Year 6 Reduction report EL 27526 Ooratippra Project for the reporting period 3 March 2015 to 2 March 2016

Abstract

EL 27526 is part of CKA's Ooratippra Project purchased in 2011 from Acacia Minerals Pty Limited, wholly owned by Equator Resources Limited. The transfer was approved by the Mines Department on 31 October 2011. The Ooratippra Project covers approximately 1,220 square kilometres (during 2015) straddling the Sandover Highway approximately 300 kilometres northeast of Alice Springs. During year 6 CKA reduced EL 27526 by 34 blocks and this report details exploration undertaken on the relinquished ground for the duration it was held. In 2010 the previous owner of the Ooratippra project ELs, NT Resources Ltd, applied for and was awarded a 'bringing forward discovery' geophysics collaboration with the NT Government for the Ooratippra project. A 1km spaced gravity survey was completed by NT Resources as set out in the collaboration. A total of 112 stations were taken within the relinquished ground. Anomaly Q was identified. In 2012 CKA completed (using Atlas Geophysics) 400m infill gravity grids (74 stations) which partially covered the relinquished ground and were targeting anomalies in other tenements. Geophysical analysis included enhancement of magnetic signatures utilising the latest data enhancement and analysis techniques, estimation of magnetic source depths and mapping of major magnetic elements and lineaments. The relinquished ground is still considered to be prospective for IOCG mineralization and diamonds. CKA had highlighted CKA01 and CF01 as two of its priority diamond exploration targets. however due to unforeseen delays in proposed exploration in 2015 the program was not completed and CKA has had to reassess its holdings focusing efforts on anomalies D and F on the retained ground.