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ASX ANNOUNCEMENT 29 JULY 2021 Quarterly Report - June 2021 MR METEORIC RESOURCES Meteoric Resources NL ( ASX : MEI ) ( “ Meteoric ” or “ the Company ” ) provides shareholders with its Quarterly Report for the three - month period ending 30 June 2021. The Company had another active quarter , with its total portfolio of Resources across its Juruena and Palm Springs Projects now standing at ~ 750,000 oz Au . Highlights from the quarter include : Western Australia - Palm Springs Gold Project Maiden Global Mineral Resource Estimate ( MRE ) of 5.6 Mt @ 2.0 g / t for 357,000 oz of gold ( including 139,000 oz of Indicated Resources ) from two ( 2 ) deposits : - ■ Butchers Creek ( includes remaining resources below the historic Pit ) о Indicated 1.9 Mt @ 2.24 g / t for 139,000 oz Au ; and ○ Inferred 3.3 Mt @ 1.7g / t for 180,000 oz Au Golden Crown ( restated under JORC 2012 ) ○ Inferred 390 Kt @ 3.1 g / t for 38,000 oz Au 40 % of MRE reported in indicated categories - significantly reducing planned exploration and development timelines A large portion of the Indicated Resource at Butchers Creek occurs in the floor and beneath the historic pit , providing immediate ore for future development The Butchers Creek Resource largely sits within granted Mining Leases , potentially cutting approval times for development Classification of Indicated Resources immediately below the Butchers Creek pit means the Company no longer needs to dewater the historic pit or complete verification drilling , a significant saving in expenditure and time as the project moves toward economic studies / pre - feasibility 2021 Exploration drill program underway at Palm Springs , 2 drill rigs currently operating to extend the mineralisation envelope down plunge to the Southeast , further test the high - grade fold hinge and convert additional ounces from Inferred into the Indicated Resource category Brazil - Juruena Gold Updated Global Mineral Resource Estimate ( MRE ) of 387,000 oz @ 6.3g / t Au including a 170 % increase in Indicated Resources to 156,800 oz @ 17.0g / t Au The Juruena Resource comprises 3 separate but adjacent gold deposits : ○ ○ High - grade Epithermal Gold deposits at Dona Maria and Querosene : Indicated 286,000t @ 17.0 g / t Au for 156,000 ounces Au ; and Inferred 692,000t @ 7.6 g / t Au for 170,000 ounces Au The Crentes Gold - Copper deposit hosted in the Juruena fault : Inferred 943,000t @ 2.0 g / t Au for 60,900 ounces Au Meteoric Resources ABN 64 107 985 651 Level 1 , 33 Ord Street West Perth WA 6005 www.meteoric.com.au → ASX_MEI in www.linkedin.com/company/meteoric-resources/