METEORIC RESOURCES NL — Interim / Quarterly Report 2012

Jan 29, 2013

QUARTERLY REPORT for the Quarter Ended 31 December 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

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: $603k

Directors:

Peter Thomas

BARKLY (Meteoric mostly 100%)

During the quarter Meteoric Resources completed a 3-hole, 392m reverse circulation drilling programme to test an EM conductor and to test below two previous anomalous RAB intersections on the Bluebird gravity ridge, some 30km east of Tennant Creek. The gravity ridge is interpreted to reflect extensive hematite alteration, a favourable host for high-grade Tennant Creek-style copper-gold mineralistion.

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Figure 1 Bluebird Drill Section 448400E

Non-Executive Chairman

Graeme Clatworthy

Executive Director George Sakalidis Non-Executive Director

Neville Bassett Non-Executive Director Michael Robson Non-Executive Director

Drill hole BBRC-2 tested down-dip from an intersection of 8m @ 1.0% Cu and 0.29g/t Au in hole TBRB-717. The drill hole intersected 22m of hematite ironstone before being terminated in the ironstone at 137m because of poor drilling conditions. Significantly, the upper part of the ironstone contains an intersection of 4m @ 4.69% Cu and 0.38g/t Au from 115m (0.5% Cu cut-off), as shown in Figure 1 and Table 1. The remainder of the ironstone contains anomalous copper levels ranging from 0.17%0.29% Cu, however there was some sample loss in this section which may result in underestimation of the grade if mineralised fines were lost. The target ironstone is surrounded by a broad anomalous copper halo with evidence of talc-chlorite alteration, the ironstone appears to be widening with depth. No sulphides are evident in the ironstone, which appears to be deeply weathered.

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Drill hole BBRC-3 tested down-dip from an intersection of 8m @ 0.18% Cu and 0.44g/t Au from 72m in hole TBRB-744. BBRC-3 is situated 120m east of BBRC-2 and in the centre of a pronounced gravity high within the Bluebird gravity ridge. The hole intersected 10m of copper-anomalous hematite alteration from 64m. Down-hole EM surveys in BBRC-2 and BBRC-3 did not detect any significant conductors, however this may be due to deep weathering and/or a disseminated sulphide mineralisation style not detected by EM methods.

Table 1 Bluebird Drilling Results

Hole Number	CollarE	Co-ordinatesN	Co-ordinatesN	From	To	Interval	Cu	Au	Au
				m	m	m	%	g/t
BBRC-1*	448330	7827205	5				nsi
BBRC-2	448400	782705includin	0g	112116	120120	84	2.203.70	0.260.30
BBRC-3	448520	782703	0	64	72	8	0.03	-

4m composite samples, aqua regia digestion, Au by AAS analysis, Cu by ICPAES analysis. Azimuth 360°, dip – 60° unless otherwise marked.

*Azimuth 090°, dip – 60°. nsi – no significant intersection.

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Figure 2 Bluebird Gravity Image Showing Copper Geochemistry and Drill Intercepts

Drill hole BBRC-1 tested a ground EM anomaly on the gravity ridge and intersected weathered siltstones but did not intersect mineralisation. A down-hole EM survey did not identify any offhole conductors indicative of a near miss. The ground EM anomaly may have been the result of super paramagnetic effects caused by near surface ion oxides.

The drilling has confirmed the presence of a mineralised ironstone associated with a 600m-long geochemical anomaly (open to the east) associated with a larger gravity ridge, as shown in Figure 2. The gravity ridge extends to the west of the drilled area however it is not currently accessible because of an exclusion zone around an aboriginal site. The copper anomalism,

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hematite ironstone and talc-chlorite alteration are all favourable indicators of Tennant Creekstyle copper-gold mineralisation within this 1.6km-long gravity ridge target.

TIBOOBURRA (Meteoric 51%)

Following a review of this project, Meteoric has decided to divest its 51% interest in three exploration licences covering parts of the Tibooburra gold field 300km north of Broken Hill, NSW. Discussions with interested parties are currently in progress.

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 iron ores 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 is 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 at Harrods Central and Harrods South.

WEBB (Meteoric 100% and right to acquire 90% of E80/4506)

Meteoric holds 500sq km of tenements in the unexplored West Arunta region of WA covering numerous discrete circular aeromagnetic anomalies interpreted to reflect a possible kimberlite or lamproite pipe field. During the quarter Meteoric amended its agreement with diamond explorer GeoCrystal Ltd. The requirement of GeoCrystal to list on ASX prior to 21 December 2012 has been replaced with a requirement for GeoCrystal to complete adequate fund raising to cover the first phase of exploration drilling, by 1 February 2013.

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%)

Black Ridge Mining has withdrawn from this vanadium farmin agreement near Windimurra. The exploration licence covers a 2km strike length of the Atley Igneous Complex, a layered mafic intrusion containing vanadium-bearing magnetic horizons. The tenement also covers a 4km strike length of the Youanmi Shear Zone which has demonstrated gold potential evident from historical wide-spaced drilling. Meteoric is currently reviewing the gold potential of this tenement.

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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%)

During the quarter Meteoric lodged an application and supporting documentation for a 65sq km investigation permit over crystalline, coarse flake crystalline graphite occurrences in the Aracena Metamorphic Belt, Huelva province in SW Spain. 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. No modern exploration has been carried out in this dormant mining area. Meteoric anticipates that airborne EM techniques should be highly effective in identifying priority target areas for high-grade graphite.

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

Please direct enquiries to: Graeme Clatworthy George Sakalidis Executive Director Non-Executive Director Phone: +61 8 6311 2008 Phone: +61 8 9485 2836

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 consultant to 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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