Annual report for EL 24255 for the period 13 October 2012 to 12 October 2013 Warrego

Abstract

EL 24255 comprises 2 blocks covering an area of 4.79 km2 and is located near Tennant Creek in the Northern Territory. Interpretation of previously acquired aeromagnetic data acquired by joint venture partner Sipa identified a number of magnetic anomalies that warrant further exploration and one classic 'bulls eye' Tennant Creek style magnetic anomaly which are known to host Cu-Au mineralization in the Tennant Creek mineral field. A review of historical data showed that shallow drilling targets have been identified at the Chook prospect on EL 24255 (with historical drill intercepts in ironstone of up to 13 m at 1.33 percent Cu from 56 m in drillhole CHRC-02 including 4 m at 2.37 percent Cu) and at Chook North (1 km diameter geochemical anomaly up to 2102 ppm Cu), subject to Central Land Council conditions. Meteoric Resources is seeking an incoming party to participate in the exploration and possible development of these potentially high value targets.