1 September 2017

ASX: MEI

METEORIC RESOURCES

METEORIC ACQUIRES EXTENSIVE GEOLOGICAL DATABASE

Acquisition price less than 8% of replacement cost, estimated value over $5 million

In excess of 1,000 technical documents obtained

Reprocessing & analysis of historical data underway, initial results expected within weeks

Historical data provides a fast tracked, multi-year advancement in technical program

Includes all available Geophysical, Geochemical and Structural data covering Belleterre-Angliers Greenstone Belt

Numerous drill ready targets identified and drilling program being scheduled

Meteoric Resource NL's ("Meteoric" or the "Company") recent pegging activity has expanded its land holding in the Baby Segment of the Belleterre-Angliers Greenstone Belt (BAG) to over 118 km. Meteoric is now the largest landholder in the greenstone belt which hosts the historical Belleterre Gold (1.1 Moz) and Lorraine Copper/Nickel Mines. Meteoric's expanded landholding now encompasses 24 of the 36 historical high priority EM targets identified by Falconbridge Limited and provides numerous drill ready targets.

To complement the expanding landholding the Company has negotiated to acquire a comprehensive database of raw technical information as well as geological interpretations covering the entire Belleterre-Angliers Greenstone Belt, with a value exceeding $5 million.

Reprocessing and analysis of the technical information has commenced with initial results expected within weeks. It is anticipated that a continual stream of results will be released to

METEORIC RESOURCES

Significant Items Contained in the Database Include:

AIRBORNE EM SURVEYS - 4 CHANNEL

  • Fugro 2001 - MEGATEM - Baby Segment of the BAG

  • Geotech 2004 - VTEM - La Force project

    AIRBORNE MAGNETIC

  • 4 Surveys (2001, 2002, 2004 x 2) - complete coverage of all project areas

  • Conducted by Aeroquest, Terrequest, Fugro and Geotech

    GROUND BASED EM SURVEYS

  • Aurora 2005 - Belleterre Segment of BAG

  • Lamontagne 2003 - Ground HLEM - Geoffrey anomaly

    GROUND INDUCTIVE POLARISATION

  • Belanger Geophysics 1999 - Blondeau target - Belleterre Segment

    SOIL/ROCK CHIP GEOCHEMISTRY

  • Aurora Platinum 2001-2004 (9 programs) - Belleterre & Baby Segments of the BAG

  • Hinterland 2002 - Belleterre Segment

    MULTI-ELEMENT DRILL DATABASE

  • Including assays and downhole surveys for numerous drill programs

    Transaction Terms

    The Company has entered into a binding sale and purchase agreement to acquire 100% of an extensive geological database. The consideration for the acquisition of the Data is as follows:

    • 7,200,000 fully paid ordinary shares payable within 5 business days of Execution of the Sale & Purchase Agreement

    • CAD $165,500 payable within 5 business days of Execution of the Sale & Purchase Agreement

"The recent acquisition of technical data enables Meteoric to gain significant insight into the geological opportunities within the Belleterre-Angliers Greenstone Belt (BAG), whilst saving the company valuable time and money associated with advancing our high grade polymetallic project. The technical data will also assist Meteoric in it's endeavors to reconsolidate the project area and embark upon the strategy of development of the multiple, shallow, high grade, gabbroic sills".

Executive Director, Graeme Clatworthy

METEORIC RESOURCES

Historic Data

Company Year Type

Auroradem

Baby

Brodeur

Belhumeur

Blondeau

Delbreuil

Devlin

Geoffroy

Gaboury

Guillet

Halle

H-Belleterre

Lac Au Sable

Lac Profond

Lac Simard

Laforce

Laperriere

Midrim

Terrequest

2004

Airborne Mag

Aeroquest

2002

Airborne Mag

Fugro

2001

Megatem (Mag & EM)

Aurora

2003

Ground Gravity Survey

Geotech

2004

VTEM (Mag & EM)

Belanger Geophysics

1999

Castor Ground IP

Aurora

2005

Ground EM

Clearview

2002

Ground Mag

Aurora

2004

Sampling Survey Cu, Ni

Lambert (geo)

2004

Drilling,Mag,EM,IP

Aurora

2001

Soil Survey

Aurora

2004

Rock Sampling

Aurora

2005

Mapping

Aurora

2004

Trench Sampling

Aurora

2004

Rock Sampling

Aurora

2004

Drilling/Sampling

Aurora

2004

Sampling

Aurora

2004

Sampling

Aurora

2005

Sampling

Aurora

2005

Sampling

Aurora

2005

Sampling

Aurora

2005

drilling; mapping

Aurora

2005

drilling; mapping

Fieldex

2001

Sampling, Mapping

Aurora/Hinterland

2001

Alotta geological mapping

Aurora/Hinterland

2001

Angliers geological mapping

Aurora/Hinterland

2001

Delphi geological mapping

Aurora/Hinterland

2001

Delphi geological mapping

Aurora/Hinterland

2002

Patry and Zulu geological

mapping

Aurora

2001

Midrim West geological mapping

Aurora

2001

Midrim Croche geological

mapping

Aurora

2001

Midrim East geological mapping

Aurora

2001

Midrim Main geological mapping

Hinterland

2001

Patry geological mapping

Aurora

2001

Baby geological mapping

Aurora

2001

Baby geological mapping

Aurora

?

Massive Sulphide geological

mapping

Aurora/Fieldex

2004

Delbreuil geological mapping

Hinterland

2002

Soil Survey

Aurora

2003

Geoffrey geological mapping

Aurora

2005

Guilet geological mapping

METEORIC RESOURCES

Historic Data continued

Company Year Type

Auroradem

Baby

Brodeur

Belhumeur

Blondeau

Delbreuil

Devlin

Geoffroy

Gaboury

Guillet

Halle

H-Belleterre

Lac Au Sable

Lac Profond

Lac Simard

Laforce

Laperriere

Midrim

Aurora

2004

Harding East geological mapping

Aurora

2004

Harding West geological mapping

Aurora

2004

Hosking Trench geological

mapping

Aurora

2004

Sisco trench geological mapping

Aurora

2005

Temiscamingue Regional

geological mapping

Aurora

2002

Baby diamond drilling (7 holes)

Aurora

2002

Geoffrey diamond drilling (8 holes)

Aurora

2000

Midrim diamond drilling (86 holes)

Hinterland/Aurora

2001

Belleterre diamond drilling (78

holes)

Aurora

2001

Midrim diamond drilling (1 hole)

Aurora

2001

Midrim diamond drilling (4 holes)

Aurora

2005

Gaboury diamond drilling (3 holes)

Aurora

2005

Guilet diamond drilling (13 holes)

Soquin, Finnlett,

Audrey, Jag

1980

Ground IP Surveys

Cambior

1990

Ground EM Surveys

Tom Exploration

2002

Boudrias Ni-Cu compilation

Brominco

1975

Boudrias Ni-Cu diamond drilling

Kerr Addison

1958

Laforce Cu Ni PM mapping

FLX

2002

Brodeur Ultramafic Prospecting

FLX

2002

Brodeur Ultramafic IP

Belanger Geophysics

(FLX)

2001

Ground IP and Mag Survey

Meeguish (FLX)

2001

Magnetic Survey

Alotta Resources

1988

Ground IP Surveys

FLX

2001

Laforce Grab Samples

Tom Exploration

2000

Roy Showing Mapping

Tom Exploration

2000

Roy Showing Min and Mag

Competent Person Statement

The information in this announcement that relates to the Midrim Project 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

Contact

Graeme Clatworthy

Executive Director

T +61 8 9485 2836

M 0418 902 341

E graeme@meteoric.com.au

Meteoric Resources NL published this content on 01 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 September 2017 09:02:07 UTC.

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