METEORIC RESOURCES NL — Interim / Quarterly Report 2012

Oct 30, 2012

QUARTERLY REPORT for the Quarter Ended 30 September 2012

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Meteoric Resources NL ABN 64 107 985 651

ASX Codes: MEI and MEICA

16 Ord Street West Perth WA 6005

T +61 8 9485 2836 F +61 8 9485 2840 E info@meteoric.com.au

PO Box 963 West Perth WA 6872

BARKLY (Meteoric mostly 100%)

A ground electromagnetic (EM) survey has identified a strong conductor at Meteoric’s 100% owned Bluebird copper-gold prospect about 30km east of Tennant Creek NT, where Meteoric is targeting high value Tennant Creekstyle copper-gold mineralisation. The fixed loop EM survey results show a strong localised conductor (BRK1-C1) close to drill hole TBRB717 which intersected 8m @ 1.0% Cu from 72m and 12m @ 0.29g/t Au from 68m to end of hole as shown in Figure 1.

Issued Capital : Shares - Quoted:

85,113,867 fully paid shares 27,504,527 contributing shares

Options - Unquoted: 2,580,000 options exercisable at $0.2249 by 23.12.2014 230,000 options exercisable at $0.2370 by 21.12.2015 2,550,000 options exercisable at $0.0915 by 27.12.2016

Cash: $902k

Directors:

Peter Thomas Chairman

Roger Thomson Managing Director George Sakalidis Executive Director

The EM survey was completed over a 1.8km strike length of a gravity ridge coinciding with a bedrock copper anomaly and copper-gold intersections from Meteoric’s previous RAB drilling. The gravity ridge is interpreted to reflect hematite and/or magnetite alteration commonly associated with copper-gold mineralisation in the Tennant Creek mineral field.

Four other EM anomalies were identified along the gravity ridge to the east of BRK1-C1, one of which coincides with anomalies copper-gold in drill hole TBRB762 (4m @ 0.1% Cu from 20m and 4m @ 0.11 g/t Au from 44m). In addition a moderately strong EM conductor was identified in a parallel trend to the north of Bluebird, however this appears to be stratigraphic in nature rather than a discrete Tennant Creek style copper-gold target.

After the end of the quarter three reverse circulation drill holes were completed, testing the BRK1-C1 conductor; drilling below the mineralisation intersected in TBRB717; and testing an EM conductor and gravity high about 100m east of TBRB717. Ironstone alteration was intersected however no massive sulphides were identified. Sample logging and analyses are in progress.

TIBOOBURRA (Meteoric 51%)

As previously reported, Meteoric has earned a 51% interest in three exploration licences at the Tibooburra gold field about 300km north of Broken Hill, NSW. Following the earn-in a joint venture agreement is in the process of being finalised.

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Figure 1 Bluebird Conductivity Image Showing Target Conductors And Previous Drilling Results

COORARA (Meteoric 100%)

Meteoric holds a 40km strike length of banded iron formations in the South Yilgarn iron province within trucking distance of the multi-user Trans Australian Railway. The iron formations have demonstrated potential for both goethite-hematite and magnetite as indicated from Meteoric’s’ limited drilling to date. Meteoric is seeking a partner to assist in the evaluation of these iron formations.

ROBINSON RANGE (Meteoric 100%)

Meteoric are seeking expressions of interest for the purchase of this project in the Mid West iron ore province, where sampling has indicated ore grade hematite-goethite outcrops of Proterozoic banded iron formations.

WILTHORPE (Meteoric 90%)

Meteoric is seeking expressions of interest for the purchase of this 61,000oz gold resource identified Harrods Central and Harrods South.

WEBB (Meteoric 100% or right to acquire 90%)

During the quarter meteoric signed a joint venture agreement with diamond explorer GeoCrystal Limited whereby GeoCrystal may earn up to 70% of Meteoric’s interest in

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tenements covering a possible kimberlite or lamproite pipe field in the West Arunta region of WA. The agreement is subject to GeoCrystal listing ASX prior to 21 December 2012.

GOLDEN VALLEY (Meteoric 90%)

Previous RC Drilling by Meteoric on the Rutherford’s Find prospect intersected gold mineralisation over a 250m strike length with a best intersection of 4m @ 10.1g/t Au from 71m. Meteoric is seeking expressions of interest for the purchase of this gold project.

UNALY HILL SOUTH (Meteoric 100%, diluting)

Meteoric’s’ Unaly Hill South exploration licence covers a 2km strike length of the Atley Igneous Complex, a layered mafic intrusion containing vanadium-bearing magnetite horizons similar to the nearby Windimirra Complex currently in development. Black Ridge Mining may earn up to a 70% interest by sole funding exploration. No activity was reported during the quarter.

WARREGO (Meteoric 100%, diluting)

Joint venturer Sipa Resources is currently reviewing the results of an aeromagnetic and radiometric survey completed on Meteoric’s tenements near the old Warrego copper-gold mine near Tennant Creek, NT.

CORTEGANA COARSE FLAKE GRAPHITE (Meteoric 100%)

After the end of the quarter Meteoric Resources lodged a 65sq km investigation permit application over crystalline, coarse flake graphite occurrences in the Aracena Metamorphic Belt, Huelva province in SW Spain (MEI ASX release 17 October 2012). Several stratabound graphite occurrences and former small mines occur over an 11km strike length within a sequence of high grade metamorphic rocks near the small town of Cortegana. The permit application is subject to supporting documentation being lodged within sixty days. In the meantime Meteoric is carrying out a desktop study of the graphite occurrences in this old mining area.

For more information on the company visit www.meteoric.com.au

Please direct enquiries to: Roger Thomson George Sakalidis Managing Director Executive Director – Exploration Phone (08) 9485 2836 Phone (08) 9485 2836 Mob 0419 969 183 Mob 0411 640 337

The information in this report that relates to exploration is based on information compiled or reviewed by Roger Thomson BSc, ARSM, MAusIMM, who is a Member of the Australian Institute of Geoscientists. Roger Thomson is a director of Meteoric Resources NL. Roger Thomson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Roger Thomson consents to the inclusion of this information in the form and context in which it appears in this report

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