Meteoric Requests Suspension Pending Key License Announcement

Context of the Suspension

Meteoric Resources NL (ASX, MEI), a mining exploration company, has requested a voluntary suspension of its securities from trading on the Australian Securities Exchange starting 28 November 2025. This move follows a trading halt granted two days earlier, signaling the company’s intent to manage market communication carefully amid ongoing media speculation.

Focus on Preliminary License Approval

The suspension is specifically linked to an impending announcement regarding the status of Meteoric’s Preliminary License approval process. While details remain under wraps, the company’s board has authorized the suspension to ensure that all shareholders and market participants receive the information simultaneously, thereby maintaining a level playing field.

Market Implications and Speculation

Preliminary licenses are critical in the mining sector as they often determine the feasibility and timing of exploration activities. The media speculation surrounding Meteoric’s license approval has likely contributed to increased market attention and volatility. By voluntarily suspending trading, Meteoric aims to prevent uninformed speculation and potential price swings until the facts are disclosed.

Next Steps and Timing

The suspension is set to remain in place until the company releases its announcement or until the start of trading on 1 December 2025, whichever comes first. Investors will be watching closely for the content of this announcement, which could have significant implications for Meteoric’s operational outlook and share price trajectory.

Transparency and Compliance

Meteoric Resources has confirmed that it is not aware of any other material information that would necessitate disclosure at this time. The company’s proactive communication and adherence to ASX Listing Rule 17.2 demonstrate a commitment to regulatory compliance and market transparency during a potentially sensitive period.