Annual and final technical report EL 29602 and EL 30122 28 January 2014 to 25 June 2016

Abstract

Exploration Licenses 29602 and 30122 are located approximately 290km North-East of Alice Springs and have an total area of 604.26(395.5 +208.76) square kilometres. The licenses are located in the Paleoproterozioc Aileron Province of the Arunta Orogen in the Northern Territory. The area has long been a target for exploration and Oyasa Exploration believe the licenses are highly prospective for an economic gold, copper or nickel deposit. Exploration license 29602 was granted for six years to Oyasa Exploration Pty Ltd (Oyasa) on 28 May 2013 and comprised of 125 blocks at the time of grant. The licence was partially relinquished on 31 March 2015 and 63 blocks currently remain. Exploration license 30122 was granted for six years to Oyasa Exploration Pty Ltd (Oyasa) on 19 December 2013 and comprised of 66 blocks at the time of grant and is not relinquished now. Since grant Oyasa has collected and analysed historical data on the blocks.