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METEORIC RESOURCES NL Investor Presentation 2021

May 3, 2021

65311_rns_2021-05-03_3de20e55-6dd0-4dde-a808-ef09b4a42ccc.pdf

Investor Presentation

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METEORIC RESOURCES 2021 EXPLORATION TOWARDS DEVELOPMENT

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Meteoric Resources NL - RIU Sydney Roundup 2021

DISCLAIMER

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C
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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.

C o m p e t e n t p e r s o n s t a t e m e n t

The information in this announcement that relates to mineral resource estimates and exploration results is based on information reviewed, collated and fairly represented by Mr Peter Sheehan who is a member of the Australasian Institute Of Mining And Metallurgy and a consultant to Meteoric Resources NL. Mr Sheehan has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which has been 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 Sheehan consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

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CORPORATE OVERVIEW

Andrew Tunks Managing Director

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Dr Tunks is a member of the Australian Institute of Geoscientist holding a B.Sc. (Hons.) from Monash and a Ph.D from the University of Tasmania. Dr Tunks has held numerous senior executive positions in a range of small to large resource companies including Auroch Minerals, A-Cap Resources, IAMGOLD Corporation and Abosso Goldfields. Andrew has previously been a Senior Lecturer in Economic Geology at UTAS specialising in the Geology and Formation of Mesothermal Gold Deposits Patrick Burke Executive Chairman Mr Burke holds a Bachelor of Law from the University of Western Australia. He has extensive legal and corporate advisory experience and over the last 15 years has acted as a Director for a large number of ASX, NASDAQ and AIM listed companies.

Shastri Ramnath Non-Executive Director

Capital Structure as at 1/05/2020

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).

Market Cap @ $A0.055 $A 72M Shares on Issue 1.31B Options on Issue 110.5M Performance Rights 93M Cash $A 5.24M

Paul Kitto Technical Director

Dr Kitto has over thirty years’ experience working within the mining industry, having served on a number of ASX Boards and having held senior level management positions around the world, including Australasia and Africa. Dr Kitto is currently Technical Director for ASX listed Tietto Minerals (ASX: TIE).

Major Shareholder

Tolga Kumova 12%

| INVESTOR PRESENTATION

3

GROWING FOOTPRINT AUSTRALIA – BRAZIL

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  • Palm Springs – Halls Creek W.A Historic Mine 50K oz Produced in 1990s[1] Classic Proterozoic Orogenic Gold Drilling Commenced 24/08/2020

Juruena – Northern Mato Grosso

Garimpo production 1980’s approx. 500k oz[2] Low sulfidation epithermal gold & Porphyry copper-gold 2020 Drilling Commenced 09/06

  1. Refer PMA 1999 Annual Technical Report DMIRS GML 80/197

4 | INVESTOR PRESENTATION

  1. Source DNPM - Brazil

AUSTRALIA – PALM SPRINGS

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WA GOLD ACQUISITION – PALM SPRINGS GOLD PROJECT

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Halls Creek
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  • Palm Spring Gold Project

Butchers Creek Open Cut –

  • Operated 1995 – 1997

Acquisition of 13 licences - 120km[2]

  • Includes 3 MLs

  • 60 Gold Prospects in Project

  • 27km SW of Halls Creek WA

  • 50,000 oz produced[1]

  • Ore in floor of pit

  • No JORC 2012 Compliant Resources

  • Golden Crown Inferred Mineral Resource

  • 323Kt @ 3.2 g/t Au for 28,000 oz of Au

6 | INVESTOR PRESENTATION

  1. Refer PMA 1999 Annual Technical Report DMIRS GML 80/197

PALM SPRINGS GOLD PROJECT BUTCHERS CREEK

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  • Abundant ore remains in the floor of the southern end of Butchers Creek Pit

  • The orebody is completely open at depth and down plunge to the south

  • The entire prospect lies with granted Mining Leases from the early 1990’s

ALSO

  • 9Mt Tailings Dam remains with abundant capacity

  • Excellent Metallurgy with > 90% recoveries

  • 60 other gold occurrences across the new package

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7 | INVESTOR PRESENTATION

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2020 RESULTS

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| INVESTOR PRESENTATION

8

2021 EXPLORATION MODEL

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9 | INVESTOR PRESENTATION

IT ALL HINGES ON THIS

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Butchers Creek Main Orebody
Anticline Hinge
Cartoon Cross Section

Gold hosted in hinge
zone of anticline
• Parallel Structures
Untested

Massive Upside
Exploration opportunities
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10 | INVESTOR PRESENTATION

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PALM SPRINGS GOLD PROJECT EXPLORATION PROGRAM

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2020 Exploration Program COMMENCED 3rd May

  • De watering pit May - July

  • Extension Drilling – May June

  • IP and Magnetics – July Aug

  • Drilling under pit – Aug Sept

  • Results throughout 2021

11 | INVESTOR PRESENTATION

BRAZIL - JURUENA

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BRAZIL – JURUENA HISTORY

  • Juruena contains extensive artisanal workings

  • Recorded production in excess of 500,000oz gold[1]

  • Over 30,000 Garimpeiros worked the Juruena area in 1980’s Gold Rush

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Historic workings at Juruena Gold Project
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Nugget from Juruena Gold Project
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  • Limited artisanal production continues throughout the area with work conducted in the dry season

  • Source DNPM - Brazil

13 | INVESTOR PRESENTATION

JURUENA GOLD – JORC RESOURCE

PROSPECT CATEGORY CUT OFF Tonnes Grade (g/t) Oz Au
Donna Maria Indicated 2.5 g/t 67,800 13.7 29,800
Inferred 148,500 12.2 58,200
Sub-total 216,300 12.7 88,000
Indicated
Inferred
Sub-total
Total Inferred
Querosene
2.5 g/t
Total Indicated
Indicated 2.5 g/t 31,200 28.4 28,500
Inferred 188,700 14.7 89,300
Sub-total 219,900 16.7 117,800
58,300
147,500
99,000
337,200
18.3
13.6
Total High-Grade 436,200 14.7 205,800
Crentes Inferred 1.0 g/t 846,450 2.0 55,100
Global Resources 1,282,650 6.3 260,900

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14 | INVESTOR PRESENTATION

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AMAZING DRILLING RESULTS

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High Grade Gold JUDD001 – 20.5m @ 94.9 g/t Au from 97m JUDD008 – 14m @ 87g/t Au from 141m JUDD031 – 14.3m @ 10.2 g/t Au from 307m JUDD028 – 2.4m @ 38.8 g/t Au from 216m

Copper Gold Intercepts JUDD024 – 6.7m @ 20.3 g/t Au & 1.86% Cu from 101m JUDD039 – 51m @ 1.4 g/t Au & 0.25% Cu from 118m JUDD031 – 11m @ 2.34 g/t Au & 0.28% Cu from 42m

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15 | INVESTOR PRESENTATION

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DEEP IP TARGET

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2020 IP Survey Enormous Chargeability Anomaly in IP Data

3 hole DEEP drilling program commenced Feb 2021

16 | INVESTOR PRESENTATION

JUDD042

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JUDD042 Operational delays Currently at 840m Recently Breccias Porphyries Lamprophyres Quartz + Mo ± Cpy ± Bor

17 | INVESTOR PRESENTATION

SUMMARY

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Currently drilling JUDD042 on Deep Porphyry target Resource update imminent Scoping study to commence

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Mobilised to site Pit dewatering to commence Drilling expected mid May through to October Geophysics August

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18 | INVESTOR PRESENTATION