Final Report EL 27709 Paddys Plain 24 October 2014 to 19 May 2020

Abstract

EL 27709 'Paddys Plain' is located approximately 75km east-northeast of Alice Springs. Access is by the Arltunga Road from the Stuart Highway via The Garden homestead. Access within the area is by means of station track. Core Lithium Ltd (CXO) has assessed the prospectivity of EL 27709 for sedimentary hosted Pb-Zn-Ag within the Amadeus Basin sediments which are extensively mapped within EL 27709. CXO was encouraged by the tenements potential to host Pb-Zn-Ag mineralisation with similar characteristics to CXO's Inkheart Prospect discovery on nearby tenement (EL 28136). Inkheart Prospect is Pb-Zn-Ag hosted in a quartz carbonate veining system within Bitter Springs Formation sediments. CXO's investigation of the potential for Pb-Zn-Ag mineralization has identified a number of prospective mapping targets within EL 27709 and further work including IP geophysical techniques and drill testing would be recommended. Following a review of CXO's exploration tenure holding in the NT the company has decided to relinquish this license so it can focus further on developing and progressing the Finniss Lithium Project.