METEORIC RESOURCES NL — Investor Presentation 2017

Sep 25, 2017

ENETEORIC
RESOURCES

ASX: MEI

Disclaimer

The material in this presentation has been prepared by Meteoric Resources and is general background information about Meteoric's activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation. including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs.

Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk.

This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Meteoric's businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward looking statements. Meteoric does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside Meteoric's control. Past performance is not a reliable indication of future performance.

Competent Person Statement

The information in this presentation that relates to the Midrim/Laforce, Iron Mask and Mulligan Projects is based on information compiled and fairly represented by Mr Jonathan King, who is a Member of the Australian Institute of Geoscientists and a consultant to Meteoric Resources Limited. Mr King, a fulltime employee of Collective Prosperity Pty Ltd, has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he has 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. Mr King consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

Project Overview

MIDRIM AND LA FORCE Quebec, Canada - Polymetallic

• 46,000m core; only partially assayed $\bullet$
• 36 drill-ready targets identified by Falconbridge
• AUD\$20M+ of historical exploration work obtained
• Significant drill results (Midrim):
• MR00-05, 37.93m at 2.07% Cu, 1.98% Ni, 2.79 g/t PGE/Au from 28.22m
  • Including 10.25m at 2.88% Cu, 3.52% Ni, 4.18 g/t PGE/Au from 40.65m $\bullet$
• MR00-01, 19.69m at 2.99% Cu, 1.85% Ni, 3.22 g/t PGE/Au from 15.50m

IRON MASK Ontario, Canada - Cobalt

• 500m from "Iron Mask Shaft" (historical production averaging 15% Co and 255g/t Ag) $\bullet$
• Mineralisation identified to trend southwest into Iron Mark tenements $\bullet$

MULLIGAN Ontario, Canada - Cobalt

• 8-tonne bulk sample average grade of 10% Co $\bullet$
• Grab samples yielded up to 12.6% Co, 39.7 g/t Ag, 1.03% Ni and 29.8 g/t Au $\bullet$
• Contains 8 parallel polymetallic veins 16 meters apart with 150m strike length $\bullet$

Corporate Snapshot

Shastri Ramnath - Technical Director (Commencing 1 October 2017)

Throughout her 20 years in the exploration and mining industry, Shastri has gained extensive international experience, working on projects in Canada, the United States (Nevada), South America (Chile, Ecuador & Peru) and Africa (Guinea, Burkina Faso, Zambia, Namibia & South Africa). Shastri's experience includes working with Falconbridge Limited in Winnipeg - Manitoba, FNX Mining (now KGHM International) in Sudbury - Ontario, and as the President and Managing Director of Bridgeport Ventures (TSX listed junior exploration company).

Graeme Clatworthy - Executive Director

Mr Clatworthy accumulated over 28 years in the stock broking industry commencing in 1987. Over this period he gained a vast knowledge of the Australian Capital markets. Graeme has previously had several Public company directorships listed on the ASX. Graeme has a Bachelor of Business degree majoring in Accounting and Finance.

Neville Bassett - Non-Executive Director

Mr Bassett is a Chartered Accountant operating his own corporate consulting business, specialising in the area of corporate, financial and management advisory services. Mr Bassett consults to a number of publicly listed companies and private company groups in a diversity of industry sectors.

George Sakalidis- Executive Director

Mr Sakalidis is an exploration geophysicist with over 30 years' industry experience, during which time his career has included extensive gold. diamond, base metals and mineral sands exploration

Max Nind-Exploration Manager

Mr Nind is an experienced exploration geologist, having held several senior exploration positions within small to large cap ASX listed companies; as well as major private companies; including Nevada Iron, Sinosteel Australia and Western Mining Corporation.

YTD Share Price

Post Acquisition Capital Structure

Market Cap at 4.1c (25/09/2017)	\$18.91 M
Shares on Issue $(25/09/2017)$	461,227,190
Options on Issue (25/09/2017)	17,150,000
Current Cash (30/08/2017)	\$1.3 M

Significant Shareholders

Tolga Kumova 6.75%

Project Locations

Polymetallic Projects

BELLETERRE ANGLIERS GREENSTONE BELT (BAG), QUEBEC - MIDRIM & LA FORCE

OVERVIEW

• 100% interest in 2 BAG hosted Polymetallic projects Midrim & LaForce
• Largest regional landholder (118km²) includes historical Belleterre gold mine (1.1 Moz) and Lorraine Copper/Nickel mine (produced 14.28Mlb Cu and 6.34Mlb Ni)
• Numerous Cu-Ni Polymetallic deposits identified in the greater BAG region, with 2 known occurrences within Meteoric Resources' claims
• Meteoric acquired AUD\$20M+ of historical technical information providing multi-year project advancement

Over \$350 billion worth of metal has been extracted from the Abitibi Greenstone belt through the production of over 200 Moz gold and 450MT copper zinc ore

Belleterre Angliers Greenstone Belt (BAG)

Mafic Volcanics

Gabbro

Temiscamingue Regional

Greenstone Belt

Geology Belleterre - Angliers

Ni, Cu ± PGEs ± Co

$Cu \pm Ni \pm PGEs$

$\bigcirc$ Au

Regional Geology

OVERVIEW

• 600km N of Toronto & 25-60km F of Ontario-Quebec border
• BAG has been disrupted into three separate fragments the Baby, Lac de Bois and Belleterre segments
• BAG is surrounded by metasedimentary rocks; interpreted as a large nappe up to 6km thick in the Baby segment.
• The region is host to a swarm of shallow mineralized gabbro sills intruded in an island arc environment
• Mineralisation within gabbroic sills: disseminated sulphides in the upper part grading to massive sulphide accumulations on the basal contact.
• In addition to Cu, Ni and PGE native gold has also been identified in the sulphides from a petrological study of the drill core

Belleterre Angliers Greenstone Belt

Extensive regional data acquired

• AIRBORNE EM SURVEYS 4 CHANNEL
• Fugro 2001 MEGATEM Baby Segment $\bullet$
• Geotech 2004 VTEM La Force project
• AIRBORNE MAGNETIC
• 4 Surveys (2001, 2002, 2004 x 2) complete coverage of all project areas $\bullet$
• Conducted by Aeroquest, Terrequest, Fugro and Geotech $\bullet$
• GROUND-BASED EM SURVEYS
• Aurora 2005 Belleterre Segment $\bullet$
• Lamontagne 2003 Ground HLEM Geoffrey anomaly $\bullet$
• GROUND INDUCED POLARISATION $\bullet$
• Belanger Geophysics 1999 Blondeau target Belleterre Segment $\bullet$
• Soil/rock chip geochemistry $\bullet$
• Aurora Platinum 2001-2004 (9 programs) Belleterre & Baby Segments $\bullet$
• Hinterland 2002 Belleterre Segment $\bullet$
• MULTI-ELEMENT DRILL DATABASE
  • Including assays and downhole surveys for numerous drill programs $\bullet$

Belleterre Angliers Greenstone Belt - EM Anomalies

36 Targets Identified $\bullet$

The Midrim and La Force properties are two of several drill proven Gabbro Sills, each of these forms as one of 36 airborne electromagnetic conductors Falconbridge identified from a 2001 MEGATEM survey over a segment of the BAG

80% Hit Rate

6 of the identified electromagnetic conductors have been tested with 5 (or >80% hit rate) containing economic intersections of nickel and copper.

Large Underlying Metal Sulphide Source $\bullet$

Within the BAG there are numerous Ni-Cu±PGE sulphide occurrences hosted within Gabbro Sills. It is interpreted that the Geoffrey Anomaly, which forms as a deep, flat lying electromagnetic conductor, to the swarm of mineralised Gabbroic Sills, measuring 4km x 1km

Falconbridge Targeted Numerous 3-5Mt Polymetallic Deposits $\bullet$

Falconbridge recognised the resulting potential by stating the area had "Excellent prospect for several 3-5mt high grade (1.5% Ni, >1% Cu and >2 g/t PGE) semimassive sulphide Gabbro Sills close to surface within a small area"¹

5 Discovered Deposits within 5km radius $\bullet$

Meteoric has become aware that a regional consolidation opportunity exists with 5 additional known polymetallic deposits occurring within a 5km radius of the Midrim deposit.

1 Hrominchuk, J., 2001 - Falconbridge Exploration Memorandum (12/11/01)

² Based on Copper and Nickel LME quoted spot prices as at 18/08/2017, Mazur,R 2002, Midrim Property Baby Township Quebec, NI43-101, Aurora Platinum

Belleterre Angliers Greenstone Belt

Midrim BABY SEGMENT, QUEBEC

• Largest landholder in the Baby segment which hosts the Midrim $\bullet$ deposit
• 118km² of highly prospective land covering 24 of the 36 historical high-priority EM targets identified by Falconbridge
• Two EM targets located on Meteoric's ground have historically been drill tested with economic mineralisation intercepted (Midrim and Lac Croche)
• 32,000m of historical drilling conducted within the Baby Segment; $\bullet$ core in good condition and available for re-assay
• Significant drilling intercepts from the Midrim deposit include:

	From depth (m)	Length (m)	PGE/Au g/t	Cu 96	Ni%
MR00-01	15.5	19.69	3.22	2.99	1.85
Including	21.4	11.94	3.36	3.64	2.27
MR01-29	17.6	17.85	2.53	2.16	1.55
MR01-30	10.9	1.1	5.15	5.41	1.7
MR00-11	23	1	4.41	4.74	2.66

Belleterre Angliers Greenstone Belt

Historical drilling focussed around the LaForce showing leaving numerous untested geochemical anomalies

La Force BELLETERRE SEGMENT, QUEBEC

• 24 Cells covering 13.92km2, south of Rouyn-Noranda mining camp $\bullet$ in Western Quebec
• More than AU\$3.5m in historical drilling value $\bullet$
• 14,600m of historical drilling with 3,500m of stored core yet to be assayed
• More than 20 identified Cu-Ni-Co-PGM polymetallic targets along $\bullet$ a 4.6km strike length of gabbroic intrusions
• Large tonnage potential that includes numerous high-grade intercepts
• Historical exploration focussed directly around the La Force deposit $\bullet$
• Multiple untested Ni-Cu geochemistry targets along a 4.6km strike length of gabbro

	From depth (m)	Length (m)	Cu %	$Ni\%$	$Co\%$
LF07-07	39.00	40.00	0.46	0.82	0.02
LF07-10	52.88	21.32	0.66	0.90	0.02
LF06-04	3.00	103.00	0.38	0.77	0.02

2017/18 Exploration Program - Midrim/La Force

SEQUENCE OF EXPLORATION

Cobalt Projects PORTFOLIO OF HIGH GRADE PROSPECTS

OVERVIEW

• 100% interest in 2 primary cobalt projects within Cobalt Town $\bullet$ region and Sudbury Basin, Ontario
• Regional production more than 600 Moz Silver and 45Mlb Cobalt $\bullet$
• High-grade historical production and bulk sampling from claims $\bullet$
• Meteoric has engaged leading Canadian geology firm Orix $\bullet$ Geoscience to re-analyse historical exploration to identify targets for aggressive drilling program

Cobalt Overview

Supply

Long-term under-investment due to limited development of primary mines.

Closure of 2015 Glencore Cu-Co mine has resulted in an imminent supply crunch.

3% Compounded annual growth rate to 2020 Cobalt prices have little influence on primary producers' decision making.

Cobalt Demand by End Use

Iron Mask

Iron Mask Ontario

• 8 claims covering 1,408 hectares $\bullet$
• The Sudbury Basin has historical production exceeding US\$120 billion $\bullet$ of nickel, copper and PGM metal
• Historical Iron Mask and Cobalt Shafts as well as the Cobra showing, 500m northwest of MEI claims, have been exploited showing significant cobalt potential:
• Cobra Showing
  • Chip sampling grades 11.3% Co $\bullet$
  • Grab sampling 21.3% Co & 6.19% Ni $\bullet$ .
• Cobalt Shaft
  • Bulk sample averaged 15% Co and 279 g/t Ag
  • Grab sampling grades of up to 16% Co, 4.8% Ni and 17% Bi $\bullet$
• Iron Mask Shaft $\bullet$

$\bullet$

• Channel sample 3.2% Co and 6 g/t Au
• EM and magnetic surveys confirm extension of mineralised zones into MFI claims
• Several geophysical targets have been identified from historic data $\bullet$ compilation: magnetic highs relate to Cu-Co mineralisation, magnetic lows relate to Zn mineralisation

Mulligan

Mulligan Ontario

• 50km North of prolific Ag-Co mining camp of Cobalt, Ontario $\bullet$
• Historic production averaging 10% Co $\bullet$
• Production run sampled grades of up to 19% Co and 56.7 g/t Au $\bullet$
• Canadian Department of Mines Sample (23720) $\bullet$ 12.6% Co, 29.75 g/t Au, 39.7 g/t Ag and 1.03% Ni
• Sulphides visible in 200m x 200m Diabase outcrop from which $\bullet$ historical production occurred
• The Project captures 8 parallel cobalt-rich polymetallic veins $\bullet$

Location of Historical 10% Co average production with mining widths up to 2m wide. Historical workings targeted a 200m outcrop of Gabbro

2017/18 Exploration Program - Mulligan and Iron Mask

SEQUENCE OF EXPLORATION

Existing Joint Ventures

Warrego North location map

Warrego North & Tennant Creek
Northern Territory, Australia

• 100% MEI, subject to Farmout with Chalice Gold Mines Ltd
• Chalice to earn up to 70% interest by sole funding of \$800,000
• The initial two diamond drill holes targeting a magnetic and IP anomaly $\bullet$ intersected 8m @ 1.74% Cu and 0.42 g/t Au from 249m depth
• 3D IP survey underway to identify drill targets

Webb Diamond JV

Western Australia, Australia

• 20% MEI Ownership $\bullet$
• Evaluation of a large kimberlite field $\bullet$
• Comprised of 280 bulls-eye magnetic targets, 23% of which have been $\bullet$ tested identifying 51 kimberlite bodies
• Planning underway for a 2017/18 drill program

ENETEORIC

For more information please do not hesitate to contact us at any time

⊙ Address 10 Outram Street, West Perth, WA 6005

Contact Info $\bowtie$

Email: graeme@meteoric.com.au Website: www.meteoric.com.au

Strategie Telephone

Mobile: 0418 902 341