Earlier research had suggested Black Beauty was about 2 billion-year old, but new tests indicate the rock actually dates to 4.4 billion years ago.
The dark and glossy meteorite would have formed when the Red Planet was in its infancy.
The research is published in the journal Nature.
Lead author Prof. Munir Humayan, from Florida State University, US, said: “This [rock] tells us about one of the most important epochs in the history of Mars.”
There are about 100 Martian meteorites, but almost all of them are younger, dating to between 150 million and 600 million years old.
They would have fallen to the Earth after asteroid or comet impacts had dislodged them, setting the rocks free to travel through space before eventually crash landing here.
This particular Martian meteorite, which is formed of five fragments, is much older.
An earlier analysis of one piece, called NWA 7034, put the age at 2 billion years.
But this latest research has found that another piece, NWA 7533, dates to 4.4 billion years ago, which suggests that NWA 7034 also must be older.
The team said it would have formed when Mars was just 100 million years old.
“It is almost certainly coming from the southern highlands – the cratered terrain that makes up the southern hemisphere of Mars,” said Prof. Munir Humayan.
This would have been a turbulent period of Martian history, when volcanoes were erupting all over the surface.
Prof. Munir Humayan explained: “The crust of Mars must have differentiated really quickly, rather than gradually over time. There was a big volcanic episode all over the surface, which then crusted up, and after that the volcanism dropped dramatically.
“When it did this it also must have out-gassed water, carbon dioxide, nitrogen and other gases to produce a primordial atmosphere… and also a primordial ocean.”
He added: “This is a very exciting period of time – if there were to be life on Mars, it would have originated at this particular time.”
Prof. Munir Humayan said that team now plans to study the rock to see if there were any signs of past life. But he added that while the rock was lying in the Sahara Desert, living organisms probably would have occupied it, masking potential evidence.
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