METEORIC RESOURCES NL — Capital/Financing Update 2005

Dec 7, 2005

ASX Release 8 December 2005

ASX code: MEI

HIGHEST GRADE HITS TO DATE AT HARRODS

A 269-hole, 14,597m RAB drilling programme has been completed at Harrods returning high-grade gold intercepts of up to 4m at 20.9g/t (including 1m at 75.3g/t) and 8m at 29.9g/t (including 4m at 56.4g/t). The drilling was following up previous widespread gold intersections obtained in wide-spaced RAB drilling on the large 2.4km-long bedrock anomaly surrounding the Harrods Central mineralisation. 4m composite sample results have been received from most of the recent drilling (programme hole sequence WDRB 626-894) with only some of the 1m re-sampling results available. Significant assay results to date are summarised in the attached table

The drilling results indicate the presence of significant repetitions of Harrods-style mineralisation, particularly to the south of Harrods Central. The mineralisation is characterised by ENE-striking, sediment-hosted quartz veins and stringers within a broad north-trending corridor some 2.4km in length and up to 500m in width. The highgrade intercepts were obtained at the southern end of the mineralised zone and in a western extension of Harrods Central. The latter intersection, together with adiacent RAB intersections, extends the Harrods Central mineralisation a further 50m to the west. The recent drilling has now closed the drill line spacing to 100m over most of the anomalous Harrods corridor and is anticipated to define numerous targets for RC drilling. Assay results from the remainder of the programme are expected to be available in January 2006, after which an updated map of the drilling results will be released.

In addition, a 13-hole, 1,500m RC drilling programme has started at Harrods Central with the aim of testing interpreted positions of higher grade mineralisation and also the recently identified western extension. A detailed cesium vapour magnetometer survey is also being carried out over the Harrods corridor to assess possible stratigraphic controls of mineralisation.

Meteoric's Wilthorpe project, which also hosts the Cartier prospect some 2km south of Harrods Central, is situated about 25km south of the 1Moz Fortrum gold mine where Gleneagle Gold has recently announced a 1Moz resource - see attached location map. Meteoric is close to earning a 90% interest in Wilthorpe from Image Resources (Image retaining a 1% gross royalty) and is currently focussed on assessing the resource potential of this large mineralised system.

For more information on the company visit www.meteoric.com.au

Please direct enquiries to: Roger Thomson Managing Director Phone (08) 9485 2836 Mob 0419 969 183

George Sakalidis Executive Director - Exploration Phone (08) 9485 2836 Mob 0411 640 337

The information in this report that relates to exploration results is based on information compiled by Roger Thomson BSc. ARSM, who is a Member of the Australian Institute of Geoscientists. Roger Thomson is an employee of Meteoric Resources NL. Roger Thomson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the 'Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Roger Thomson consents to the inclusion of this information in the form and context in which it appears in this report.

	Collar Coordinates		From	Τo	Interval	Gold Grade
Hole No	Е	N	m	m	m	g/t
WDRB 629	6104	2948	16	$\overline{20}$	$\overline{4}$	0.9
WDRB 630	6100	2923	44	58	14	$\overline{1.3}$
WDRB 633	6300	3160	4	$\overline{8}$	4	3.1
			$\overline{72}$	74	$\overline{2}$	$3.3$ eoh
WDRB 634	6302	3125	44	48	$\overline{4}$	0.7
WDRB 642*	6500	3285	49	50	1	1.0
			72	73	$\ddagger$	1.2
			86	87	$\overline{\mathbf{1}}$	1.0
			104	105	$\overline{1}$	1.1
WDRB 644*	6500	3225	19	21	$\overline{2}$	3.1
			39	40	$\overline{\mathbf{1}}$	$\overline{1.5}$
			63	64	$\ddagger$	1.8
			107	108	1	1.3
WDRB 645*	6500	3160	26	30	4	20.9
		Including	26	$\overline{27}$	$\overline{\mathbf{1}}$	75.3
			41	$\overline{42}$	$\overline{\mathbf{1}}$	1.4
			$\overline{57}$	60	$\overline{\overline{3}}$	1.6
			67	68	$\ddagger$	1.0
WDRB 646*	6500	3120	35	36	1	1.0
WDRB 650*	6700	3320	29	30	1	1.0
			39	41	$\overline{2}$	1.7
WDRB 651*	6700	3290	47	48	$\overline{1}$	$\overline{1.5}$
WDRB 652*	6700	3265	$\overline{38}$	39	$\overline{1}$	8.1
			78	79	1	4.0
WDRB 680	6860	3768	$\overline{32}$	36	$\overline{4}$	0.9
WDRB 681	6860	3738	12	16	$\overline{\mathbf{4}}$	1,4
WDRB 699	6660	4435	40	48	8	1,8
			52	62	$\overline{10}$	$1.3$ eoh
WDRB 714	6600	4460	$\overline{52}$	56	$\overline{4}$	1.0
WDRB 721	6600	4523	47	50	$\overline{\overline{3}}$	$2.8$ eoh
WDRB 757	6700	4626	$\overline{28}$	$\overline{32}$	$\overline{4}$	1.0
WDRB 797	6460	4397	36	40	$\overline{4}$	$\overline{2.7}$
WDRB 799	6460	4355	44	48	4	1.3
WDRB 801	6460	4309	16	20	4	1.1
WDRB 802	6460	4283	$\overline{16}$	$\overline{20}$	$\overline{4}$	1.2
WDRB 803	6460	4263	$\overline{4}$	$\overline{12}$	$\overline{8}$	2.3
			$\overline{28}$	36	$\overline{\mathbf{8}}$	29.9
		including	28	$\overline{32}$	$\overline{4}$	56.4

HARRODS NOVEMBER 2005 RAB DRILLING PROGRAMME PRELIMINARY RESULTS

4m composite samples unless shown otherwise, uncut
* 1m sample, uncut
Drill azimuth 180°, dip -60°

eoh; end of hole

Samples analysed using an aqua regia digestion followed by solvent extraction and flame atomic absorption spectrometry

WILTHORPE - REGIONAL SETTING