Final and annual report for EL 23767 18 September 2015 to 8 July 2016

Abstract

No work was conducted on EL 23767 during the final reporting period. Minemakers originally intended to carry out a broad-spaced scout RC drill program to test for an extension of mineralisation found on adjacent tenements from drill campaigns in 2010 and 2012. The timing of this work was to be coordinated with proposed drilling and geotechnical work for a feasibility study on Minemakers' nearby ML 27244 and drilling on other Wonarah exploration tenements. However, delays in the full commissioning of an IHP demonstration plant in Florida, for which validation of concept is required before Minemakers will proceed with its feasibility study at the Wonarah Phosphate Project, caused postponement of all the proposed work on ML 27244 and other tenements, including EL 23767. The tenement was surrendered in July 2016 on the basis that the costs associated with continuing to maintain an interest in the tenement were no longer justified.