October 2011

FORWARD LOOKING STATEMENTSSTATEMENTS

This presentation contains forecasts andThis presentation contains forecasts and forward looking statements which are made in good faith and are believed to have reasonable basis.However, such forward looking statements are subject to risks uncertainties and other factorssubject to risks, uncertainties and other factors which could cause the actual results to differ materially from the future results expressed, y pprojected or implied by forward looking statements.

For

per

sona

l use

onl

y

DIRECTORS

ROGER THOMSONROGER THOMSONManaging Director, Geologist, 40 years experience

GEORGE SAKALIDISExecutive Director Exploration Geophysicist 30 Executive Director Exploration, Geophysicist, 30 years experience

PETER THOMASChairman, Lawyer, 26 years experience, y , y p

SHARE STRUCTUREFully paid ordinary shares – all quoted:

(ASX: MEI) 74M(ASX: MEI) 74M

Market Capitalisation $6M

Contributing shares – QuotedContributing shares – Quoted

ASX:MEICA - $0.20 payable 27.5M

Options to acquire fully paid shares:Options to acquire fully paid shares:

Expiring 23.12.2014 - $0.225 payable 2.58M

Options to acquire contributing shares:Options to acquire contributing shares:

Expiring 16.11.2011 - $0.065 payable 2.4M

C h $1 2MCash $1.2M

For

per

sona

l use

onl

y

PROJECT LOCATIONS

PROJECT UPDATETibooburra; an unexplored goldfield; shallow high grade gold at New Bendigo; 40km New Bendigo Fault corridor; multiple targetsBendigo Fault corridor; multiple targets

Coorara: 40km magnetite BIF. Exploration target 500Mt. Potential for DSO-grade hematite i t ki di t f T P ifi ilin trucking distance of Trans-Pacific railway

Robinson Range: DSO-grade hematite in the mid west iron province. Exploration target 100Mtp p g

Webb: IOCG targets T4 and T5 identified from detailed aeromagnetic surveys

Webb: Kimberlite targets farmed out to North Australian Diamonds

Wilthorpe: 61 000oz gold resource outlined Wilthorpe: 61,000oz gold resource outlined. Toll treat/heap leach potential

For

per

sona

l use

onl

y

TIBOOBURRAAn Unexplored GoldfieldAn Unexplored Goldfield

Meteoric right to earn up to 75% for $1.5M expenditure by 2016

3 EL i 450 k f th hi t i 3 ELs covering 450sq km of the historic Tibooburra goldfield, NSW

Numerous quartz veins with parallels to the q pVictorian goldfields (NSW Geol Survey) and no modern exploration

Potential for high grade veins and bulk Potential for high grade veins and bulk tonnage stockworks

4 large gold and multi-element anomalies identified to date

TIBOOBURRA

For

per

sona

l use

onl

y

TIBOOBURRA

TIBOOBURRAGeochemistry Au SbGeochemistry Au, Sb

For

per

sona

l use

onl

y

TIBOOBURRAShallow high grade gold, best intercept 20m @ 5.2g/t Au from 8m, including 3m @ 22.6g/t Au 5 g/t u o 8 , c ud g 3 @ 6g/t ufrom 13m at New Bendigo

New Bendigo open ended for 1.2km to the so th ntested estern one of diggingssouth, untested western zone of diggings

Anomalous shallow gold in bedrock below cover at Kink, 6km south of New Bendigo , g

New Bendigo and Kink (and Peak) occur on the 40km-long New Bendigo Fault structural zonezone

Numerous targets yet to be tested

Lots of upsideLots of upside

TIBOOBURRA

New Bendigo Gold diggings New Bendigo Stockwork

Kink Quartz Flats Evans Gully Quartz Veins

For

per

sona

l use

onl

y

TIBOOBURRAN B di New Bendigo

TIBOOBURRAN B di D illi L tiNew Bendigo Drilling Locations

For

per

sona

l use

onl

y

TIBOOBURRAN B di D illi R ltNew Bendigo Drilling ResultsHole Number

CoordinatesFrom

mTom

Intervalm

Gold Gradeg/tEast North

TIBRB02 587515 6719242 12 14 2 1.12

TIBRB03 587515 6719253

27 28 1 0.61

32 34 2 1.52

38 39 1 0.54

TIBRB04 34 36 2 0.51

TIBRB06 587543 671919310 17 7 3.33

22 23 1 2.79

TIBRB08 587578 6719215 8 11 3 1.79

TIBRB10 587568 6719154 7 11 4 2 46TIBRB10 587568 6719154 7 11 4 2.46

TIBRB11 587585 67191659 10 1 0.61

36 38 2 0.69

TIBRB12 587602 6719176 8 28 20 5.22

including 13 16 3 22.62

TIBRB13 2 3 1 3.75

TIBRB14 587473 6719357 31 32 1 5.73

TIBRB15 587490 67193669 10 1 0.59

36 40 4 11.33 eoh

including 36 38 2 21 87including 36 38 2 21.87

TIBRB18 587412 6719441 15 17 2 3.31

TIBRB19 587433 6719451 35 36 1 0.58

TIBOOBURRAN B di D ill S tiNew Bendigo Drill Sections

For

per

sona

l use

onl

y

COORARA IRON PROJECT

COORARA • Target tonnage 500M tonnes.

40km length

• Predominantly magnetite with • Predominantly magnetite with hematite alteration

• New aeromagnetic survey

• Hematite targets identified, initial target tonnage 10Mt

• Mapping and trial Gravity surveys completed

• Close to standard gauge rail Close to standard gauge rail giving access choices to Esperance or Kwinana ports

• No native title issues

F ll RC d illi • Follow up RC drilling programme about to startTarget tonnage is based on sampling, aeromagnetic models, density of 3.5 and depths of 100m. The potential quality and grade is conceptual in nature and there has not yet been sufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the definition of auncertain if further exploration will result in the definition of a mineral resource.

For

per

sona

l use

onl

y

COORARA (North)

COORARA (North)

• 2,500 line km, 100m 2,500 line km, 100m spaced aeromagnetic survey completed

• 40km of iron formation interpreted from interpreted from outcrop and aeromagnetics

• 300 samples collected

• 34% grade >50% Fe• 34% grade >50% Fe

For

per

sona

l use

onl

y

COORARA (South)

COORARA

For

per

sona

l use

onl

y

COORARADetrital Iron Ore 62 9%FeDetrital Iron Ore 62.9%Fe

COORARA - Lake Giles

Macarthur Minerals Lake Giles Project:

Magnetite : 1.3Bt @ Magnetite : 1.3Bt @ 28% Fe

Hematite: 18Mt @ 55% Fe55% Fe

For

per

sona

l use

onl

y

COORARARC D illi RC Drilling

I iti l 22 h l 1455 RC d illi l t d• Initial 22-hole 1455m RC drilling completed

• Less than optimal conditions reduced drill effectiveness

• Intersections include: 4m @ 59.1%Fe, 2m @ 54.5%Fe and 2m @ 58.6%Fe

• Surface enrichments thinner than expected, possibly eroded

• Several new targets identified with potential for g pthicker hematite enrichments

• Further drilling scheduled in October

• Assessment of detrital iron targets in progress

COORARARC Drilling RC Drilling

For

per

sona

l use

onl

y

WEBBWest Arunta Region West Arunta Region

WEBBIOCG TargetsIOCG Targets

For

per

sona

l use

onl

y

WEBBBEADELL JV

Meteoric 70%, Beadell 30%3 IOCG targets T1 with anomalous copper

BEADELL JV

3 IOCG targets, T1 with anomalous copper and coincident gravity and magnetic anomaly; 2km x 2.5km magnetic anomaly (amplit de 1200nT) ith gra it anomal (amplitude 1200nT) with gravity anomaly (>5mgal)Initial diamond drill hole RDD01 at T1 intersected minor hematite alteration and anomalous copperStrong isolated 5 000nT anomaly at T5Strong isolated 5,000nT anomaly at T5Gravity surveys, sampling and drilling planned at T4 and T5p

T1 IOCG TargetgCu-anomalous breccia

For

per

sona

l use

onl

y

T1 IOCG TargetGravity and New MagneticsGravity and New Magnetics

T1 IOCG TargetGravity and Magnetic ModelGravity and Magnetic Model

For

per

sona

l use

onl

y

T5 IOCG TARGETDetailed AeromagneticsDetailed Aeromagnetics

WEBB KIMBERLITE TARGETS500sq km of exploration licences covering 80 circular magnetic anomaliesGeophysical modelling indicates potential for shallow kimberlite pipes 100% M t i ( t i ht t i 100% Meteoric (except right to acquire 90% in 1 EL)JV with North Australian Diamonds (NAD) ( )where NAD can earn 70% of Meteoric’s interest by expenditure of $2.5M within 5 yearsyea sHeritage survey completed, sampling and drilling plannedVirgin, completely unexplored

For

per

sona

l use

onl

y

WEBB KIMBERLITE TARGETS

WEBB KIMBERLITE TARGETS

For

per

sona

l use

onl

y

ROBINSON RANGE IRON PROJECT

50sq km of tenements13km of iron formationsHematite and hematite-goethite in outcrop up to 62%FeLow impuritiesLow impuritiesAeromagnetics indicate iron formations may extend under coverHeritage agreement signed, paving way for access

ROBINSON RANGE LocationLocation

For

per

sona

l use

onl

y

ROBINSON RANGEGeology and Sampling

ROBINSON RANGE Aeromagneticsg

For

per

sona

l use

onl

y

ROBINSON RANGE

30m sample of hematite-goethite averaging 58.2%Fe

Ironstone hills extending into new acquisition

UNALY HILL SOUTH

180Mt target at Black Ridge 180Mt target at Black Ridge Mining’s (BRD) magnetite-vanadium-titanium at Unaly HillFavourable metallurgical (DTR) test Favourable metallurgical (DTR) test results2km strike extension on Meteoric tenement to so thtenement to southBRD earning up to 70% for $1.5M in 6 yearsyBRD drilling confirms encouraging magnetite and vanadium grades

For

per

sona

l use

onl

y

UNALY HILL SOUTH

• Hole UHS-02 - 33m @ 27.9% Fe, 0.5% V O and 7 3% T OV2O5 and 7.3% TiO2

• Hole UHS-04 - 27m @ 28.3% Fe, 0.5% V O and 7 5%T OV2O5 and 7.5%TiO2

WILTHORPEH d

Sediment-hosted sheeted veins and stringers

Harrods

stringers

2.4km x 500m bedrock gold anomaly

H d C t l d H d S th Harrods Central and Harrods South resource totals 61,600ozs Au

Additional resource potential between Additional resource potential between Harrods Central and Harrods South

Concept study indicates potentially Concept study indicates potentially viable heap leach subject to further test work

Possible satellite to the 1Mtpa Fortnum treatment plant situated within 25km

For

per

sona

l use

onl

y

TIMETABLE

October - Tibooburra mapping & samplingpp g p g

October - Coorara Phase 2 DSO drilling

October/Nov - Webb kimberlite targets samplingg p g

November - Wilthorpe heap leach studies

Nov/Dec - Tibooburra follow up drilling

New Year - Coorara follow-up DSO drilling

New Year - Assess Coorara magnetite potential

New Year - Webb kimberlite targets drilling (NAD)

www.meteoric.com.au

For

per

sona

l use

onl

y