METEORIC RESOURCES NL — Capital/Financing Update 2014

Oct 7, 2014

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ASX Release

ASX Codes: MEI and MEICA

8 October 2014

Ground Floor 22 Delhi Street West Perth WA 6005 PO Box 963 West Perth WA 6872 Telephone: 08 9485 2836 Facsimile: 08 9321 6571 www.meteoric.com.au

ABN 64 107 985 651

DRILLING PROGRESS UPDATE AT BLUEBIRD PROSPECT

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The Directors of Meteoric Resources NL ( Meteoric ) are pleased to announce that the company’s joint venture partner Blaze International Ltd ( ASX:BLZ ) have made an ASX announcement and media release in relation to their drilling progress at the joint ventured Bluebird Prospect.

Under the terms of the joint venture, Blaze has the right to earn up to an 80% interest in the Barkly Project.

A copy of the release made by Blaze is attached.

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

Please direct enquiries to:

Graeme Clatworthy George Sakalidis Executive Director Non-executive Director Phone +61 8 9485 2836 Phone +61 8 9485 2836 Mob 0418 902 341 Mob 0411 640 337

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ASX ANNOUNCEMENT & MEDIA RELEASE

0 8 October 2 014

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DR ILLING PRO GRE SS UPDATE BLUEBIR D PR OSPECT

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Figure 1 –Bluebird Prospect, Te n nant Creek, lo o king south we s t. Diamond rig (right) and RC rig (left) in acti o n on phase II drillin g .

HIGHLIGHTS

• RC component of phase II drilling completed and samples submitted to laboratory

• Diamond drill component in progress

• Assay results from RC drilling expected in the coming weeks

D R I L L P R O G R A M U P D A T E

The RC compo n ent of phas e II drilling a t Bluebird was completed on sched u le and on b u dget, with 8 holes dril l ed for a tot a l of 1354m. Two of the holes were pre-collars f o r the diam o nd rig and a further th r ee did not p enetrate thr o ugh to the h igh grade g old target p o sition. The s e five hol e s will be di a mond tailed in the coming weeks ( F igure 2). BBDD0003, w as designe d as a pre-collar but w a s complete d by RC drill i ng due to a breakdown a nd subseq u ent delay with the dia m ond drill rig.

All R C one me t re composite samples w ere scann e d with a h a ndheld XR F analyser t o map roc k types and a lteration, a n d to deter m ine which s a mples wer e suitable fo r assay. A t o tal of 336 anomalous samples w e re submitt e d to the la b oratory fro m all the hol e s drilled, despite onl y three hole s penetrating the lower h igh-grade g o ld contact p osition. Re s ults are ex p ected in t h e coming w e eks.

The diamond d r illing comp o nent of ph a se II has progressed slower than a nticipated d ue to me c hanical iss u es with th e diamond r i g. A major engine failure delaye d drilling by three we e ks. A repla c ement engine has no w been fitted and the ri g is operati n g at full ca p acity.

Blaze International Limited ( A BN 15 074 7 2 8 019) 1st Floo r , 8 Parliamen t Place, West P erth, WA 600 5 • PO Box 1618, West Perth, WA 6872 t: +61 8 9481 7833 • f: +61 8 9481 7835 • www.blazelimited.com.a u

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BB D D0006 is n ow comple t e and BB D D0004 is i n progress. Phase II diamond drilling is sch e duled for c o mpletion by late October.

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Figure 2 – Long section of Bluebird, lo o king north, sho w ing recent drilling, historic dri l ling, planned
drilling, a nd geological i n terpretation
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Thi s drilling pro g ram is desi g ned to follo w -up on the previously a n nounced s t andout hole s from the f irst progra m ;

• BBDD‐2: 20m at 8.17g/t Au, 0.61% Cu and 0.22% Bi from 157m including 4 metres at 37.9g/t Au, 0.66% Cu and 0.80% Bi from 169m); and

 BBRC‐5: 25m at 1.9% Cu and 0.3g/t Au from 69m including 4 metres at 8.99% Cu and 1.06g/t Au from 74 metres).

Not e that thes e results w e re announ c ed previou s ly on 17 J u ne 2014 a nd 23 July 2014 res p ectively.

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The aim of the f ollow-up dr i lling progra m is to ena b le the esti m ation of an initial JORC 2012 min e ral resourc e estimate for the Blue b ird Prospe c t and to assist in the a ssessment of the eco n omics of a p otential mi n ing project a t the site.

B A R K L Y C O P P E R - G O L D P R O J E C T

Bla z e Internati o nal Limited is in a F arm-In Joi n t Venture Agr e ement wit h Meteoric Resources NL over t he highly pro s pective Barkly Copper-Gold Project . Blaze h a s the right to e arn up to a n 80% inte r est in the p roject. The project is loc a ted around 3 0 km east o f the town of Tennant C r eek in the Nor t hern Territo r y (Figure 9).

The Bluebird c opper-gold Prospect a t the Bar k ly Project co m prises a 1. 6 km-long gr a vity ridge o p en to the e ast where sha l low geoche m ical drillin g by Meteori c Resource s identified a 6 00m-long c opper an o maly, also open to the east. Pre v iously rep o rted follo w -up drillin g confirmed Tennant Cre e k-style c o pper-gold mineralisati o n associ a ted with iron s tone. The ironstone s and min e ralisation are often discordant to th e host sedi m ents and a re consider e d to be a hig h -grade var i ant of the iron oxid e -copper-gold (IOCG) dep o sits found i n Proterozoi c terranes in Australia.

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Figure 4 – L ocation of the Barkly Cu-Au Proje c t

As p art of the e a rn-in to the Barkly Proj e ct, Blaze h a s recently c o mpleted a n RC and di a mond drilling program targeting co p per-gold m i neralisation at the Bluebird Prospec t .

Competent Person Declaration

The i nformation in t his report that relates to Exp l oration Result s , Mineral Res o urces or Ore R eserves is ba s ed on infor m ation compile d by Luke Mar s hall, who is a full time empl o yee of Golde n Deeps Limite d , consulting t o Blaze Inter n ational Limite d , and a me m ber of The A u stralasian Ins t itute of Geos c ientists. Mr M arshall has s u fficient experience that is r e levant to the st y le of mineralis a tion and type o f deposit unde r consideration a nd to the acti v ity that he i s undertaking t o qualify as a C ompetent Pe r son as define d in the 2012 E dition of the “ A ustralasian C o de for Rep o rting of Explor a tion Results, M ineral Resour c e and Ore Re s erves”. Mr Marshall consents to the inclusio n in the repo r t of the matter s based on his i n formation in th e form and con t ext in which it a ppears.

The Company conf i rms that it is n ot aware of a ny new information or data t h at materially a ffects the information inclu d ed in the ori g inal market a n nouncements. The Company confirms tha t the form an d context in w h ich the Com p etent Person’s findings are presented have not be e n materially modified from the original market announcements.

Forward-Looking Statements This document ma y include forwa r d-looking stat e ments. Forwar d -looking state m ents include, but are not li m ited to, statements concerning Blaze Inter n ational Limited ’ s planned expl o ration progra m me and other s tatements that are not histo r ical facts. Wh e n used in this d ocument, the w ords such as "could," "plan," "estimate," "e x pect," "intend, " "may”, "pot e ntial," "should, " and similar e xpressions ar e forward-looki n g statements. Although Blaz e International Limited belie v es that its ex p ectations refle c ted in these f o rward-looking s tatements are reasonable, s u ch statements involve risks and uncertainties and no ass u rance can be g iven that actu a l results will be consistent wit h these forward - looking statements.

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