Projects

Click to view

Wilthorpe

Webb

Meteoric has a 100% interest in four exploration licence applications in the West Arunta region of the Gibson Desert.  The tenements cover a major gold anomaly and other targets recently identified by the Geological Survey of WA.

The main gold anomaly is 10km x 8km in size, being the largest and most coherent gold response identified in the 6,500sq km geochemical survey.  Significantly, up to 20km of coincident multi-element anomalism is associated with the gold anomaly.  The large footprint and multi-element association is indicative of potential for a major, multi-million ounce gold mineralisation system.  This remote area is totally unexplored and Meteoric is excited by the potential of this virgin terrane.  A programme of sampling and drilling is planned to commence once the necessary permitting and heritage clearances have been obtained

Webb Location

Webb Gold Target

In addition Meteoric had reach agreement with Cazaly Resources and Beadell Resources to earn up to a 70% interest in tenements covering several iron oxide-copper-gold (IOCG) targets and increasing Meteoric's land holding in this prospective region to more than 2,000qkm².

Meteoric Tenure, West Arunta Region

Wilthorpe

Situated 25km south of the 1Mtpa mothballed Fortnum gold treatment plant, a 2.4km x 500m bedrock gold anomaly has been identified at Wilthorpe overlying an extensive sheeted vein and stringer system. Systematic RAB drilling of this large anomaly has so far identified two zones with resource potential at Harrods Central and Harrods South.  RC drilling of these two zones identified resources totalling 61,600ozs of gold.

Inverse distance squared method 0.8g/t cut-off.  High values cut to 20g/t at Harrods Central, 15g/t at Harrods South.

The information that relates to mineral resources is based on information compiled by Lynn Widenbar BSc, MSc, DIC, MAusIMM, employed by Widenbar  & Associates who are consultants to Meteoric Resources NL. Lynn Widenbar has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the ’Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Lynn Widenbar consents to the inclusion of this information in the form and context in which it appears in this summary.

A concept study of the identified resources indicates potential for a modest open pit mining operation. Developments options are being examined.