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Police said a police officer from Lincoln collected the item from a Canterbury farm last night and brought it into the police station around 9.30pm last night.
"It is very light...almost weightless and (the farmers) have never seen anything like it before," said police southern communications centre supervisor Paul Visser.
Visser said the object was about 10cm long, 5cm wide and deep, and too light to be rock, with an "unknown texture".
The exact location of the find has not been revealed.
Flashing across the sky at speeds of 40,000kmh, a meteor in "terminal fireball" sent a sonic shockwave across the South Island on Tuesday afternoon, startling and frightening thousands of residents. The sonic boom from the meteor speeding through the Earth's atmosphere at 2.55pm yesterday was heard by people from Hinds, south of Ashburton, to Blenheim.
The meteor is the talk of much of the South Island, but the chances of anyone finding the space rock are astronomically small.
After a fiery flight and sonic boom, it is unclear if it burned up or crashed to earth.
Within hours of the sonic boom just before 3pm, a rash of objects had been posted on TradeMe claiming to be the meteorite responsible.
Experts say while the original rock was probably about the size of a large ball, it may have broken into pebble-size pieces.
Professor John Baggeley, who operates a meteor radar for Canterbury University, says finding it would be like looking for a needle in a haystack.
It looks like cross between a piece of volcanic foam and a hunk of West Coast coal, but scientists today ruled it out as a meteorite.
National Radiation Laboratory scientists today pored over the 15cm by 7cm by 3.5cm grey-black object found in a Dunsandel paddock yesterday after a massive sonic boom above Canterbury.
Dunsandel woman Tanya Haigh found the mysteriously light piece of rock and handed it to police last night suspecting it might have been a fragment of the meteor that flashed across southern skies just before 3pm.
Under international protocols for man-made objects thought to have come from space, police contacted the Department of the Prime Minister and Cabinet, which called in the boffins to check whether it was radioactive and a hazard.
Christchurch-based National Radiation Laboratory group general manager Jim Turnbull said today the object may well have come from space, but it was almost certainly not a meteorite. Neither was it radioactive.
"I think we can state with some confidence that it's not a meteorite," Mr Turnbull said.
Originally posted by simo
Although any lucky punter can pick up a 'piece' of the meteor on NZ's favourite auction site, www.trademe.co.nz haha. Is the whole country obsessed with that damned website?