Ann: Geophysics Commence at Meteoric Cobalt Projects, page-2

GEOPHYSICS COMMENCE AT BEAUCHAMP, IRON MASK & MULLIGAN EAST

 VTEM geophysical surveys have commenced at Meteoric’s three largest cobalt projects – Beauchamp, Iron Mask & Mulligan East
 Geotech Limited flying the latest VTEMTM Plus system for a total of 714 line-kilometres
 VTEM data to be modelled in 3D and followed up with advanced exploration programs including drilling

Meteoric Resources NL (ASX: MEI; “Meteoric” or the “Company”, a Canadian cobalt focussed explorer has commenced 714 line-kilometres of airborne VTEMTM (Versatile Time Domain Electro Magnetic) Plus surveys over the Company’s 100% owned Beauchamp, Mulligan East and Iron Mask Cobalt Projects in Ontario, Canada. Geotech Limited have commenced flying the VTEMTM Plus geophysical survey over the Company’s Beauchamp Cobalt Project, shortly followed by Mulligan East and then Iron Mask. A total of 714 line-kilometres of airborne survey will be completed at Meteoric’s three largest cobalt projects with completion expected inside 2 weeks.

VTEM anomalies identified through this geophysics program will be modelled in 3D and followed up with advanced exploration activities including drilling. The VTEMTM Plus system is the latest technology available in the market place, the system is coupled with a high dipole moment transmitter which provides unparalleled resolution and depth of investigation. These sensors will perform continuously in areas of high magnetic gradient to accurately define the Nipissing Diabase (potential cobalt host sequence) in the sub-surface.

Meteoric Resources MD, Dr Andrew Tunks commented: “We are extremely pleased to have Geotech Limited flying their latest VTEM technology over our three largest Canadian projects as not only is Geotech a world leader in airborne geophysics programs, but this technology is both time efficient and extremely cost effective. “As our Beauchamp, Mulligan East and Iron Mask properties cover in excess of 60 km2 of prospective ground for cobalt mineralisation, flying the chopper survey as a first pass is a very economical method for target generation”.

This stuff goes down to about 400 metres so doesnt hurt to scope out the projects and try n find some likely hits and places to drill, they need to keep cracking the whip however.