METEORIC RESOURCES NL — Capital/Financing Update 2023

Aug 10, 2023

11 August 2023

Cooperation Agreement Signed with Government of Minas Gerais and Invest Minas

Highlights

• Meteoric Resources has entered into a non-binding Cooperation Agreement with the State Economic Department (Invest Minas) and the State Government of Minas Gerais

• The Cooperation Agreement will assist with the development of the Caldeira Project and to look at further downstream processing options through to magnet production

• The Cooperation Agreement through Invest Minas will facilitate approvals and licensing processes between Meteoric Resources and government regulators and departments

• Environmental consultants Alger have been engaged to undertake Environmental Impact Study (EIS) for the Caldeira Project

Meteoric Resources NL ( Meteoric or the Company ) (ASX: MEI) is pleased to advise that at a signing ceremony at Historic Palace Casino in Poços de Caldas, the Governor of Minas Gerais State, Mr Romeu Zema, and Meteoric’s Executive Chairman, Dr Andrew Tunks signed a Cooperation Agreement awarding priority status to Meteoric’s Caldeira Project, recognising it as a significant project which is in the State’s interest. The Cooperation Agreement provides for Invest Minas, a State Government Agency responsible for promoting business investment within the State, to lead project facilitation of the Caldeira Project through to production.

The Cooperation Agreement places the Caldeira Project on an exclusive list of high-priority mining projects for the State of Minas Gerais providing a higher level of facilitation and ensuring the Caldeira Project is guided through the approval processes in a highly streamlined manner.

The Company also signed a Memorandum of Understanding ( MoU ) with environmental consultants Alger Consultoria e Assessoria Juridica ( Alger ) for the carrying out of an Environmental Impact Study ( EIS ) for the Caldeira Project. Alger are based in Belo Horizonte and have a large portfolio of licensed mining projects operating in the State of Minas Gerais, Bahia and Para; including facilitating the licensing of the Grota do Cirilo Project owned by Sigma Lithium Resources ( NASDAQ: SGML, TSXV: SGML ) in Minas Gerais.

The schedule for the environmental licensing of the Caldeira Project agreed between Meteoric and the State of Minas Gerais establishes an accelerated indicative timeline of 24 months for the Project’s Construction License to be issued.

Executive Chairman, Dr Andrew Tunks said,

“The Cooperation Agreement and formal appointment of Invest Minas and Alger will provide significant assistance in obtaining government approvals for the Caldeira Project, the world’s highest grade Ionic Clay REE deposit.

The agreement elevates the status of the Caldeira Project as a significant development for Minas Gerais State, and one which will make a major economic contribution to the Minas Gerais State region and beyond.

This is another significant step forward in our efforts to de-risk the Caldeira Project and we welcome the involvement of Invest Minas and Alger into the Project.”

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Meteoric Resources ABN 64 107 985 651 Level 1, 33 Ord Street, West Perth WA 6005 www.meteoric.com.au | Page 1 of 3

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Signing Ceremony

A large gathering of government and industry leaders was hosted by Meteoric at the Palace Hotel Casino in Poços de Caldas to witness the announcement of the Cooperation agreement between the Company, the state of Minas Gerais and Invest Minas. The guests, including the Australian Ambassador to Brazil Ms Sophie Davies, were treated to a speech from his Excellency Romeu Zema the Governor of the State of Minas Gerais. During the speech the Governor emphasised the importance of Meteoric’s ongoing investment into the Caldeira Project and the ways in which the State and Local Government can assist to expedite the licensing process. Governor Zema concluded that he sees the state of Minas Gerais as a future leader in green mining and the production of rare earths through the success of the Caldeira Project.

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Governor Zema addressing audience

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Meteoric Directors Dr Andrew Tunks (left) and Dr Marcelo de Carvahlo (right) with Alger Partners Dr Antonio Malard (center left) and Mr Germano Luiz Gomes Vieira (centre right)

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Meteoric Resources ABN 64 107 985 651 Level 1, 33 Ord Street, West Perth WA 6005 www.meteoric.com.au | Page 2 of 3

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VIPs attending the event included

Romeu Zema Governador do Estado de Minas Gerais Sophie Davies Australian Ambassador to Brazil João Paulo Braga Presidente da Agencia Invest Minas Barbara Botega Secretária Adjunta de Comunicação Ronaldo Barquete Diretor da Agencia Invest Minas John Prowse Consul General and Trade Commissioner, Brazil Sergio Antônio Carvalho de Azevedo Prefeito Municipal de Poços de Caldas Margot Navarro Graziani Pioli Prefeita Municipal de Andradas Ailton Pereira Goulart Prefeito Municipal de Caldas Germano Antonio Augusto Melo Malard Alger Consultoria Germano Luiz Gomes Vieira Alger Consultoria Livio Togni Togni Refratarios Alvaro Fochi Diretor Etigran

This release has been approved by the Board of Meteoric Resources NL.

For further information, please contact:

Dr Andrew Tunks Victoria Humphries Executive Chairman Investor and Media Relations Meteoric Resources NL NWR Communications E ajtunks@meteoric.com.au E victoria@nwrcommunications.com.au T +61 400 205 555 T +61 431 151 676

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Meteoric Resources ABN 64 107 985 651 Level 1, 33 Ord Street, West Perth WA 6005 www.meteoric.com.au | Page 3 of 3