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METEORIC RESOURCES NL — Capital/Financing Update 2015
May 3, 2015
65311_rns_2015-05-03_7f19a53f-6811-4806-9286-aa702c2c1ff4.pdf
Capital/Financing Update
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ASX Release
ASX Codes: MEI and MEICA
4 May 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
BARKLY JOINT VENTURE
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The directors of Meteoric Resources NL advise that the company’s joint venture partner Blaze International Ltd ( ASX:BLZ ) have made an ASX announcement in relation to the exploration expenditure incurred on EL28620 and the resulting increase in their share of the joint venture.
A copy of this release as lodged by Blaze is attached.
For more information on the company visit www.meteoric.com.au
Please direct enquiries to:
Graeme Clatworthy Executive Director Phone +61 8 9485 2836 Mob 0418 902 341
George Sakalidis Executive Technical Director Phone +61 8 9485 2836 Mob 0411 640 337
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4 May 2015
The Manager ASX Market Announcements Office Australian Securities Exchange Limited Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000
Dear Sir
INCREASE IN SHARE OF JOINT VENTURE
The Company is pleased to announce that under the terms of its Agreement with Meteoric Resources NL, it has now earned an additional 20% interest in the Barkly Joint Venture by the expenditure of a further $350,000 in exploration of tenement EL 28620.
As a result, the Company’s interest in the Joint Venture has now increased to 70%.
In addition, as per the terms of the Joint Venture Agreement, Blaze has advised Meteoric that it elects to sole fund all Joint Venture expenditure until the commencement of a Bankable Feasibility Study in order to earn a further 10% interest in the Joint Venture. This will bring Blaze’s holding in the Joint Venture to 80%.
Yours faithfully
Norman Grafton Company Secretary Blaze International Limited
PO Box 1618 West Perth WA 6872 Telephone :(618) 9481 7833 Facsimile:(618) 9481 7835 ABN 15 074 728 019