MEI Fundamentals

Well MEI still seems to be going under the radar despite the massive potential cobalt grades (as well as the copper and nickel) so I thought it was time we started to get some structure to the threads on here and thought a fundamentals thread for new comers or people looking for a good cobalt play (and more) was a good start. Everyone please feel free to add as I am only going on my notes before I invested a few weeks ago and extracts from the recent announcements and quarterly but I'm sure there is a lot more longer term holders can add.

The big pluses I saw for investment were:
1. Low no of shares on offer and very low M/C for the potential resource
2. Amazing potential cobalt grades of up to 15%...this compares to Australian cobalt grades of less than 0.5% in companies with a much bigger MC
3. Cash in bank and low admin cash burn
4. Good management
5. Lots of upcoming news

Company & Capital Structure
- Current M/C $30m (fully diluted)
- 454m shares
- 9m options exercisable at 1.2c by 9/9/2020
- 8.15m options exercisable at 2c by 30/6/2018
- Tolga Kumova owns 6.75%
- $1m cash on hand as at 30/9/17 and expected cash burn this quarter $0.35m with only $0.1m for admin costs
- In todays announcement:
Meteoric’s current exploration programmes at the Midrim Cu-Ni-Co & PGE property and at the Mulligan and
Iron Mask cobalt properties are fully funded and is part of the company’s strategy to rapidly advance its portfolio​

of Canadian projects (so no CR expected in the near future or at least until results are in)

MEI Major Projects in mining friendly Canada

Iron Mask - Cobalt
- 8 claims covering 14.2 km2
- MEI claims located 500m along strike from "Iron Mask shaft" with historical production averaging 15% Co + 255g/t
- EM and magnetic surveys indicate extension of mineralized zones into MEI’s claims

Mulligan - Cobalt
- 50km North of prolific Ag-Co mining camp of Cobalt, Ontario
- Historic production averaging 10% Co
- Production run sampled grades of up to 19% Co and 56.7 g/t Au
- Canadian Department of Mines Sample (23720)
o 12.6% Co, 29.75 g/t Au, 39.7 g/t Ag and 1.03% Ni

The company has announced the commencement of a Cobalt exploration program targeting the Iron Mask
and Mulligan projects.
1. The initial program at Mulligan will consist of:
- geological mapping; rock chip sampling and identification of possible channel sampling locations
- collection of 300 soil samples and 7.3 line kms of IP surveying at 25m intervals along 100m spaced
lines
- ground magnetics continuously recorded along 100m spaced lines
-2. The initial program targeting Iron Mask will include geological mapping and rock ship sampling as well as the​

identification of potential channel sampling locations.

- Results due back in Q4 2017 to target future drilling programs

Midrim & Laforce - Polymetallic (Co/Cu/Ni)
- 223 claims covering 118 km² of highly prospective ground within BAG
- 46,000m of historical drilling, only partially assayed
- Over AU$4.5m in historical drilling value
- Significant platinum and palladium mineralisation associated with Cu-Ni mineralisation
- 36 aerial EM targets identified over the Baby segment of BAG, with 24 of these conductors located on
MEI’s ground
- Exceptional historical drilling results, targeting the Midrim deposit, forming one of the 24 EM​

conductors
- Verification assay program of 9 holes targeting Midrim mineralisation finalised
- Recent assays reproduce the previously reported historical high grade shallow Cu-Ni-PGE

intercepts
 Highlight intercepts identified within the assaying program include:
o MR01-17: 10.15m @ 3.45% Cu, 1.65% Ni & 4.03 g/t PGE from 10.20m depth
o MR01-29: 18.85m @ 2.64% Cu, 1.72% Ni & 2.47 g/t PGE from 17.6m depth
- Drill program targeting Midrim and Lac Croche mineralisation commenced today
- Re-interpretation of historical Midrim Project EM and aeromagnetic surveys completed
- 19 untested targets identified, including 7 high-priority targets and possible extensions to
Midrim Cu-Ni-PGE mineralisation​