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METEORIC RESOURCES NL — Capital/Financing Update 2025
Jun 16, 2025
65311_rns_2025-06-16_87ea90dd-55bd-4a5c-b2ae-151c48469bef.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
17 June 2025
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Meteoric and MTM Sign MOU Following Breakthrough Separation of MREC Feedstock into Rare Earth Elements
Meteoric Resources NL ( ASX: MEI ) ( Meteoric or the Company ) is pleased to announce it has signed a Memorandum of Understanding ( MOU ) with MTM Critical Metals Ltd (ASX:MTM) ( MTM ).
MTM has successfully completed proof-of-concept Flash Joule Heating ( FJH ) test work, using proprietary technology, on a sample of Meteoric’s Mixed Rare Earth Carbonate ( MREC ). This work has demonstrated the potential to rapidly develop a chloride-based refining method which can:
-
Recover high value magnetic elements from MREC – Praseodymium, Neodymium, Terbium and Dysprosium in chlorides suitable for further processing into magnetic products.
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Upgrade MREC values by removing low value elements such as Lanthanum.
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Increase Magnetic REO content of Meteoric’s MREC to 72% of TREO (MREO currently~30% in MREC).
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Retain other rare earth elements for potential further downstream separation.
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Deliver an alternative and scalable supply of critical magnetic rare earths for use in Western magnet making production facilities.
MTM TEST RESULT ON CALDEIRA MREC - HIGHLIGHTS
MTM has undertaken FJH testing at the Benchmark and Texas Oiltech laboratories in Houston Texas, USA. This was an un-optimised, single-flash run which achieved excellent high results through:
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Extracting a concentrated mix of Nd, Pr, Dy, and Tb chlorides - the high-value metals that go into magnets.
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Removal of over 80% of the low-value La to improve the commercial value of the MREC.
Table 1 below presents the results of the chloride-based MREC upgrade which supports a scalable and modular alternative extraction method of rare earth recoveries.
Table 1: REE % recovered from MREC using an un-optimised single-flash run
| Element | % Recovered | Interpretation |
|---|---|---|
| Praseodymium (Pr) | 76 % | Strong volatilisation in single flash |
| Neodymium (Nd) | 65 % | Major portion transferred to vapour |
| Dysprosium (Dy) | 75 % | High heavy REE recovery |
| Terbium (Tb) | 81 % | Near-total recovery in vapour phase |
| Gadolinium (Gd) | 89 % | Confirmed strong heavy REE separation |
| Samarium (Sm) | 51 % | Moderate recovery – to be improved by further flash runs |
Importantly, FJH was able to effectively remove 83% of Lanthanum (La) and 88% of Cerium (Ce) from the MREC. This adds significant value to the MREC through removal of low value rare earths and reduces the volume of material required to be shipped.
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Meteoric Resources ABN 64 107 985 651 Level 1, 35 Ventnor Ave, West Perth WA 6005 www.meteoric.com.au | Page 1 of 15
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The Magnetic REO content increases from ~30% to 72% of TREO after flashing and conversion into MREC. Table 2 below shows the TREO content of all elements after flashing has occurred and highlights the significant increase in concentration of the high value Magnetic REO.
Table 2: TREO distribution after flashing of MREC
| TREO % distribution Before Sample Flashing |
TREO % distribution AFTER Flashing |
|
|---|---|---|
| La2O3 | 59.6 | 6.56 0.73 20.83 48.84 |
| CeO2 | 1.3 | |
| Pr6O11 | 8.14 | |
| Nd2O3 | 20.99 | |
| Sm2O3 | 2.1 | 3.83 |
| Eu2O3 | 0.51 | 0.10 |
| Gd2O3 | 1.54 | 2.28 |
| Tb4O7 | 0.17 | 0.46 |
| Dy2O3 | 0.70 | 1.68 |
| Ho2O3 | 0.11 | 0.33 0.60 0.06 0.34 |
| Er2O3 | 0.25 | |
| Tm2O3 | 0.02 | |
| Yb2O3 | 0.12 | |
| Lu2O3 | 0.014 | 0.04 |
| Y2O3 | 4.5 | 13.32 |
| Total | 100.0 | 100.0 |
Rare earths highlighted in Table 2 are subject to Chinese export controls on the 4 April 2025.
MEMORANDUM OF UNDERSTANDING
The MOU provides the framework for an exclusive collaboration to expand downstream processing and separation of MREC from Meteoric’s Caldeira Project in Brazil, into separated rare earth elements using FJH. Key collaboration objectives are:
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Technology Application: Evaluate the technical and commercial feasibility of applying MTM’s FJH technology to upgrade Meteoric’s MREC into high-value REE chloride intermediates.
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Flowsheet Integration: Explore how FJH-based processing can be integrated with Meteoric’s broader downstream strategy.
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Commercial Structuring : Consider potential arrangements including technology licensing, processing fees, and/or joint development models for downstream refining.
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Scale-Up Planning : Support engineering and process development activities needed to assess commercial deployment options.
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Data and Information Sharing: Share technical data as required to assess the viability of a longterm processing relationship.
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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 15
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- Exclusivity: During the MOU term, MTM will not enter into any other commercial arrangements for the application of FJH technology to third-party ionic rare earth clay projects in Brazil without Meteoric’s prior written consent.
The MOU is for a period of twelve months and may be terminated by either party with thirty days’ notice.
NEXT STEPS
MTM and Meteoric will continue collaborating to enhance FJH testing in order to improve the recovery rates of valuable rare earth elements while increasing the rejection of low-value Lanthanum and Cerium. Improvements in recoveries and rejection of low-value materials are anticipated as FJH parameters are refined to specifically target individual components along with additional flashing of products.
Development of Meteoric’s pilot plant in Poços de Caldas by September 2025 will assist development of the process through provision of additional MREC and has the potential to host a FJH demonstration facility.
Future test work will also explore opportunities for FJH technology to produce rare earth metals from rare earth chloride pre cursors.
Meteoric’s Managing Director & CEO, Stuart Gale, commented: “We are extremely excited to enter this collaboration with MTM. This technology has the potential to unlock an innovative, refining pathway for our Caldeira MREC product by bringing it closer to the end consumers’ needs and creating an alternative supply chain for magnetic rare earth elements. This collaboration fits squarely within our strategy to pursue scalable downstream solutions that enhance the value and flexibility of our world class, scalable rare earth supply.”
This release has been approved by the Board of Meteoric Resources NL.
For further information, please contact:
Stuart Gale
Michael Vaughan
Managing Director and CEO Investor and Media Relations Meteoric Resources NL Fivemark E [email protected] E [email protected] T +61 08 6166 9112 T +61 422 602 720
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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 15
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APPENDIX 1 - JORC Code, 2012 Edition – Table 1
Section 1 Sampling Techniques and Data
| Criteria | Commentary |
|---|---|
| Sampling techniques |
▪ The pilot plant master composite was sampled using an Aircore drill machine. ▪ Two (2) metre composite samples are collected from the cyclone of the rig in plastic buckets. The material from the plastic buckets is passed through a single tier, riffle splitter which generates a 50/50 split. One half is bagged and numbered for submission to the laboratory, and the other half bagged and given the same number, then stored as a duplicate at the core facility in Pocos de Caldas. ▪ The MREC sample provided for FJH testwork was a 400 gram subsample of the total 4kgof MRECproduced over 15 days of continuouspiloting. |
| Drilling techniques |
▪ Drilling was completed using a HANJIN 8D Multipurpose Track Mounted Drill Rig, configured to drill 3-inch Aircore holes. The rig is supported by an Atlas Copco XRHS800 compressor which supplies sufficient air to keep the sample dry down to the current deepest depth of 73m. All holes are drilled vertical. ▪ Most drill sites require minimal to no site preparation. On particularly steep sites, the area is levelled with a backhoe loader. ▪ Drilling is stopped at 'blade refusal' when the rotating bit is unable to cut the ground any further. This generally occurs in the transition zones (below clay zone and above fresh rock). On occasions a face sampling hammer is used once 'blade refusal' is reached to penetrate through the remaining transition zone and into the fresh rock. |
| Drill sample recovery |
▪ Every 2m composite sample is collected in plastic buckets and weighed. Each sample averages approximately 12kg. This is considered acceptable given the hole diameter and specific densityof the material. |
| Logging | ▪ The material is logged at the drill rig by a geologist. Logging focused on soil (humic) horizon, saprolite/clay zones and transition boundaries. Other parameters recorded includes: grainsize, texture and colour, which can help to identify the parent rock before weathering. ▪ Logging is done on 2m intervals due to the nature of the drilling with 2m composite samples collected in a bucket and presented for sampling and logging. ▪ The chip trays of all drilled holes have a digital photographic record and are retained at a Core facilityin Pocos de Caldas. |
| Sub-sampling techniques and sample preparation |
▪ Metallurgical samples consist of 2m composite samples. ▪ The samples were generally composited into 2m composites, however on occasions the composites were reduced based on geologic boundaries (clay zone v transition v fresh rock). Composites ranged from 1.0m – 2.0m. ▪ The top 2m of material was excluded from shipments to avoid problems importing organic material within the soils into Australia. Fresh rock was also excluded from the testwork as it is clearly not related to ionic clay mineralisation. ▪ The metallurgical samples were air dried and then wet screened at 1mm. All of the +1mm material was set aside and not used in the pilot campaign. The weight and TREO distribution in the +1mm and -1mm fractions were recorded. All of the -1mm material was filtered through a plate and frame filter press and the resultant filter cakes were then homogenised to make the bulk pilot plant master composite. ▪ The MREC sample was dried at 60 degrees C and rolledprior to assaysubmission. |
| Quality of assay data and laboratory tests |
Pilot Plant Samples ▪ An internal standard solution was added to each sample. The instrument was calibrated using standard solutions and verified using multiple QA/QC multielement reference materials prior to running samples, which included continuous calibration verification (CCV) samples (blank, 10 ppb - 100 ppb) throughout the run. Verified QA/QC reference materials and CCV results must have met an accuracy of a minimum of ± 15% of the verified value before reporting of a result. |
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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 4 of 15
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| Criteria | Commentary |
|---|---|
| ▪ Head and Leach Residue (REE extractions) were determined by a mixture of ALS ME-MS81and ANSTO XRF ▪ ME-MS81 – Lithium borate fusion digest with ICP-MS finish for Ba, Ce, Cr, Cs, Dy, Er, Eu, Ga, Gd, Hf, Ho, La, Lu, Nb, Nd, Pr, Rb, Sc, Sm, Sn, Sr, Ta, Tb, Th, Ti, Tm, U, V, W, Y, Yb, Zr ▪ All liquor samples were assayed at ANSTO using ICP-MS analysis for La, Ce, Pr, Nd, Sm, Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu, Y, Th, U and Sc and ICP-OES analysis for the gangue elements ▪ Other solids were analysed by ANSTO XRF and Digest Methods followed by ICP- OES and MS analysis as above. MREC Sample ▪ The concentrations of the rare earth elements (REE) and impurity elements were determined using fusion digestion (Li tetra:metaborate 12:22; Pt crucible) followed by inductively coupled plasma mass spectrometry (ICPMS) or ICP optical emission spectrometry (ICPOES), as appropriate, according to ANSTO controlled document G-5913 Analytical Methods Manual. ▪ Loss on ignition was determined on the sample by, firstly, drying overnight at 60°C followed by slow heating to 1000°C with a hold time at temperature of two hours. ▪ The FJH test procedure for MREC involved flashing 100 grams of MREC at 900- 1000°C under chlorine gas for approximately 20 minutes in a tungsten crucible. The crucible was then heated to around 1700°C to achieve REE chloride evaporation and held at this temperature for about 15 minutes. The condensate and the 'black mass' solids were collected and assayed usingICPMS. |
|
| Verification of sampling and assaying |
▪ All data is in digital format and stored in a cloud server, also the company maintains a backup in a desktop computer to assure that the data could be restored if any problem occurs with the cloud or with the desktop server. ▪ Raw assays are received as Elemental data (ppm) from ALS laboratories. The Elemental data is converted to Element Oxide data using the following conversion factors: Symbol Conversion Factor Oxide Species La 1.1728 La2O3 Ce 1.2284 CeO2 Pr 1.2082 Pr6O11 Nd 1.1664 Nd2O3 Sm 1.1596 Sm2O3 Eu 1.1579 Eu2O3 Gd 1.1526 Gd2O3 Tb 1.1762 Tb4O7 Dy 1.1477 Dy2O3 Ho 1.1455 Ho2O3 Er 1.1435 Er2O3 Tm 1.1421 Tm2O3 Yb 1.1387 Yb2O3 Lu 1.1372 Lu2O3 Y 1.2699 Y2O3 Sc 1.5338 Sc2O3 |
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| Criteria | Commentary |
|---|---|
| Location of data points |
▪ All collars were surveyed in SIRGAS 2000, 23S spindle UTM grid system. The SIRGAS 2000 is a South American Datum which is very similar with the WGS 84. ▪ Atpresent the survey of collars was made with a handheld GPS. Prior to inclusion in any resource estimation work the holes will be surveyed by a RTK GPS. ▪ The Topographic data was collected by Nortear Topografia e Projectos Ltda., planialtimetric topographic surveyors. The GPS South Galaxy G1 RTK GNSS was used, capable of carrying out data surveys and kinematic locations in real time (RTK-Real Time Kinematic), consisting of two GNSS receivers, a BASE and a ROVER. The horizontal accuracy, in RTK, is 8mm ±1mm, and vertical 15mm ±1mm. The coordinates were provided in the following formats: Sirgas 2000 datum, and UTM WGS 84 datum - georeferenced to spindle 23S. ▪ For the generation of planialtimetric maps (DEM), drones were used with control points in the field (mainly in a region with more dense vegetation), in addition to the auger drillholes.an employed company with drone imaging and RTK GPS on auger drill holes. |
| Data spacing and distribution |
▪ Collar plan displayed in Appendix 1. ▪ No new resources are reported. |
| Orientation of data in relation to geological structure |
▪ The mineralisation is flat lying and occurs within the saprolite/clay zone of a deeply developed regolith (reflecting topography and weathering). Vertical sampling from the diamond holes is appropriate. |
| Sample security | ▪ Samples are removed from the field and transported back to a Core shed to be logged and sampled as reported before. ▪ Composited samples were given unique identifiers and placed in plastic bags, before being packed into plastic drums suitable for export via airfreight to ANSTO in Australia. ▪ Export drums were shipped via FedEx Airfreight. Samples were collected from Meteoric core shed in Pocos de Caldas and tracked online to their destination in Sydney, Australia (ANSTO). ▪ The MREC sample was collected from ANSTO by Team global express international courier company. The sample was packaged securely. |
| Audits or reviews | ▪ MEI conducted a review of assay results as part of its Due Diligence prior to acquiring the project. Approximately 5% of all stored coarse rejects from auger drilling were resampled and submitted to two (2) labs: SGS Geosol and ALS Laboratories. Results verified the existing assay results, returning values +/-10% of the original grades, well within margins of error for the grade of mineralisation reported (see ASX:MEI 13/03/23 for a more detailed discussion). ▪ No independent audit of samplingtechniques and data has been completed. |
Section 2 Reporting of Exploration Results
| Criteria | Commentary | Commentary |
|---|---|---|
| Mineral tenement | ▪ | No change since previously reported on 15 April 2025 (Refer Appendix 2). |
| and land tenure | ▪ | Given the rich history of mining and current mining activity in the Poços de |
| status | Caldas there appears to be no impediments to obtaining a License to operate in | |
| the area. | ||
| Exploration done | ▪ | Licenses under the TOGNI Agreement: significant previous exploration exists in |
| by other parties | the form of surface geochem across 30 granted mining concessions, plus: | |
| geologic mapping, topographic surveys, and powered auger (1,396 holes for | ||
| 12,963 samples). |
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| ▪ | MEI performed Due Diligence on historic exploration and are satisfied the data | |
|---|---|---|
| is accurate and correct (refer ASX Release 13 March 2023 for a discussion). | ||
| ▪ | Licenses under VAGINHA and RAJ Agreements: no previous exploration exists | |
| for REEs. | ||
| Geology | ▪ | The Alkaline Complex of Poços de Caldas represents in Brazil one of the most |
| important geological terrain which hosts deposits of ETR, bauxite, clay, uranium, | ||
| zirconium, rare earths and leucite. The different types of mineralization are | ||
| products of a history of post-magmatic alteration and weathering, in the last | ||
| stages of its evolution (Schorscher & Shea, 1992; Ulbrich et al., 2005), The REE | ||
| mineralisation discussed in this release is of the Ionic Clay type as evidenced by | ||
| development within the saprolite/clay zone of the weathering profile of the | ||
| Alkaline syenite basement as well as enriched HREE composition. | ||
| Drill hole | ▪ | Reported in Appendix 1. |
| Information | ||
| Data aggregation | ▪ | Mineralised Intercepts are reported with a minimum of 4m width, lower cut-off |
| methods | 1000ppm TREO, with a maximum of 2m internal dilution. | |
| ▪ | High-Grade Intercepts reported as “including” are reported with a minimum of | |
| 2m width, lower cut-off 3000 ppm TREO, with a maximum of 1m internal | ||
| dilution. | ||
| ▪ | Ultra High-Grade Intercepts reported as “with” are reported with a minimum of | |
| 2m width, lower cut-off 10,000 ppm TREO, with a maximum of 1m internal | ||
| dilution. | ||
| Mineralisation | ▪ | All holes are vertical and mineralisation is developed in a flat lying clay and |
| widths and | transition zone within the regolith. As such, reported widths are considered to | |
| intercept lengths | equal true widths. | |
| Diagrams | ▪ | Reported in the body of the text. |
| Balanced reporting | ▪ |
Highlights of the Mineralised Intercepts are reported in the body of the text with |
| available results from every drill hole drilled in the period reported in the | ||
| Mineralised Intercept table for balanced reporting. | ||
| Other substantive | ▪ | A maiden Inferred resource was published to the ASX on May 1st2023 |
| exploration data | estimated from 1,379 drill holes for 13,309m to a maximum depth of 20m. | |
| ▪ | Subsequent updated resources were published to the ASX for Soberbo, Capão | |
| do Mel and Figueira deposits on 13 May 2024,12 June 2024, and 04 August | ||
| 2024 respectively. Updated resources were published to the ASX for Dona | ||
| Maria 1 & 2 and Cupim Vermelho Norte deposits on 12 March 2025. A maiden | ||
| resource estimate at Barra do Pacu waspublished on ASX on 15 April 2025. | ||
| Further work | ▪ | Proposed work is discussed in the body of the text. |
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APPENDIX 2: Collar Table
Collar table of aircore drill holes used to make the Pilot Plant Master Composite to produce MREC that underwent Flash Joule Heating testwork (referred to in this release).
| Hole_ID | East | North | RL | Depth | From (m) |
To (m) |
Interval |
|---|---|---|---|---|---|---|---|
| CDMAC0002 | 345999 | 7566898 | 1333 | 50 | 8.0 | 18.0 | 10.0 |
| CDMAC0014 | 345849 | 7566949 | 1328 | 28.5 | 14.0 | 16.0 | 2.0 |
| 18.0 | 24.0 | 6.0 | |||||
| CDMAC0020 | 345799 | 7567002 | 1325 | 41.4 | 14.0 | 16.0 | 2.0 |
| 18.0 | 22.0 | 4.0 | |||||
| 26.0 | 28.0 | 2.0 | |||||
| CDMAC0033 | 346002 | 7566852 | 1336 | 31.6 | 12.0 | 26.0 | 14.0 |
| CDMAC0034 | 346051 | 7566848 | 1340 | 30.6 | 8.0 | 16.0 | 8.0 |
| CDMAC0036 | 346050 | 7566799 | 1342 | 28 | 6.0 | 14.0 | 8.0 |
| CDMAC0038 | 345952 | 7566801 | 1338 | 25 | 4.0 | 14.0 | 10.0 |
| CDMAC0042 | 345750 | 7566800 | 1330 | 37 | 10.0 | 22.0 | 12.0 |
| CDMAC0044 | 345802 | 7566751 | 1336 | 46 | 10.0 | 16.0 | 6.0 |
| CDMAC0045 | 345850 | 7566751 | 1338 | 28 | 14 | 24 | 10 |
| CDMAC0051 | 346100 | 7566699 | 1346 | 34 | 18.0 | 26.0 | 8.0 |
| CDMAC0060 | 345798 | 7566653 | 1334 | 25 | 6.0 | 10.0 | 4.0 |
| 14.0 | 18.0 | 4.0 | |||||
| 20.0 | 24.0 | 4.0 | |||||
| CDMAC0061 | 345850 | 7566652 | 1338 | 34 | 8.0 | 10.0 | 2.0 |
| CDMAC0068 | 346447 | 7567049 | 1321 | 18 | 2.0 | 16.0 | 14.0 |
| CDMAC0070 | 346548 | 7567106 | 1321 | 33 | 2.0 | 4.0 | 2.0 |
| 6.0 | 20.0 | 14.0 | |||||
| CDMAC0072 | 346657 | 7567197 | 1306 | 40 | 4.0 | 22.0 | 18.0 |
| CDMAC0073 | 346650 | 7567248 | 1305 | 36 | 2.0 | 8.0 | 6.0 |
| CDMAC0084 | 346549 | 7567299 | 1298 | 33 | 2.0 | 8.0 | 6.0 |
| CDMAC0094 | 346303 | 7567147 | 1302 | 29.5 | 2.0 | 6.0 | 4.0 |
| CDMAC0096 | 346352 | 7567049 | 1318 | 34 | 2.0 | 24.0 | 22.0 |
| CDMAC0097 | 346398 | 7567051 | 1315 | 24 | 2.0 | 16.0 | 14.0 |
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| Hole_ID | East | North | RL | Depth | From (m) |
To (m) |
Interval |
|---|---|---|---|---|---|---|---|
| CDMAC0099 | 346403 | 7567083 | 1312 | 30 | 4.0 | 6.0 | 2.0 |
| 8.0 | 10.0 | 2.0 | |||||
| 12.0 | 18.0 | 6.0 | |||||
| CDMAC0100 | 346553 | 7567147 | 1317 | 24 | 2.0 | 4.0 | 2.0 |
| 6.0 | 10.0 | 4.0 | |||||
| 12.0 | 16.0 | 4.0 | |||||
| CDMAC0106 | 346601 | 7567246 | 1304 | 20 | 2.0 | 6.0 | 4.0 |
| 8.0 | 10.0 | 2.0 | |||||
| CDMAC0107 | 346604 | 7567204 | 1307 | 50 | 10.0 | 16.0 | 6.0 |
| CDMAC0108 | 346635 | 7567193 | 1308 | 50 | 2.0 | 6.0 | 4.0 |
| CDMAC0110 | 346697 | 7567197 | 1302 | 50 | 2.0 | 12.0 | 10.0 |
| CDMAC0111 | 346700 | 7567158 | 1305 | 21 | 2.0 | 14.0 | 12.0 |
| CDMAC0114 | 346754 | 7567242 | 1291 | 20.6 | 2.0 | 16.0 | 14.0 |
| CDMAC0119 | 346709 | 7567396 | 1306 | 38 | 2.0 | 6.0 | 4.0 |
| CDMAC0121 | 346695 | 7567250 | 1298 | 13 | 2.0 | 12.0 | 10.0 |
| CDMAC0122 | 346796 | 7567208 | 1297 | 22 | 2.0 | 16.0 | 14.0 |
| CDMAC0123 | 346804 | 7567239 | 1293 | 47 | 6.0 | 12.0 | 6.0 |
| CDMAC0124 | 346855 | 7567242 | 1290 | 32 | 2.0 | 14.0 | 12.0 |
| CDMAC0126 | 346901 | 7567299 | 1279 | 35 | 2.0 | 8.0 | 6.0 |
| CDMAC0127 | 346945 | 7567263 | 1285 | 25 | 4.0 | 8.0 | 4.0 |
| CDMAC0130 | 346946 | 7567203 | 1291 | 22.2 | 4.0 | 10.0 | 6.0 |
| CDMAC0132 | 346988 | 7567209 | 1284 | 28 | 2.0 | 6.0 | 4.0 |
| CDMAC0134 | 346896 | 7567141 | 1291 | 16 | 2.0 | 12.0 | 10.0 |
| CDMAC0135 | 346897 | 7567097 | 1287 | 16 | 6.0 | 10.0 | 4.0 |
| CDMAC0137 | 346745 | 7567107 | 1296 | 20 | 4.0 | 10.0 | 6.0 |
| CDMAC0138 | 346781 | 7567132 | 1300 | 15 | 2.0 | 10.0 | 8.0 |
| CDMAC0142 | 346844 | 7567207 | 1299 | 44 | 2.0 | 16.0 | 14.0 |
| CDMAC0144 | 346645 | 7567058 | 1308 | 14 | 2.0 | 14.0 | 12.0 |
| CDMAC0145 | 346601 | 7567048 | 1314 | 14 | 4.0 | 14.0 | 10.0 |
| CDMAC0146 | 346639 | 7567104 | 1315 | 13 | 2.0 | 8.0 | 6.0 |
| 10.0 | 13.0 | 3.0 |
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| Hole_ID | East | North | RL | Depth | From (m) |
To (m) |
Interval |
|---|---|---|---|---|---|---|---|
| CDMAC0148 | 346598 | 7567101 | 1318 | 11.4 | 2.0 | 10.0 | 8.0 |
| CDMAC0149 | 346501 | 7567050 | 1327 | 21 | 2.0 | 4.0 | 2.0 |
| 6.0 | 10.0 | 4.0 | |||||
| 12.0 | 21.0 | 9.0 | |||||
| CDMAC0150 | 346493 | 7567010 | 1326 | 41.2 | 8.0 | 10.0 | 2.0 |
| 12.0 | 18.0 | 6.0 | |||||
| 20.0 | 26.0 | 6.0 | |||||
| CDMAC0154 | 346588 | 7566902 | 1322 | 26 | 10.0 | 18.0 | 8.0 |
| CDMAC0156 | 346558 | 7566986 | 1317 | 19 | 2.0 | 8.0 | 6.0 |
| CDMAC0157 | 346590 | 7567007 | 1310 | 16 | 2.0 | 4.0 | 2.0 |
| 6.0 | 10.0 | 4.0 | |||||
| CDMAC0158 | 346611 | 7567021 | 1306 | 7 | 2.0 | 7.0 | 5.0 |
| CDMAC0159 | 346646 | 7567003 | 1304 | 10 | 2.0 | 4.0 | 2.0 |
| 6.0 | 8.0 | 2.0 | |||||
| CDMAC0164 | 346700 | 7566847 | 1300 | 25 | 2.0 | 12.0 | 10.0 |
| CDMAC0165 | 346600 | 7566852 | 1304 | 29 | 2.0 | 4.0 | 2.0 |
| 6.0 | 10.0 | 4.0 | |||||
| 12.0 | 14.0 | 2.0 | |||||
| CDMAC0166 | 346549 | 7566851 | 1307 | 13 | 6.0 | 10.0 | 4.0 |
| CDMAC0168 | 346451 | 7566899 | 1310 | 37 | 6.0 | 14.0 | 8.0 |
| CDMAC0170 | 346450 | 7566947 | 1317 | 18 | 2.0 | 4.0 | 2.0 |
| 6.0 | 10.0 | 4.0 | |||||
| CDMAC0171 | 346405 | 7566949 | 1317 | 34 | 6.0 | 14.0 | 8.0 |
| CDMAC0173 | 346397 | 7567008 | 1322 | 23.2 | 8.0 | 22.0 | 14.0 |
| CDMAC0174 | 346445 | 7566999 | 1323 | 27 | 6.0 | 14.0 | 8.0 |
| CDMAC0175 | 346497 | 7566896 | 1312 | 16 | 8.0 | 16.0 | 8.0 |
| CDMAC0176 | 346299 | 7566995 | 1325 | 24 | 6.0 | 18.0 | 12.0 |
| CDMAC0177 | 346300 | 7567046 | 1317 | 40 | 2.0 | 14.0 | 12.0 |
| 16.0 | 24.0 | 8.0 | |||||
| CDMAC0178 | 346300 | 7567096 | 1311 | 28 | 2.0 | 8.0 | 6.0 |
| CDMAC0179 | 346393 | 7567149 | 1297 | 34.8 | 4.0 | 10.0 | 6.0 |
==> picture [82 x 24] intentionally omitted <==
Meteoric Resources ABN 64 107 985 651 Level 1, 33 Ord Street, West Perth WA 6005 www.meteoric.com.au | Page 10 of 15
==> picture [596 x 69] intentionally omitted <==
| Hole_ID | East | North | RL | Depth | From (m) |
To (m) |
Interval |
|---|---|---|---|---|---|---|---|
| CDMAC0181 | 346457 | 7567156 | 1303 | 18 | 6.0 | 10.0 | 4.0 |
| 12.0 | 14.0 | 2.0 | |||||
| CDMAC0182 | 346250 | 7567098 | 1308 | 32.5 | 2.0 | 14.0 | 12.0 |
| CDMAC0184 | 346200 | 7567051 | 1308 | 23 | 2.0 | 18.0 | 16.0 |
| CDMAC0203 | 346607 | 7566756 | 1284 | 22 | 2.0 | 14.0 | 12.0 |
| CDMAC0204 | 346653 | 7566744 | 1280 | 19.2 | 2.0 | 4.0 | 2.0 |
| 6.0 | 8.0 | 2.0 | |||||
| CDMAC0210 | 346751 | 7566853 | 1288 | 16 | 2.0 | 10.0 | 8.0 |
| CDMAC0211 | 346750 | 7566901 | 1288 | 30 | 2.0 | 4.0 | 2.0 |
| 6.0 | 10.0 | 4.0 | |||||
| CDMAC0213 | 346608 | 7566813 | 1295 | 22.5 | 2.0 | 10.0 | 8.0 |
| CDMAC0215 | 346297 | 7566902 | 1326 | 21 | 2.0 | 18.0 | 16.0 |
| CDMAC0216 | 346342 | 7566901 | 1320 | 21 | 8.0 | 14.0 | 6.0 |
| CDMAC0218 | 346254 | 7566942 | 1333 | 22 | 8.0 | 22.0 | 14.0 |
| CDMAC0219 | 346154 | 7566851 | 1339 | 50 | 8.0 | 26.0 | 18.0 |
| CDMAC0220 | 346203 | 7566852 | 1336 | 20 | 8.0 | 12.0 | 4.0 |
| 14.0 | 20.0 | 6.0 | |||||
| CDMAC0222 | 346296 | 7566847 | 1327 | 36 | 18.0 | 24.0 | 6.0 |
| CDMAC0223 | 346342 | 7566849 | 1321 | 29 | 10.0 | 12.0 | 2.0 |
| 14.0 | 22.0 | 8.0 | |||||
| CDMAC0225 | 346347 | 7566754 | 1310 | 31 | 2.0 | 22.0 | 20.0 |
| CDMAC0226 | 346339 | 7566803 | 1319 | 11.8 | 2.0 | 4.0 | 2.0 |
| 6.0 | 10.0 | 4.0 | |||||
| CDMAC0227 | 346300 | 7566800 | 1321 | 34.2 | 6.0 | 24.0 | 18.0 |
| CDMAC0228 | 346251 | 7566798 | 1325 | 24.6 | 8.0 | 14.0 | 6.0 |
| CDMAC0230 | 346141 | 7566787 | 1340 | 36 | 14.0 | 16.0 | 2.0 |
| 18.0 | 26.0 | 8.0 | |||||
| CDMAC0231 | 346141 | 7566737 | 1341 | 31 | 14.0 | 18.0 | 4.0 |
| 20.0 | 24.0 | 4.0 | |||||
| CDMAC0233 | 346239 | 7566748 | 1327 | 28.5 | 14.0 | 20.0 | 6.0 |
| CDMAC0234 | 346284 | 7566751 | 1321 | 32 | 6.0 | 16.0 | 10.0 |
==> picture [82 x 24] intentionally omitted <==
Meteoric Resources ABN 64 107 985 651 Level 1, 33 Ord Street, West Perth WA 6005 www.meteoric.com.au | Page 11 of 15
==> picture [596 x 69] intentionally omitted <==
| Hole_ID | East | North | RL | Depth | From (m) |
To (m) |
Interval |
|---|---|---|---|---|---|---|---|
| 18.0 | 20.0 | 2.0 | |||||
| CDMAC0239 | 346245 | 7566654 | 1323 | 19 | 6.0 | 10.0 | 4.0 |
| 12.0 | 16.0 | 4.0 | |||||
| CDMAC0240 | 346152 | 7566646 | 1337 | 30 | 18.0 | 24.0 | 6.0 |
| CDMAC0243 | 346356 | 7566631 | 1311 | 18.2 | 10.0 | 12.0 | 2.0 |
| 14.0 | 18.0 | 4.0 | |||||
| CDMAC0244 | 346397 | 7566654 | 1305 | 34 | 6.0 | 12.0 | 6.0 |
| CDMAC0249 | 346549 | 7566651 | 1295 | 25 | 6.0 | 10.0 | 4.0 |
| CDMAC0251 | 346612 | 7566701 | 1282 | 25.6 | 2.0 | 4.0 | 2.0 |
| 6.0 | 12.0 | 6.0 | |||||
| CDMAC0253 | 346694 | 7566704 | 1278 | 20 | 2.0 | 10.0 | 8.0 |
| CDMAC0260 | 346749 | 7566702 | 1280 | 22 | 2.0 | 12.0 | 10.0 |
| CDMAC0263 | 346649 | 7566637 | 1298 | 25 | 6.0 | 22.0 | 16.0 |
| CDMAC0265 | 346601 | 7566636 | 1301 | 36 | 8.0 | 10.0 | 2.0 |
| 12.0 | 14.0 | 2.0 | |||||
| CDMAC0266 | 346602 | 7566605 | 1306 | 28 | 6.0 | 10.0 | 4.0 |
| CDMAC0267 | 346546 | 7566603 | 1309 | 23.2 | 6.0 | 14.0 | 8.0 |
| CDMAC0270 | 346047 | 7566953 | 1323 | 30 | 2.0 | 16.0 | 14.0 |
| CDMAC0271 | 346106 | 7566985 | 1315 | 22 | 2.0 | 10.0 | 8.0 |
| CDMAC0272 | 346101 | 7566946 | 1323 | 37 | 6.0 | 16.0 | 10.0 |
| CDMAC0273 | 346147 | 7566948 | 1319 | 22 | 2.0 | 8.0 | 6.0 |
| 10.0 | 16.0 | 6.0 | |||||
| CDMAC0274 | 346153 | 7566996 | 1310 | 31 | 2.0 | 10.0 | 8.0 |
| CDMAC0275 | 346202 | 7566989 | 1316 | 20.4 | 2.0 | 14.0 | 12.0 |
| CDMAC0278 | 346145 | 7566921 | 1326 | 29 | 4.0 | 14.0 | 10.0 |
| CDMAC0279 | 346039 | 7567004 | 1322 | 34 | 2.0 | 18.0 | 16.0 |
| CDMAC0280 | 346042 | 7567049 | 1320 | 34 | 8.0 | 16.0 | 8.0 |
| CDMAC0281 | 345998 | 7567048 | 1324 | 34 | 4.0 | 6.0 | 2.0 |
| 8.0 | 12.0 | 4.0 | |||||
| CDMAC0282 | 345950 | 7567050 | 1326 | 40.5 | 8.0 | 14.0 | 6.0 |
| CDMAC0283 | 345940 | 7567100 | 1318 | 42 | 14.0 | 18.0 | 4.0 |
==> picture [82 x 24] intentionally omitted <==
Meteoric Resources ABN 64 107 985 651 Level 1, 33 Ord Street, West Perth WA 6005 www.meteoric.com.au | Page 12 of 15
==> picture [596 x 69] intentionally omitted <==
| Hole_ID | East | North | RL | Depth | From (m) |
To (m) |
Interval |
|---|---|---|---|---|---|---|---|
| CDMAC0284 | 345903 | 7567101 | 1320 | 43 | 2.0 | 4.0 | 2.0 |
| 6.0 | 10.0 | 4.0 | |||||
| 12.0 | 20.0 | 8.0 | |||||
| CDMAC0285 | 345899 | 7567146 | 1313 | 26 | 2.0 | 4.0 | 2.0 |
| 12.0 | 14.0 | 2.0 | |||||
| CDMAC0288 | 346017 | 7567190 | 1293 | 24 | 2.0 | 4.0 | 2.0 |
| 6.0 | 10.0 | 4.0 | |||||
| CDMAC0292 | 346001 | 7567102 | 1313 | 32.6 | 2.0 | 4.0 | 2.0 |
| 6.0 | 16.0 | 10.0 | |||||
| CDMAC0296 | 346047 | 7567098 | 1308 | 50 | 2.0 | 4.0 | 2.0 |
| 6.0 | 10.0 | 4.0 | |||||
| CDMAC0300 | 345804 | 7567149 | 1323 | 33 | 6.0 | 10.0 | 4.0 |
| 12.0 | 14.0 | 2.0 | |||||
| CDMAC0302 | 345849 | 7567203 | 1318 | 32 | 2.0 | 24.0 | 22.0 |
| CDMAC0303 | 345899 | 7567202 | 1306 | 15.7 | 2.0 | 12.0 | 10.0 |
| CDMAC0304 | 345897 | 7567250 | 1311 | 37 | 8.0 | 18.0 | 10.0 |
| CDMAC0307 | 345818 | 7567295 | 1304 | 18 | 10.0 | 16.0 | 6.0 |
| CDMAC0310 | 345900 | 7567347 | 1303 | 22 | 14.0 | 18.0 | 4.0 |
| CDMAC0312 | 345998 | 7567383 | 1281 | 15 | 2.0 | 6.0 | 4.0 |
| CDMAC0313 | 345992 | 7567350 | 1286 | 34 | 6.0 | 8.0 | 2.0 |
| CDMAC0314 | 345949 | 7567348 | 1292 | 20.6 | 6.0 | 8.0 | 2.0 |
| CDMAC0315 | 345946 | 7567301 | 1298 | 27.4 | 2.0 | 8.0 | 6.0 |
| CDMAC0318 | 346051 | 7567348 | 1277 | 30 | 6.0 | 10.0 | 4.0 |
| CDMAC0322 | 345930 | 7567193 | 1302 | 31 | 2.0 | 10.0 | 8.0 |
| CDMAC0328 | 345747 | 7567290 | 1308 | 30 | 8.0 | 10.0 | 2.0 |
| 14.0 | 18.0 | 4.0 | |||||
| CDMAC0331 | 347848 | 7567653 | 1299 | 15 | 8.0 | 10.0 | 2.0 |
| 12.0 | 14.0 | 2.0 | |||||
| CDMAC0332 | 347848 | 7567702 | 1298 | 13 | 8.0 | 13.0 | 5.0 |
| CDMAC0336 | 347889 | 7567808 | 1300 | 22 | 8.0 | 16.0 | 8.0 |
| CDMAC0342 | 347600 | 7567702 | 1301 | 17.4 | 2.0 | 10.0 | 8.0 |
==> picture [82 x 24] intentionally omitted <==
Meteoric Resources ABN 64 107 985 651 Level 1, 33 Ord Street, West Perth WA 6005 www.meteoric.com.au | Page 13 of 15
==> picture [596 x 69] intentionally omitted <==
| Hole_ID | East | North | RL | Depth | From (m) |
To (m) |
Interval |
|---|---|---|---|---|---|---|---|
| CDMAC0346 | 347701 | 7567700 | 1314 | 19.2 | 4.0 | 10.0 | 6.0 |
| CDMAC0347 | 347348 | 7567748 | 1268 | 16 | 2.0 | 10.0 | 8.0 |
| CDMAC0349 | 347397 | 7567701 | 1278 | 28 | 4.0 | 10.0 | 6.0 |
| CDMAC0368 | 347900 | 7567610 | 1292 | 24 | 2.0 | 4.0 | 2.0 |
| 6.0 | 10.0 | 4.0 | |||||
| CDMAC0371 | 347900 | 7567400 | 1310 | 27 | 10.0 | 14.0 | 4.0 |
| CDMAC0399 | 347345 | 7567020 | 1293 | 11 | 4.0 | 10.0 | 6.0 |
| CDMAC0403 | 347480 | 7567049 | 1304 | 13.2 | 2.0 | 4.0 | 2.0 |
| 6.0 | 13.2 | 7.2 | |||||
| CDMAC0405 | 347685 | 7567000 | 1325 | 24 | 6.0 | 10.0 | 4.0 |
| CDMAC0409 | 347917 | 7566937 | 1310 | 21.8 | 8.0 | 12.0 | 4.0 |
| CDMAC0411 | 347697 | 7566799 | 1304 | 15 | 6.0 | 10.0 | 4.0 |
| CDMAC0419 | 348017 | 7567000 | 1301 | 19 | 8.0 | 10.0 | 2.0 |
| 12.0 | 16.0 | 4.0 | |||||
| CDMAC0420 | 345602 | 7567196 | 1319 | 34 | 8 | 12 | 4 |
| 14 | 16 | 2 | |||||
| CDMAC0425 | 345499 | 7567400 | 1312 | 25 | 12 | 16 | 4 |
| CDMAC0449 | 345698 | 7567604 | 1297 | 12.5 | 2 | 12.5 | 10.5 |
| CDMAC0465 | 347307 | 7566803 | 1283 | 13 | 4 | 10 | 6 |
| CDMAC0469 | 347389 | 7566802 | 1274 | 20 | 4 | 8 | 4 |
| CDMAC0473 | 347299 | 7566654 | 1292 | 24 | 6 | 8 | 2 |
| CDMAC0475 | 347199 | 7566796 | 1297 | 16 | 2 | 10 | 8 |
| CDMAC0480 | 346985 | 7566651 | 1296 | 15.5 | 2 | 10 | 8 |
==> picture [82 x 24] intentionally omitted <==
Meteoric Resources ABN 64 107 985 651 Level 1, 33 Ord Street, West Perth WA 6005 www.meteoric.com.au | Page 14 of 15
==> picture [596 x 69] intentionally omitted <==
Competent Person Statement
The information in this announcement that relates to exploration results is based on information reviewed, collated and fairly represented by Dr Carvalho a Competent Person and aa Member of the Australasian Institute of Mining and Metallurgy and an Executive Director of Meteoric Resources NL. Dr. Carvalho has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which has been undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr. Carvalho consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.
The information in this announcement that relates to the metallurgical results were compiled by Tony Hadley who is an employee of Meteoric resources and is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr. Hadley has sufficient experience that is relevant to the metallurgical testwork which was undertaken to qualify as a Competent Person as defined in the 2012 JORC Code. Mr. Hadley consents to the inclusion in this announcement of the matters based on the information in the form and context in which it appears.
==> picture [82 x 24] intentionally omitted <==
Meteoric Resources ABN 64 107 985 651 Level 1, 33 Ord Street, West Perth WA 6005 www.meteoric.com.au | Page 15 of 15