METEORIC RESOURCES NL — Interim / Quarterly Report 2015

Jul 30, 2015

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QUARTERLY REPORT

FOR THE QUARTER ENDED 30 JUNE 2015

W E B B

Meteoric Resources NL ABN 64 107 985 651

(Meteoric 25% and right to acquire 19% of E80/4506, diluting).

ASX Codes: MEI and MEICA

An infill loam sampling programme was commenced within the Webb Diamond Project Area during the Quarter. To date a total of 57 samples have been collected with a combined total weight of 5.6 tonnes and with each sample comprising approximately 100kg of -1mm screened material. The primary aim of this programme is to further delineate a significant surface micro-diamond anomaly (refer to MEI ASX release 23 April 2015) identified as a consequence of previous surface loam sampling programmes and to identify any potential diamondiferous kimberlite targets for drill testing. Processing of the samples has commenced and initial results are expected by mid-August. On completion of the loam sampling programme and the receipt and interpretation of all results it is anticipated that drill testing of additional kimberlite targets within the Webb Diamond Project will be undertaken.

Registered Office: 22 Delhi Street West Perth WA 6005

T +61 8 9485 2836 F +61 8 9321 6571 E info@meteoric.com.au PO Box 963 West Perth WA 6872

Issued Capital :

Shares - Quoted: 129,253,682 fully paid shares 27,504,727 contributing shares

During the quarter, Meteoric elected not to contribute to the infill sampling programme and will consequently proportionally dilute its interest on a programme by programme basis.

Options - Unquoted: 230,000 options exercisable at $0.2370 by 21.12.2015 2,550,000 options exercisable at $0.0915 by 27.12.2016 5,000,000 options exercisable at $0.045 by 31.1.2017

B A R K L Y C O P P E R - G O L D P R O J E C T

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(Meteoric 30%, subject to farmout)

Blaze International Limited (BLZ) is in a Farm-In Joint Venture Agreement with Meteoric Resources NL (Barkly JV) over the highly prospective Barkly Copper-Gold project . The project is located around 30 km east of the town of Tennant Creek in the Northern Territory (Figure 1).

Directors:

Neville Bassett Non-Executive Chairman Graeme Clatworthy Executive Director

George Sakalidis Executive Technical Director

The Bluebird copper-gold prospect at the Barkly Project is emerging as a significant new discovery for BLZ. Drilling has identified a Tennant Creek-style copper-gold-bismuth mineralised occurrence at Bluebird, with only a small amount of extra drilling required to estimate a JORC 2012 mineral resource. Mineralisation is open to the east, west, and at depth.

Figure 1 - Location of the Barkly Cu-Au-Bi project

Nine “Bluebird Lookalike” magnetic/gravity exploration targets have been identified within the Barkly JV exploration licence. BLZ believes these targets have the potential to produce further new discoveries in the area.

W o r k C o m p l e t e d

Given the positive results of the downhole probing completed on BBDD0004 during the previous quarter, confirming the electrical conductivity of the copper sulphides intersected, a DHTEM survey was planned for

METEORIC RESOURCES NL – QUARTERLY REPORT – 30 JUNE 2015

the hole during this quarter. The DHTEM survey was not completed before the end of the quarter due to the unnecessary costs involved in mobilising an EM crew to the area for a short contract.

BLZ has engaged an EM contractor, but is waiting for the crew to be in the vicinity before committing to the survey of BBDD0004. This will keep mobilisation costs to a minimum and maximise the cost effectiveness of the survey. The survey will take place as soon as possible.

Detailed 3D modelling and drill planning for Phase III were also completed during the quarter. Of particular importance was the modelling of the Harpic Fault which caused the geotechnical issues encountered by earlier phases of drilling. 3D modelling of the fault will allow its position to be predicted so that the ground stability issues it causes can be mitigated for future drilling.

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Figure 2 - Long section of Bluebird, looking north showing copper equivalent (CuEQ%) x m** contours. Note the priority drill targets marked by dark grey hatching, and the two abandoned holes BBRC0012 and BBRC0013.

**CuEQ grade is calculated by combining the metals of interest based on their prices. In this case Cu% + (Au ppm x 0.66) + (Bi% x 3.84) = CuEQ%. It is used as a visualisation tool only and is required at Bluebird due to the poly metallic and strongly zoned nature of the mineralisation. In this situation a CuEQ% provides a better picture of the overall geometry of the mineralisation than by using copper or gold grade alone. Metallurgical recoveries were not taken into account when calculating CuEQ%. CuEQ% x m is used for the contouring to give a spatial representation of total metal accumulation.

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METEORIC RESOURCES NL – QUARTERLY REPORT – 30 JUNE 2015

Phase III drilling will aim to test the following:

1. The interpreted high grade gold position on the lower ironstone contact (see Figures 3, 4 and 5)

2. Extend the primary copper-gold-bismuth mineralisation at depth (see hatched lower target area in Figure 2)

3. Test the lateral extents of the supergene enrichment zone (see the east and west hatched target areas in Figure 2)

4. Test the magnetic anomaly generated by the 3D magnetic probe survey completed on BBDD0004

5. Test any off-hole conductors generated by the upcoming DHTEM survey of BBDD0004

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Figure 3 - Cross section at 448380mE, looking west. Note that diamond drilling of BBRC0012 was abandoned without any advancement beyond the end of the RC hole

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METEORIC RESOURCES NL – QUARTERLY REPORT – 30 JUNE 2015

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Figure 4 - Cross section at 448400mE, looking west. Note the hematite shales and chlorite hematite breccia in the footwall which are anomalous in copper

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Figure 5 - Cross section at 448360mE, looking west, showing recent drilling results. Note BBRC0013 diamond drilling was abandoned at 185m, after 6m of coring

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METEORIC RESOURCES NL – QUARTERLY REPORT – 30 JUNE 2015

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Figure 6 - Cross section at 448420mE, looking west. Note the apparent change in dip. BBRC0008 was successfully completed by diamond drilling, but with significant core loss on the lower ironstone contact

O t h e r T a r g e t s W i t h i n T h e B a r k l y P r o j e c t

Reprocessing of magnetic and gravity geophysical datasets has allowed Blaze geologists to fingerprint the signature of the Bluebird host ironstone and identify other similar features within the Barkly Project area. A number of targets have been generated and ranked based on coincident magnetic, gravity, and/or geochemical anomalies similar to Bluebird or other deposits in the Tennant Creek Mineral Field (TCMF). Each of these has the potential to host mineralisation similar to Bluebird.

Nine targets rank as very high priority based on remnant magnetism similar to Bluebird, proximity to the gravity ridge and strike extensions of Bluebird, and the coincidence of geochemistry and/or gravity anomalies (Figure 7).

The highest ranking targets are Red Parrot and Dillon. These are located directly along strike to the east of Bluebird, are on the gravity ridge, have a similar remnant magnetic response to Bluebird, and are both associated with gold grades of up to 0.6g/t in historic RAB and RC drilling (Figures 7, 8 and 9).

Another target of particular interest is General Electric (Figure 7). This is a large body of strongly magnetic material with a deep root system. 3D inversion modelling of the ground magnetics has substantially refined this anomaly. General Electric hosts several remnant magnetic features and coincident gravity anomalies, which will be the initial focus of follow-up activity over this high priority target.

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METEORIC RESOURCES NL – QUARTERLY REPORT – 30 JUNE 2015

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Figure 7 - First vertical derivative ground magnetic image of the Barkly project showing remnant magnetic anomalies as white stars, high priority targets as labelled yellow stars, NE trending structural interpretation as black lines and the gravity ridge in light grey hatching.

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Figure 8 - Residual gravity image of the Barkly project showing remnant magnetic anomalies with white stars, high priority targets as labelled yellow stars, NE trending structural interpretation as black lines and the gravity ridge hatched in light grey.

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METEORIC RESOURCES NL – QUARTERLY REPORT – 30 JUNE 2015

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Figure 9 - Longitudinal projection of the Bluebird Trend looking north, showing successful drillhole pierce points in grey circles, labelled with significant intercepts where appropriate, and high priority targets in red stars. Bluebird mineralisation is shown in red. Note the proximity of Dillon and Red Parrot to significant historic intercepts.

D i s c u s s i o n a n d F o l l o w - U p P l a n s f o r B l u e b i r d

A JORC 2012 mineral resource estimate is intended to be published after the completion of Phase III drilling. A high level scoping study will commence after the publication of a JORC 2012 mineral resource estimate.

W A R R E G O N O R T H

(Meteoric 100%)

Meteoric holds three granted exploration licences over magnetic anomalies near the old Warrego coppergold mine (production 1.3Mozs gold and 91,000t copper), the largest mine in the Tennant Creek mineral field. Previous exploration has identified several large high magnetic susceptibility targets, some with pronounced coincident gravity anomalies similar in character to quartz-magnetite-chlorite ironstones associated with high grade copper-gold-bismuth mineralisation elsewhere in the mineral field. The largest target is Parakeet, 15km NW of Warrego, where drilling has intersected anomalous copper-gold-bismuth values and ironstone alteration.

During the quarter Bulletin Resources Ltd withdrew from its intention to enter into a farmin arrangement on these tenements. Meteoric has initiated discussions with other interested parties with a view to introducing another partner to facilitate testing of these attractive copper-gold targets.

P E R S E V E R A N C E

(Meteoric 68.43%, Emmerson Resources 31.57%)

Following grant of a permit to carry out geophysical surveys and drilling, Meteoric has commenced discussions regarding a possible farmout of its interest in this copper-gold prospect near Bluebird, subject to agreement from its existing joint venture partner.

W I L T H O R P E

(Meteoric 0%)

During the quarter a mining lease was granted over the gold resources at Wilthorpe, completing the conditions for the sale of these tenements (MEI ASX release 12 March 2015). Meteoric has received the first of four cash payments pursuant to the sale agreement.

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METEORIC RESOURCES NL – QUARTERLY REPORT – 30 JUNE 2015

C O O R A R A

(Meteoric 100%, subject to farmout)

Meteoric holds a 40km strike length of banded iron formations (BIF) in the South Yilgarn iron province within trucking distance of the multi-user Trans Australian Railway. The BIF sequences have demonstrated potential for both goethite-hematite and magnetite iron ores. During the quarter, Matsa Resources Ltd carried out a review of all previous exploration on the tenement.

C O R T E G A N A

(Meteoric 100%, application)

Meteoric has applied for an Investigation Permit over crystalline, coarse flake graphite occurrences and old graphite mines in the Aracena Metamorphic Belt, Huelva province, Spain. No modern exploration has been carried out in this old mining district and Meteoric anticipates that airborne EM techniques should be very effective in identifying target areas for high grade graphite in an area close to markets in Europe. Meteoric is currently in discussions with the authorities in Huelva in order to expedite the grant of this permit and intends to commence discussions regarding a possible farmout of its interest in this prospect.

C O R P O R A T E

As previously reported (MEI ASX release 29 April 2015), Meteoric issued 14 million fully paid shares to raise $112,000 and announced its intention to issue an additional 30 million fully paid shares to raise a further $240,000, subject to shareholder approval. The funds will be used for existing projects, investigating new opportunities and for general working capital.

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

Please direct enquiries to: Graeme Clatworthy George Sakalidis Executive Director Executive Technical Director Phone +61 8 9485 2836 Phone +61 8 9485 2836 Mob 0418 902 341 Mob 0411 640 337

Competent Person Statements

The information in this report that relates to non-Barkly Copper-Gold Project exploration results is based on information compiled or reviewed by Roger Thomson BSc (Hons), ARSM, a Competent Person, who is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Roger Thomson is a self-employed consultant to Meteoric Resources. 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 2012 edition of the ‘Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Roger Thomson consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to the Barkly Copper-Gold Project exploration results is based on information compiled or reviewed by Luke Marshall, who is a full time employee of Golden Deeps Limited, consulting to Blaze International Limited and a Member of the Australian Institute of Geoscientists. Mr Marshall 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 2012 edition of the ‘Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Marshall consents to the inclusion in the report of the matters based on his information in the form and context in which it appears in the BLZ report and duplicated into this report in its entirety.

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METEORIC RESOURCES NL – QUARTERLY REPORT – 30 JUNE 2015

APPENDIX 1

TENEMENT HOLDINGS AT 30 JUNE 2015

Tenement	Nature of Interest	Project	Ownership (%)	Change in Quarter
E16/0372	Granted	COORARA	Diluting from 100%
E52/2067	Granted	WILTHORPE	0%	Increased from 90% to 100%, converted to M52/1067 then sold
E52/2627	Granted	WILTHORPE	0%	Increased from 90% to 100% then sold
M52/1067	Granted	WILTHORPE	0%	Converted from E52/2067, increased from 90% to 100%, granted then sold
E80/4235	Granted	ELIZABETH HILLS (Webb JV)	25%	Diluted
E80/4407	Granted	ANGAS HILL (Webb JV)	25%	Diluted
E80/4506	Granted	WEBB DIAMONDS (Webb JV)	Rights to 19%	Diluted
E80/4737	Granted	WEBB DIAMONDS (Webb JV)	25%	Diluted
EL30057	Application	WEBB DIAMONDS (Webb JV)	25%	Diluted
E80/4914	Application	WEBB DIAMONDS (Webb JV)	25%	Diluted
E80/4815	Granted	LAKE MACKAY (Webb JV)	25%	Diluted
E80/4816	Granted	LAKE MACKAY (Webb JV)	0%	Surrendered
E80/4863	Granted	KIWIRKURRA	25%	Diluted
E80/4950	Application	WEBB DIAMONDS (Webb JV)	25%	Application, diluted
EL23764	Granted	WARREGO NORTH	100%
EL24255	Granted	WARREGO NORTH	100%
EL24257	Application	WARREGO SOUTH	100%
EL24363	Granted	WARREGO NORTH	100%
EL28693	Application	WARREGO NORTH	100%
EL30666	Application	MONUMENT HILL	100%
EL30701	Application	R29 BABBLER	100%
MLC217	Granted	PERSEVERANCE	68.43%
MLC218	Granted	PERSEVERANCE	68.43%
MLC219	Granted	PERSEVERANCE	68.43%
MLC220	Granted	PERSEVERANCE	68.43%
MLC221	Granted	PERSEVERANCE	68.43%
MLC222	Granted	PERSEVERANCE	68.43%
MLC223	Granted	PERSEVERANCE	68.43%
MLC224	Granted	PERSEVERANCE	68.43%
MLC57	Granted	PERSEVERANCE	68.43%
EL28620	Granted	BARKLY	30%	Diluting
H14913	Application	CORTEGANA - SPAIN	100%

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