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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.

  • Upgrade MREC values by removing low value elements such as Lanthanum.

  • Increase Magnetic REO content of Meteoric’s MREC to 72% of TREO (MREO currently~30% in MREC).

  • Retain other rare earth elements for potential further downstream separation.

  • 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:

  • Extracting a concentrated mix of Nd, Pr, Dy, and Tb chlorides - the high-value metals that go into magnets.

  • 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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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:

  • 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.

  • Flowsheet Integration: Explore how FJH-based processing can be integrated with Meteoric’s broader downstream strategy.

  • Commercial Structuring : Consider potential arrangements including technology licensing, processing fees, and/or joint development models for downstream refining.

  • Scale-Up Planning : Support engineering and process development activities needed to assess commercial deployment options.

  • Data and Information Sharing: Share technical data as required to assess the viability of a longterm processing relationship.

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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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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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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

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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

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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 11 of 15

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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

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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 12 of 15

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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

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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 13 of 15

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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

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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 14 of 15

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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.

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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 15 of 15