METEORIC RESOURCES NL — Interim / Quarterly Report 2012

Jan 30, 2012

==> picture [142 x 41] intentionally omitted <==

MINING EXPLORATION ENTITY QUARTERLY REPORT APPENDIX 5B

Name of entity:

METEORIC RESOURCES NL ABN: Quarter ended (“current quarter”) 64 107 985 651 31/12/2011 Consolidated statement of cash flows Current quarter $AUD’000 Year to date (6 months) $AUD’000 Cash flows related to operating activities 1.1 Receipts from product sales, related debtors, GST Credits 17 52 1.2 Payments for: (a) exploration and evaluation (199) (417) (b) development (c) production (d) administration (170) (295) 1.3 Dividends received 1.4 Interest and other items of a similar nature received 15 28 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows (337) (632)	METEORIC RESOURCES NL	METEORIC RESOURCES NL	METEORIC RESOURCES NL	METEORIC RESOURCES NL
			Quarter ended (“current quarter”)
			31/12/2011
		Current quarter $AUD’000		Year to date (6 months) $AUD’000
		17 (199) (170) 15		52 (417) (295) 28
		(337)		(632)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans advanced by/repaid to other entities 1.12 Other (Loan repayments to associated company) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)
		-		-
		(337)		(632)

Page | 1

==> picture [142 x 41] intentionally omitted <==

1.13 Total operating and investing cash flows (brought forward)	(337)	(632)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) – Share issue expenses Net financing cash flows
	-	-
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter	(337) 1,274	(632) 1,569
	937	937

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to the parties included in item 1.10	Current quarter $AUD'000
	58

• 1.25 Explanation necessary for an understanding of the transactions

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

• N/A

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

• N/A

Financing facilities available

		Amount available	Amount used
		$AUD’000	$AUD’000
3.1	Loan facilities
3.2	Credit standby arrangements

Page | 2

==> picture [142 x 41] intentionally omitted <==

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$AUD’000
	150
	80
Total	230

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $AUD’000	Previous quarter $AUD’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details) – Short Term Deposits	37	73
	900	1,201
Total: cash at end of quarter(item 1.22)	937	1,274

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest	Interest at beginning of quarter	Interest at end of quarter
	E80/4234	Relinquished	100%	0%
	EL28620 E16/426	Granted Granted	51% 100%	51% 100%

Page | 3

==> picture [142 x 41] intentionally omitted <==

Issued and quoted securities at end of current quarter

	Total number	Number quoted	Issue price per security (cents)	Amount paid-up per security (cents)
7.1 Preference securities 7.2 Issued during quarter	N/A
7.3 Ordinary securities Fully paid Partly paid 7.4 Issued during quarter
	74,029,251	74,029,251
	27,504,727	27,504,727
7.5 Convertible debt securities 7.6 Issued during quarter	N/A
7.7 Options Over fully paid shares Over fully paid shares Over fully paid shares 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter			Exerciseprice	Expiry date
	2,580,000	Not Quoted	$0.2249	23/12/2014
	230,000	Not Quoted	$0.2370	21/12/2015
	2,550,000	Not Quoted	$0.0915	27/12/2016
	2,550,000	Not Quoted	$0.0915	27/12/2016
	Nil
	2,400,000	Not Quoted	$0.065	16/11/2011
7.11 Debentures	N/A
7.12 Unsecured notes	N/A

Compliance statement

1. This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX.

2. This statement does give a true and fair view of the matters disclosed.

==> picture [124 x 38] intentionally omitted <==

Rudolf Tieleman Company Secretary Date: 31 January 2012

Page | 4