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Meteoric Resources

ASX:MEI
No current share price held for this company.
No price history held for this listing yet.
Market cap
—
Shares on issue
—
Story beats
197 since 2006
Last event
1 Oct 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

19 Nov 2018asset acquisition disposition▲ GoodMajor

Meteoric agrees to sell its non-core Midrim and LaForce nickel-copper projects in Quebec for 31.25m TopTung shares, valued at $1.53m. Completion is conditional on TopTung approvals and its acquisition of the buyer. Treasury of cash and listed shares would be about $4m.

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19 Nov 2018other● Neutral

TopTung's own announcement of acquiring Canadian Nickel Corporation, which holds the rights to Midrim, LaForce and Lac Kelly, and plans to rename itself Chase Mining. It is the buyer-side view of Meteoric's sale; it adds no new Meteoric terms. Text truncated.

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16 Nov 2018other● Neutral

ASX pauses trading in Meteoric shares pending a further announcement. No reason is given in the text; the sale of Midrim and LaForce follows on 19 November, though the text does not link them.

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12 Nov 2018drilling scheduled▲ GoodMajor

Joyce is named the top priority target, with a maiden 8-hole, 500m drill program to start imminently once approvals arrive. Final VTEM data for Iron Mask, Mulligan East and Beauchamp is delayed by the contractor. The company is also reviewing projects in other commodities and places.

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9 Nov 2018security holder rights change● Neutral

Meteoric cancelled 9.5m Class B, 11m Class C and 11m Class D performance rights by agreement for nil consideration. The text gives no reason; it reduces potential future share issues to holders (31.5m rights in total).

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23 Oct 2018quarterly activities report● Neutral

September quarter report recaps the seven-project cobalt portfolio, the nine Joyce River EM targets with rock chip sampling under way, and the 714 line-km VTEM survey at Beauchamp, Mulligan East and Iron Mask, with preliminary data received. Largely repeats earlier announcements; text truncated, no financials visible.

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9 Oct 2018admin correction● Neutral

Updated re-release of the 8 October Joyce River announcement on nine EM targets. It adds sample photo details with sulphide estimates (about 50-55% pyrrhotite, 10% chalcopyrite) and references. No new results or figures beyond the original.

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8 Oct 2018drilling result▲ Good

3D modelling of 2012 airborne EM data at Joyce River defines nine conductor targets, 45-180m long, coincident with magnetic highs and outcropping massive sulphides. Rock chip sampling starts immediately. Management calls the Mulligan result disappointing but keeps its seven-project portfolio focus.

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1 Oct 2018annual report● Neutral

Annual report for the year to 30 June 2018. The visible text describes the seven-project Ontario cobalt portfolio and the Chairman's letter, with Mulligan drilling begun in July. Financial statements are truncated. The registered office is now 99 St Georges Terrace, Perth, with Matthew Foy as company secretary.

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1 Oct 2018annual report● Neutral

Appendix 4G for the year to 30 June 2018, pointing to the corporate governance statement on the company website. Compliance filing with no new business information. Matthew Foy is named as the authorising secretary.

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21 Sept 2018drilling result▼ BadMajor

Mulligan maiden drilling, 11 holes for 970m, hit the targeted structures but found no major cobalt mineralisation. The company says the system lacks the scale and grade for modern mining and moves focus away from Mulligan to its other projects. It also flags unspecified, incomplete talks on further assets.

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6 Sept 2018drilling progress report● Neutral

Airborne VTEM surveys have begun over Beauchamp, then Mulligan East and Iron Mask, 714 line-km in total, with completion expected within two weeks. This follows the 8 August contract announcement; results will be modelled in 3D to pick drill targets.

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13 Aug 2018drilling progress report● Neutral

The maiden Mulligan program finished with 11 holes for 970m, fewer than the 16 holes and 1,570m planned. The text says it finished ahead of schedule and many holes hit the targeted faults and veins. Assays are due late September.

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8 Aug 2018contract award▲ Good

Meteoric contracts Geotech Limited for a 714 line-km airborne VTEM survey over its three largest cobalt projects: Iron Mask, Mulligan East and Beauchamp, covering over 60 km2. Anomalies will be modelled in 3D to guide drilling. Cost is not stated.

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27 July 2018quarterly activities report● Neutral

June quarter report recaps the three acquisitions (Beauchamp, Lorrain, Joyce River) making seven cobalt projects, the completed Mulligan geophysics, and maiden drilling starting after quarter end. Largely repeats earlier announcements. The text is truncated, so any financials are not visible.

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23 July 2018drilling spud▲ GoodMajor

The drill rig has reached Mulligan and maiden drilling starts immediately: 16 holes, 1,570m, targeting seven geophysical anomalies and historic workings. The company expects two to three weeks of drilling, with assays to follow. Historic results are repeated.

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23 July 2018investor presentation● Neutral

Link to a Proactive Investors video interview with Managing Director Andrew Tunks about the start of drilling. The text carries no new results or figures.

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6 July 2018admin correction● Neutral

Share registry moves from Security Transfer Australia to Automic Registry Services from 9 July 2018. Administrative notice only, with new contact details; no business or financial substance.

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5 July 2018drilling scheduled▲ Good

Meteoric finalises a 16-hole, 1,570m maiden diamond drill program at its 100%-owned Mulligan cobalt project to test seven chargeable geophysical anomalies. Drilling contract award and site mobilisation are expected in the coming weeks, following the June survey.

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28 June 2018security holder rights change● Neutral

5,000,000 Class A Performance Rights were cancelled after the holder's employment ended. The text does not name the holder.

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21 June 2018drilling result▲ Good

The completed Mulligan IP, resistivity and magnetics survey (8.1 line km) identified multiple targets for cobalt-rich veins. The company says results exceeded expectations. Geologists are ground-truthing, with maiden drilling still on track for July 2018.

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21 June 2018investor presentation● Neutral

June 2018 investor presentation on the cobalt portfolio, repeating known project details: Mulligan's 8-tonne bulk sample at 10% cobalt and maiden drilling from July 2018. No new results are evident in the visible text.

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5 June 2018regulatory community update▲ Good

Field assessment is complete and geophysics is scheduled across all seven cobalt projects. Mulligan's ground survey is finished and 3D interpretation has begun. Maiden Mulligan drilling is on schedule for July 2018, with the drill tender under way. Burt geophysics and drilling are set for August.

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18 May 2018investor presentation● Neutral

Link to a Proactive Investors video interview with Managing Director Andrew Tunks. The visible text carries no new results or figures.

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14 May 2018asset acquisition disposition▲ GoodMajor

Meteoric signs a binding agreement to buy 100% of Joyce River, 4.6 km2 in north-western Ontario, a copper-cobalt-gold sulphide style new to its portfolio. Rock chips reached 0.3% cobalt, 11% copper and 8.1 g/t gold. Untested airborne EM anomalies are included.

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7 May 2018asset acquisition disposition▲ GoodMajor

Meteoric signs a binding agreement to acquire 100% of the Lorrain Cobalt Project, 4.9 km2 about 9km from the town of Cobalt, with historical cobalt-silver workings. Mapping and rock chip sampling start this week. Price terms are not in the text provided.

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7 May 2018admin correction● Neutral

Updated re-release of the Lorrain Cobalt Project acquisition announcement. The visible text is identical to the original; any change is in the truncated portion. No new business information is apparent.

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2 May 2018asset acquisition disposition▲ GoodMajor

Meteoric staked the Beauchamp Cobalt Project, 160 claim cells covering 33.5 km2, 40km north-north-west of the Cobalt Camp in Ontario, held 100%. The Cross-Lake Fault runs through it. Geophysics is to start immediately; no cost is stated.

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30 Apr 2018regulatory community update● Neutral

Geophysics starts 1 May at Mulligan: a 25m-spaced IP survey plus magnetics and resistivity, run by CXS. Results are meant to produce drill targets for diamond drilling in Q3 2018. Cobalt manager Tony Cormack is on site.

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19 Apr 2018quarterly activities report● Neutral

March quarter report recaps Mulligan rock chips up to 9.71% cobalt, the Gillies Limit conditional acquisition, the newly staked Burt project and Midrim copper-nickel-PGE results. Drilling is planned from mid-2018. Largely repeats previously announced items.

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