Meteoric Resources NL announced the appointment of Mr. Peter Gundy as Non-Executive Director of the Company. Mr. Gundy has had a long history in the Rare Earth space and was the Chairman, CEO and Founder of Neo Material Technologies Inc. (NEM). From a start-up in 1992, Mr. Gundy created one of worlds most successful rare earth Company's. With manufacturing plants in China and Thailand, it manufactured a full suite of advanced rare earths used in the global electronics industries and automotive sector.

It also became #1 in the world in powerful high tech bonded magnetic materials for the world's electronic industries. Rare earths permit devices to be miniaturized, make products more environmentally benign and generate important energy efficiencies in final products.