METEORIC RESOURCES NL — Board/Management Information 2018

Apr 8, 2018

9 April 2018

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RESIGNATION OF DIRECTOR

Meteoric Resources NL (ASX: MEI; “Meteoric” or the “Company”) advises of the resignation of Mr Graeme Clatworthy as a Director of the Company. Mr Clatworthy has been a director since November 2012 and the board wishes to sincerely thank Mr Clatworthy for his contributions as both an executive and non-executive during this period and wish him every success in his future endeavours.

Contact

Dr. Andrew Tunks

Managing Director M +61 400 205 555 E ajtunks@meteoric.com.au

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Appendix A – Rock Chip Sample Locations – Gillies Cobalt Project, Ontario Canada

Sample no	Coordinates	**Coppm **	**Nippm **	**Cuppm **
HCC-16-01	17 T 598609 5239810	>10000	>10000	2380
HCC-16-02	17 T 600329 5239547	71	140	151
HCC-16-03	17 T 598524 5239743	39	54	35
HCC-16-04	17 T 598586 5239832	45	23	125
34464	17 T 598626 5239794	216	72	898
34465	17 T 601049 5237231	23	66	3
34466	17 T 598544 5239734	44	17	54
34467	17 T 598639 5239774	7250	1240	486
34468	17 T 598613 5239766	3680	1210	5870
34469	17 T 598637 5239761	316	213	106
34470	17 T 598641 5239766	3200	1810	222
34471	17 T 598626 5239775	6040	1135	1400
34472	17 T 598647 5239763	3320	7880	461
34473	17 T 598649 5239759	15650	34400	43

Appendix B – Tenement Numbers – Gillies Cobalt Project, Ontario Canada

Tenement Numbers 1140510 3007492 4243947 4262043 4268283 4268296 4268297 4272024 4273067 4273068 4275157

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JORC Code, 2012 Edition – Table 1 report

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	Commentary
Sampling techniques	Rock-chip samples were taken by experienced and competent person.
	Samples were analysed by AGAT Laboratories located in Ontario, Canada.
	The samples were analysed using aqua regia digest (metals package) using an ICP-OES finish.
	AGAT Laboratories is a fully accredited lab and complies with international standards ISO 9001:2000 and ISO
	17025:2005
Drilling techniques	N/A
Drill sample recovery	N/A
Logging	N/A, as the material collected were rock chips.
	Recording of data at individual rock chip sampling sites was qualitative with visual observations based on the
	judgement of an experienced sampler.
Sub-sampling techniques	Samples can be considered in-situ rock chip samples; the samples were dry.
and sample preparation	As the sampling programme was designed to provide geochemical analysis of the covered areas on the
	project the method used to collect the samples is considered appropriate. The sample preparation
	techniques used are based on global industry standard techniques. No duplicate field samples were collected
	with the sample size is considered appropriate.
Quality of assay data and	The samples were assayed by AGAT Laboratories, a fully accredited lab that complies with international
laboratory tests	standards ISO 9001:2000 and ISO 17025:2005.
	AGAT Laboratoriesperformed internal QAQC, values fell within acceptable range.
Verification of sampling	Rock chip sample data was recorded on the sample field sheet. This data includes the UTM location of the
and assaying	sample site; sample number.
	The data was then created on a master spreadsheet for the samples. An Excel spreadsheet with all sample
	numbers was received electronically by the labs and was compiled into an analytical excel database.
	No adjustments were made to the assaydata.
Location of data points	There are no mineral resources on this property.
	Sample locations were recorded using a Garmin handheld GPS; accuracy of ± 3m. They were recorded in UTM
	NAD83 Zone 17N.
Data spacing and	Samples were collected based on geology at approximately 15 m intervals, focussing on the paleoproterozoic
distribution	polymetallic high-grade silver-cobalt veins
	Sample compositing was not used.
Orientation of data in	Samples were conducted at right angles to controlling structures
relation to geological
structure
Sample security	The samples were put into calico bags, with the sample number written in black marker. The samples were
	then put into a packsack for transportation.
	These bags were sealed and transported back to AGAT Laboratories in Mississauga Ontario, Canada.
Audits or reviews	No audits or reviews have been conducted by consultants, other than an internal review undertaken by
	Meteoricpersonnel.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	Commentary
Mineral tenement and	The Gillies Project contains 2 unpatented claims (4273067; 4273068; 3007492; 4243947; 1140510; 4268297;
land tenure status	4262043; 4268296; 4272024; 4268283; 4275157) that comprise the Gillies Cobalt Project in Ontario, Canada.
	The Company has entered into a binding tenement sale agreement to acquire 100% of the exploration rights
	over the Gillies Limitproject claims. The acquisition is conditional upon completion of due diligence bythe

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Criteria	Commentary
	Company to its satisfaction and regulatory approvals.
	The consideration for the acquisition comprises:
	• An initial payment on Completion of CAD$50,000 and CAD$50,000 in MEI Shares, calculated on the 10
	day vwap of MEI’s Shares prior to Completion, and a 2% net smelter royalty;
	• Three additional payments, on the 1st, 2nd and 3rd anniversaries of Completion, of CAD$30,000 and
	CAD$30,000 in MEI Shares, calculated on the 10 day vwap of MEI’s Shares prior to each anniversary
	(Milestone Payments); and
	• Introduction fees of CAD$5,000 and 1,000,000 MEI Shares
	The Company may terminate the agreement at any time, following which the obligation to make the
	Milestone Payments ceases.
	No known impediments exist with respect to exploration on the Mulligan Project.
Exploration done by	We have acknowledged that other individuals have done historical exploration on the properties but cannot
other parties	confirm results.
Geology	Paleoproterozoic polymetallic high-grade silver-cobalt vein style mineralisation like that historically mined at
	Cobalt, Ontario.
Drill hole Information	No drilling is reported in this release
Data aggregation	No data was aggregated
methods
Relationship between	The lack of drilling precludes relationships between intercepts and true widths.
mineralisation widths
and intercept lengths
Diagrams	See body of report
Balanced reporting	All known work reported
Other substantive	No other data exists
exploration data
Further work	Further exploration work will include geochemical sampling, ground based gradient array IP survey and
	magnetic survey; and if appropriate drilling of defined targets within the claims.

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