Meteoric Resources NL (MEI) Investor Presentation summary

Project overview and jurisdiction

• Caldeira is positioned as the world's highest grade ionic adsorption clay rare earth element (REE) deposit, located in Minas Gerais, Brazil, a tier 1 mining jurisdiction with strong government support and a clear regulatory framework.

• The project benefits from 80% renewable energy in Brazil and 100% renewables for Caldeira, with a 3% royalty split among local, state, and federal authorities and landowners.

• Market capitalization stands at A$230M, with A$35.6M in cash as of September 2024 and a share price of A$0.10.

Resource base and exploration

• Total mineral resource estimate is 740Mt at 2,572ppm TREO, with significant upside from only 6 of 69 license areas drilled and ongoing exploration in northern areas.

• High-grade intercepts and expansion potential are supported by recent drilling, with a focus on heavy REE value addition.

• Measured, indicated, and inferred resources are distributed across multiple prospects, including Capão do Mel, Soberbo, Figueira, Cupim Vermelho Norte, and Dona Maria 1 & 2.

Development programs and timeline

• Pre-feasibility study is due in Q1 2025, with a focus on further reducing capex and opex, and a separated oxides scoping study underway.

• Environmental approvals are progressing, with EIS lodged, review underway, and construction permit targeted for Q4 2025.

• Metallurgical test work by ANSTO completed in November 2024, with a demonstration facility for MREC and separation test work.