Meteorite Identification: The Magnet Test. Meteorites are divided into three basic groups: irons, stones, and stony-irons. Practi.y all meteorites contain a significant amount of extraterrestrial iron and nickel, so the first step in identifying a possible meteorite is the magnet test..How to Identify a Meteorite . This is a series of eight pages. My presumption is that you have found a rock that you think is a meteorite. You want to identify that rock. The intent is that you start here and work your way sequentially through the pages. At the end you will have a better idea whether or not your rock is a meteorite--but there will be more .Geoffrey Notkin, co-host of the Meteorite Men television series and author of Meteorwritings on Geology.com, has written an il.rated guide to recovering, identifying and understanding meteorites. Meteorite Hunting: How to Find Treasure Frome is a 6" x 9" paper back with 83 pages of information and p.os.. In 3 simple steps, you can identify if a stone is a meteorite or meteorwrong. All done in the field while hunting, only requires a magnet, a file, and the knowledge in this. All .