Meteoric Resources Nl

Meteoric Resources NL (ASX:MEI) is pleased to announce Rock chip sampling traverses in five target areas have demonstrated significant widths of high grade hematite-goethite at the Coorara iron project.

Additional rock sampling has continued to highlight the potential for highgrade hematite-goethite deposits at Meteoric Resources's (ASX:MEI) Coorara project.

As recently reported, Meteoric Resources NL (ASX:MEI) completed a geochemical survey (1818 soil samples and 733 stream sediment samples) over several target areas prospective for gold mineralisation at Tibooburra, about 300km north of Broken Hill, NSW. The Tibooburra goldfield comprises several inliers of Cambrian metasediments which host many hundreds of quartz veins in an area extending from the town of Tibooburra for some 50km to the south west.

ADX Energy Limited (ASX:ADX) (PINK:ADXRF) are pleased to provide an update in relation to the proposed divestment and Initial Public Offering "IPO" of the Company's mineral assets portfolio. This strategy is in-line with the previously stated intention of ADX becoming a highly focused energy company while ensuring that the necessary capital is secured to finance the exploration and development of its highly promising gold and base metals tenements.

Following the acquisition of rights to a 100% interest in the Coorara iron project situated 90km north east of Koolyanobbing (MEI ASX release 31 May 2010), Meteoric Resources (ASX:MEI) has completed a detailed aeromagnetic survey and has completed systematic rock sampling. Final assay results have been received from the rock sampling carried out over the 40km-long strike length of banded iron formations (BIF), evident in either outcrop or from the aeromagnetic data.

With the US$ gold price reaching record highs and with a very positive outlook for the metal, Meteoric Resources (ASX:MEI) is pleased to announce it has reached an agreement to earn up to a 75% interest in 600sq km of tenements covering most of the Tibooburra goldfield in north western New South Wales. The Tibooburra gold project is viewed as providing Meteoric with a low cost entry to a highly prospective, under explored and forgotten gold district at a time of rising gold prices.

Following an agreement to acquire a 100% interest in the Coorara iron project (MEI ASX Release 31 May 2010) Meteoric Resources (ASX:MEI) has commissioned a detailed aeromagnetic survey over the 40km strike length of banded iron formation (BIF) evident on the project area from outcrop and existing aeromagnetic data.

Meteoric Resources (ASX:MEI) has acquired the rights to a 100% interest in granted exploration licence E52/2412 adjacent to its Robinson Range iron project in the emerging Mid West iron province of Western Australia.

Meteoric Resources (ASX:MEI) has signed an agreement to acquire a 100% interest in exploration licence E16/372 at Coorara, about 90km northeast of Koolyanobbing in Western Australia.

Meteoric Resources (ASX:MEI) has completed detailed aeromagnetic surveys (150m line spacing) over several target areas at its Webb project in the West Arunta region of WA. The surveys include the iron oxide-copper-gold (IOCG) targets T1-T5 shown in Figure 1. The West Arunta region has been identified as being prospective for IOCG mineralisation by the Geological Survey of WA.