JURUENA & NOVO ASTRO PROJECTS - BONANZA GRADE …€¦ · Dr Tunks is a member of the Australian...

JURUENA & NOVO ASTRO PROJECTS -

BONANZA GRADE BRAZILIAN GOLD

Meteoric Resources NL -

Investor Presentation August 2019

The material in this presentation has been prepared by Meteoric Resources and is general background information aboutMeteoric’s activities current as at the date of this presentation. This information is given in summary form and does notpurport to be complete. Information in this presentation, including forecast financial information, should not beconsidered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or sellingsecurities 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 thesematters, any relevant offer document and in particular, you should seek independent financial advice. All securities andfinancial product or instrument transactions involve risks, which include (among others) the risk of adverse orunanticipated 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 currentexpectations with respect to Meteoric’s businesses and operations, market conditions, results of operation and financialcondition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place unduereliance on these forward-looking statements. Meteoric does not undertake any obligation to publicly release the result ofany revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect theoccurrence of unanticipated events. While due care has been used in the preparation of forecast information, actualresults may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject touncertainty and contingencies outside Meteoric’s control. Past performance is not a reliable indication of futureperformance.

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 oninformation reviewed, collated and fairly represented by Mr Peter Sheehan who is a member of the Australasian InstituteOf Mining And Metallurgy and a consultant to Meteoric Resources Nl. Mr Sheehan has sufficient experience relevant to thestyle of mineralisation and type of deposit under consideration, and to the activity which has been undertaken, to qualifyas a competent person as defined in the 2012 edition of the Joint Ore Reserves Committee (JORC) Australasian code forreporting of exploration results, mineral resources and ore reserves. Mr Sheehan consents to the inclusion in this report ofthe matters based on this information in the form and context in which it appears.

DISCLAIMER

3 | INVESTOR PRESENTATION

CORPORATE OVERVIEW

Andrew Tunks Managing Director

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 hasheld numerous senior executive positions in a range of small to large resourcecompanies including Auroch Minerals, A-Cap Resources, IAMGOLD Corporation andAbosso Goldfields. Andrew has previously been a Senior Lecturer in EconomicGeology at UTAS specialising in the Geology and Formation of Mesothermal GoldDeposits…….Just like Juruena!

Patrick Burke Non-Executive Chairman

Mr Burke holds a Bachelor of Law from the University of Western Australia. He hasextensive legal and corporate advisory experience and over the last 15 years hasacted as a Director for a large number of ASX, NASDAQ and AIM listedcompanies.

Shastri Ramnath Technical Director

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

Peter Sheehan Chief Operating Officer

Mr Sheehan is a geologist holding a B.Sc. (Hons) from Monash University and aGraduate Diploma in Applied Finance and Investment from the Securities Instituteof Australia. Mr Sheehan has over 20 years’ experience at senior level within thenatural resources sphere with roles including Managing Director, Exploration and InCountry Manager, Chief Geologist and Senior Mine Geologist. Previously he hasheld roles at BHP Billiton, IAMGOLD and Placer Dome Asia Pacific.

Capital Structure as at 22/08/2019

Market Cap @ $0.05 $48.85M

Shares on Issue 977M

Options on Issue 98.5M

Performance Rights 4M

Cash $4.46M

Major Shareholders

Tolga Kumova 12.1%

Big River Gold 5.1%


BRAZILIAN GOLD ACQUISITION –JURUENA & NOVO ASTRO

Aquisition

New Drilling

AnnouncedHistorical

Bonanza Gold

Novo Astro

Capital Raise

VG


HISTORY

• Both Juruena and Novo Astro contain extensive artisanal workings

• Recorded production in excess of 500,000oz gold

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

Current Infrastructure at Juruena Gold ProjectHistoric workings at Juruena Gold Project


THE JURUENA GOLD PROJECT

Prospect Hole Intercept From (g/t Au).m1

Querosene QD-44/2016 3.6m @ 554.3 g/t 147m 1995Dona Maria MD-09/2016 10m @ 101.1 g/t 127m 1011Dona Maria MR-10/2015 8m @ 62.4 g/t 100m 499

Capixba J-81 9 m @ 54.4 g/t 33m 486Dona Maria J-07 21.8m @ 20.9 g/t 109m 456Querosene QD-43/2016 2.9m @ 76.7 g/t 113m 222Dona Maria MD-06/2016 1.5m @ 141.4 g/t 45m 212Dona Maria MD-12/2016 8.3m @ 23.7 g/t 196m 197Dona Maria MD-01/2015 8m @ 21.8 g/t 179m 174

Tatu TD-06 37m @ 3.7 g/t 132m 137Tatu JRNRC032 59m @ 2.2 g/t 3m 131

Querosene JRND018 4m @ 32.5 g/t 65m 130Dona Maria MD-12/2016 1.5m @ 76.7 g/t 78m 115Dona Maria MD-14/2016 4m @ 27.1 g/t 84m 108Dona Maria JRND012 1m @ 101.1 g/t 59m 101

1Refer MEI Announcement 26/3/19


BRAZIL’S MOST DESIRABLE EXPLORATION DESTINATION


JURUENA GOLD – JORC RESOURCE1

PROSPECT CATEGORY CUT OFF Tonnes Grade (g/t) Oz Au

Indicated 67,800 13.7 29,800

Inferred 148,500 12.2 58,200

Sub-total 216,300 12.7 88,000

Indicated 31,200 28.4 28,500

Inferred 188,700 14.7 89,300

Sub-total 219,900 16.7 117,800

99,000 18.3 58,300

337,200 13.6 147,500

436,200 14.7 205,800

Crentes Inferred 1.0 g/t 846,450 2.0 55,100

Total Inferred

Donna Maria 2.5 g/t

Querosene 2.5 g/t

Total Indicated

Total High-Grade

Global Resources 1,282,650 6.3 260,900



JURUENA GOLD PROJECT

• Drilling program commenced July

• Initial target 26 holes for 4,700m

• 2 rigs onsite running double shifts

• Following up Historic Grades of:

Prospect Hole Grade1

Dona Maria MD-09/2016 10m @ 101.1 g/t

Dona Maria MR-10/2015 8m @ 62.4 g/t

Querosene QD-44/2016 3.6m @ 554.3 g/t

Querosene QD-43/2016 2.9m @ 76.7 g/t

Tomate TD-06/2016 37m @ 3.7 g/t

Uilliam JRND062 9m @ 15.4 g/t



JUDD001 – OUR FIRST HOLE

JUDD001

• 112.8m Visible Gold1

• 97m - 113m a broad zone of

alteration chlorite – sericite –

pyrite – gold



DONA MARIA - QUEROSENE

• Moderate to steeply

dipping orezones

• Average 1m to 4m true

width

• Bonanza Grades

controlled by fault

intersections?

• Excellent Metallurgy

with > 90% recoveries

• First holes at assay lab

(23/08/2019)

• Results to flow

[email protected]/t

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1m@101g/t

[email protected]/t


NOVO ASTRO –A STAND-ALONE GOLD DISCOVERY ?

Juruena

Novo Astro

10 km

GOLD IN SOILS

José

Graça

Mateus

Bodhi


NOVO ASTRO – NEW DATA

Novo Astro

• Significant site of Garimpo activities since

1980s

• Alluvial and hard rock

• Early work documents magmatic metals

Mo, Bi, W

NEW ROCK CHIPS

• 36 New Rock Chip assays - 26/08/19

• 5 samples > 1 g/t

• Highest assay 290.13g/t

ALL ROCK CHIPS


Classic porphyry and epithermal

textures at Novo Astro including

A) Vein stock works

B) Brecciation of granitic host rocks

C) Intense algillic (clay) alteration

D) Quartz veining and disseminated

coarse-grained sulphides - PyriteCoarse grained pyrite

Limonite after pyrite


2019 EXPLORATION PROGRAM

GEOLOGY

• Mapping and sampling - underway

DRILLING

• 21 diamond holes

• 2500m

• Testing 4 targets

• Commences September

GEOPHYSICS

• Planning phase

• Magnetics

• IP

NOVO ASTRO –NEVER BEEN DRILLED


SUMMARY

• Two concurrent drill programs targeting key projects

• Juruena – existing high-grade resource and multiple high-grade

prospects

• Novo Astro – giant in soil anomaly – never been drilled

• Projects located in desirable Alta Floresta Belt – Brazilian

exploration hotspot

• Consistent news flow

• Ongoing drilling into December

• Drill results arriving throughout 2019 and into 2020

• Geophysics programs

17 | INVESTOR PRESENTATION www.meteoric.com.au

THANKYOU

Dr Andrew Tunks

Managing Director

Phone: +61 400 205 555

Email: [email protected]

Investor Relations

Victoria Humphries

Phone: +61 431 151 676

Email: [email protected]

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