy to do improvements:
1. Enlarge the binding post mounting holes, so that the resistive element is free to expand when warming up.
2. Prepare flexible fixed cabling which you never disconnect at the shunt end. Change in the thumb screw torque can introduce a change up to several hundred ppm.
3. Put it in mineral oil. That will help with the small size / heat dissipation area, but also gives you much better control over the probably not so optimal TC.
Which meaning has the "2 on a star" mark?
Insulation test voltage class.
Which meaning has the "0.005A" labeling?
The moving coil instrument full range.