METEORIC RESOURCES NL — Capital/Financing Update 2015

Sep 22, 2015

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23 September 2015

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

Dear Shareholder

NOTIFICATION OF CALL ON PARTLY PAID SHARES

Meteoric Resources NL (the Company ) is seeking to raise up to $5,500,945.40 by way of a first and final call of $0.20 per share on the quoted partly paid shares (the Call ). Call amounts are due and payable by 14 October 2015. A personalised Call Notice will be sent to each shareholder holding partly paid shares in the Company with instructions on the amount due and how to make the relevant payment.

Forfeiture of Shares Resulting from Non-Payment of the Call

In the event of non-payment, the shares may be forfeited or sold without forfeiture to enforce any lien which the Company has over them in accordance with the Company’s Constitution as the directors’ determine. Forfeited shares may be offered for sale by public auction within six (6) weeks after the Call becomes payable. The Company will give notice of any public auction in accordance with the Corporations Act 2001 (the Act ) and the ASX Listing Rules (the ASXLR ).

Indicative Timetable

The indicative timetable for the Call is as follows:

Event	Date
Company announces call date and amount	16 September 2015
Company gives draft documents to ASX	16 September 2015
The later of: The Company sending call notices to all holders on whom the Call is made; or The Company notifying ASX of extension of call date (if required)	23 September 2015
Last day for trading partly paid call unpaid shares	13 October 2015
Call due and payable – deferred settlement commences (MEICA paid up to $0.20)	14 October 2015
Last day for Company to accept transfers of partly paid shares call unpaid	20 October 2015
Issue date – Last day to enter the call paid on the securities into the register	27 October 2015

Please note that the timetable is subject to change. The Company reserves the right to vary the timetable without notice, subject to the Act, ASXLR and other applicable laws.

Page 1

Share Price Information

In accordance with the requirements of paragraph 4.1 of Appendix 6A of the ASXLR, the Company provides the following information:

Detail	Date	Share Price
The latest available market price of fully paid ordinary shares (MEI) in the Company immediately before the Company told ASX that it intended to make the call	15.9.2015	$0.008
The latest available market price of partly paid ordinary shares (MEICA) in the Company immediately before the Company told ASX that it intended to make the call	15.9.2015	$0.001
Market price of fully paid ordinary shares (MEI) in the Company (being the last trading day prior to the date of this notice)	22.9.2015	$0.008
Market price of partly paid ordinary shares (MEICA) in the Company (being the last trading day prior to the date of this notice)	22.9.2015	$0.001
During the three months immediately preceding the date of the notice, the highest market price of fully paid ordinary shares (MEI) in the Company	9.7.2015	$0.009
During the three months immediately preceding the date of the notice, the highest market price of partly paid ordinary shares (MEICA) in the Company	Untraded during period	Last price traded $0.001
During the three months immediately preceding the date of the notice, the lowest market price of fully paid ordinary shares (MEI) in the Company	19.8.2015	$0.008
During the three months immediately preceding the date of the notice, the lowest market price of partly paid ordinary shares (MEICA) in the Company	Untraded during period	Last price traded $0.001

Financial Information

In accordance with the requirements of paragraph 4.1 of Appendix 6A of the ASXLR, the Company provides the following information:

• The amount spent on exploration (net of recoveries) and administration since the date of the last audited financial statements being 30 June 2014 is $492,593; and

The Company intends to use the funds for exploration of existing projects, investigating new opportunities and for general working capital.

Geological Data

The Company does not currently have any additional geological data to disclose.

Geological Program

No additional exploration programs have been developed other than those already advised.

Directors’ Disclosure

The directors of the Company do not intend to pay the Call on any part of their holding.

If you have any questions about the Call, you should consult your accountant, stockbroker, legal or other professional adviser before deciding to invest.

Yours faithfully

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R Tieleman Company Secretary

Page 2

CALL NOTICE – CONTRIBUTING SHARES

THIS DOCUMENT IS IMPORTANT. IF YOU ARE IN DOUBT AS TO HOW TO DEAL WITH IT, PLEASE CONTACT YOUR STOCK BROKER OR LICENSED PROFESSIONAL ADVISOR.

REGISTERED OFFICE:

GROUND FLOOR 22 DELHI STREET WEST PERTH WA 6005 AUSTRALIA

«HOLDER_NAME» «ADDRESS_LINE_1» «ADDRESS_LINE_2» «ADDRESS_LINE_3» «ADDRESS_LINE_4» «ADDRESS_LINE_5»

SHARE REGISTRY: Security Transfer Registrars Pty Ltd

METEORIC RESOURCES NL

ABN: 64 107 985 651

All Correspondence to: PO BOX 535, APPLECROSS WA 6953 AUSTRALIA 770 Canning Highway, APPLECROSS WA 6153 AUSTRALIA T: +61 8 9315 2333 F: +61 8 9315 2233 E: registrar@securitytransfer.com.au W: www.securitytransfer.com.au ASX Code: MEICA Holder Number: Number of Contributing Shares held As at 22 September 2015: Amount Payable @ $0.20:

CONTRIBUTING SHARES FINAL CALL NOTICE A$0.20 DUE ON OR BEFORE 14 OCTOBER 2015

Meteoric Resources NL ( Company ) hereby gives notice that a call has been made against all partly paid shares in the Company ( Contributing Shares ) and that the final payment of the call of 20 cents per Contributing Share ( Final Payment ) is due on or before 14 October 2015..

I/We hereby authorise you to place my/our name(s) on the register of members in respect of the number of New Shares allotted to me/us, and I/we agree to accept such Shares subject to the Rules of the Constitution of the Company.

NUMBER OF CONTRIBUTING @ $0.20 PER SHARES TO CONVERT SHARE AMOUNT ENCLOSED* , , $0.20 AUD $ , , .

My/Our contact details in case of enquiries are:

NAME TELEPHONE NUMBER

( ) EMAIL ADDRESS PAYMENT INFORMATION PAYMENT INFORMATION

PAYMENT INFORMATION Biller code: 159483 Ref: EFT_REFERENCE_NUMBER

CHEQUE / MONEY ORDER

All cheques (expressed in Australian currency) are to be made payable to METEORIC RESOURCES NL and crossed "Not Negotiable".

BPAY® this payment via internet or phone banking.

Your BPAY® reference number is unique to this offer and is not to be used for any other offer.

Do not forward cash as receipts will not be issued.

Applicants should be aware of their financial institution's cut-off time (the time payment must be made to be processed overnight) and ensure payment is processed by their financial institution on or before the day prior to the closing date. BPAY applications will only be regarded as accepted if payment is received by the registry from your financial institution on or prior to the closing date. It is the Applicant's responsibility to ensure funds are received by the close date.

Sufficient cleared funds should be held in your account as your acceptance may be rejected if your cheque is dishonoured.

Cheques or bank drafts drawn on overseas banks in Australian or any foreign currency will NOT be accepted. Any such cheques will be returned and the acceptance deemed to be invalid.

*** You do not need to return this form if you have made payment via BPAY.**

Individual or Securityholder 1 Securityholder 2 Securityholder 3

Sole Director & Company Secretary Director/Company Secretary Director

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REGISTRY DATE STAMP
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Your Final Payment must be received by Security Transfer Registrars on or before 14 OCTOBER 2015

• NOCACALV1

3

MEI

FAILURE TO PAY CALL / AUCTION PROCESS

If the Company does not receive payment for the Call by the Due Date:

1. The Contributing Shares on which the Call has not been paid will be automatically forfeited and will be sold by the Company at public auction in accordance with the Company's constitution, the Australian Stock Exchange Limited (ASX) Listing Rules and the Corporations Act 2001 (Cth).

2. Forfeited shares may be offered for sale by public auction within six (6) weeks after the Call becomes payable. The Company will give notice of any public auction in accordance with the Corporations Act 2001 (the Act) and the ASX Listing Rules (the ASXLR).

TRANSFERS

The last day for the Company’s share registry to accept transfers of Contributing Shares is 20 October 2015.

This notice is dated 23 September 2015.